DXLG - Why Men's Big And Tall Apparel Retailer Destination XL's Shares Are Sliding Today | Benzinga
Destination XL Group, Inc. (NASDAQ: DXLG) shares are trading lower after the company reported Q3 net sales of $119.19 million, missing the analyst consensus of $120.75 million. Sales were down 8.1%.
Comparable sales for the third quarter decreased 6.7% Y/Y as the company saw a slowdown in store traffic and dollars per transaction as the economy and inflationary pressures negatively impacted consumer spending.