DXLG on Nasdaq

Destination XL Group

Logo: Destination XL Group, Public domain, via Wikimedia Commons4

Specialty retailer of men's big and tall apparel

Destination XL Group, Inc. (DXLG) is a leading retailer of Men's Big and Tall apparel with 290 retail and outlet store locations throughout the United States operated under the business subsidiaries DXL and Casual Male XL. The company also operates an e-commerce website (dxl.com) and an Android and iOS mobile app serving customers in the United States, Canada, The United Kingdom, Greater China and other global markets.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 19, 2026.

Overview

$435.0MRevenue, fiscal 20265
-$35.9MNet income, fiscal 20266
1976Founded1

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  • TickerDXLG on Nasdaq1
  • Industryretail1
  • HeadquartersCanton1
  • Websitewww.destinationxl.com
  • Incorporated inDE7
  • Business address555 Turnpike Street, Canton, Ma 020217
  • Filer categoryNon-accelerated filer, Smaller reporting company7

Destination XL Group, Inc. (DXLG) is a leading retailer of Men's Big and Tall apparel with 290 retail and outlet store locations throughout the United States operated under the business subsidiaries DXL and Casual Male XL. The company also operates an e-commerce website (dxl.com) and an Android and iOS mobile app serving customers in the United States, Canada, The United Kingdom, Greater China and other global markets. The company is headquartered in Canton, Massachusetts, and is listed on the NASDAQ under the symbol "DXLG".3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

43.4%Gross margin5
-4.2%Operating margin5
-8.3%Net margin6
-6.9%Revenue growth, 20265
-33.2%Return on equity5
-$18.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue54¢$246.0M
  • Selling, general and admin41¢$187.4M
  • Income tax4¢$18.6M

Out of $435.0M in revenue.56 The company lost money this year.

Where each dollar of operating cash went, fiscal 2026

  • Capital spending100¢$20.1M

Out of $2.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue9101112135$435.0M in 2026−8% since 2019
0$200.0M$400.0M$600.0M2019: $473.8M$473.8M20192020: $474.0M$474.0M2020+0%2021: $318.9M$318.9M2021−33%2022: $505.0M$505.0M2022+58%2023: $545.8M$545.8M2023+8%2024: $521.8M$521.8M2024−4%2025: $467.0M$467.0M2025−11%2026: $435.0M$435.0M2026−7%
Gross profit9101112135$189.0M in 2026−11% since 2019
0$100.0M$200.0M$300.0M2019: $211.3M$211.3M20192020: $204.2M$204.2M2020−3%2021: $104.9M$104.9M2021−49%2022: $249.8M$249.8M2022+138%2023: $272.6M$272.6M2023+9%2024: $252.4M$252.4M2024−7%2025: $217.2M$217.2M2025−14%2026: $189.0M$189.0M2026−13%
Operating income9101112135-$18.2M in 2026+79% since 2019
-$100.0M-$50.0M0$50.0M$100.0M2019: -$10.1M-$10.1M20192020: -$4.4M-$4.4M2020−57%2021: -$60.5M-$60.5M2021+1277%2022: $62.0M$62.0M20222023: $58.6M$58.6M2023−5%2024: $41.9M$41.9M2024−28%2025: $3.7M$3.7M2025−91%2026: -$18.2M-$18.2M2026
Net income910146-$35.9M in 2026+165% since 2019
-$100.0M-$50.0M0$50.0M$100.0M2019: -$13.5M-$13.5M20192020: -$7.8M-$7.8M2020−42%2021: -$64.5M-$64.5M2021+728%2022: $56.7M$56.7M20222023: $89.1M$89.1M2023+57%2024: $27.9M$27.9M2024−69%2025: $3.1M$3.1M2025−89%2026: -$35.9M-$35.9M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-01-312025-01-312024-01-31
Sales$435.0M$467.0M$521.8M
Cost of goods sold including occupancy costs$246.0M$249.8M$269.4M
Gross profit$189.0M$217.2M$252.4M
Selling, general and administrative$187.4M$198.3M$196.5M
Transaction-related costs$4.2M$0$0
Impairment of assets$210.0K$1.3M$116.0K
Depreciation and amortization$15.3M$13.9M$13.8M
Total expenses$207.1M$213.5M$210.5M
Operating income (loss)-$18.2M$3.7M$41.9M
Loss from termination of retirement plans$0$0-$5.7M
Interest income, net$810.0K$2.1M$2.1M
Income (loss) before provision for income taxes-$17.3M$5.8M$38.4M
Provision for income taxes$18.6M$2.8M$10.5M
Net income (loss)-$35.9M$3.1M$27.9M
Net income (loss) per share - basic-$0.66$0.05$0.46
Net income (loss) per share - diluted-$0.66$0.05$0.43
Basic54.1M shares56.8M shares61.0M shares
Diluted54.1M shares59.6M shares64.3M shares

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The story

What is now Destination XL Group was founded in 1976 by Calvin Margolis and Stanley Berger as Designs, Inc.

Until 1995, Designs, Inc operated exclusively in Levi Strauss & Co. branded apparel mall and outlet stores.

In May 2002, Designs, Inc. acquired the Casual Male Big & Tall chain of stores at a bankruptcy auction. At the time, Casual Male was the largest specialty retailer of men's clothing in the U.S. big and tall market. After completing the acquisition, the newly formed Casual Male Retail Group, Inc elected to focus on those stores, selling off their other businesses and assuming the Casual Male name.

In 2004, the company acquired Rochester Big & Tall Clothing, which gave the company access to a number of designer brands including Robert Graham, Tommy Bahama, Cutter & Buck, Jack Victor, and Robert Talbott. That same year, Casual Male hired former champion boxer George Foreman to promote the chain and act as spokesman for new lines of clothing bearing his name.

In 2005, Casual Male changed the name of its stores from Casual Male Big & Tall to Casual Male XL.

In 2010, the company opened its first DXL store in Schaumburg, Illinois offering customers an extensive assortment of products, ranging from value-oriented to luxury-oriented with an increased presence of name brands.

In 2011, based on the success of the DXL store format, the company launched the destinationxl.com ecommerce website, which has since been rebranded to dxl.com.

In 2019, the company closed all remaining Rochester Clothing stores.

From Wikipedia’s article on Destination XL Group, shared under CC BY-SA 4.0.8

Leadership

Who has led Destination XL Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (51)

Former names

  • CASUAL MALE RETAIL GROUP INCAug 23, 2002 to Feb 15, 20137
  • DESIGNS INCFeb 11, 1994 to Aug 5, 20027

Timeline

  1. Aug 14, 2026New chief executive Lionel F. Conacher becomes CEO18
  2. Feb 21, 2019New chief executive Harvey S. Kanter becomes CEO19
  3. May 9, 2006New chief executive David A. Levin becomes CEO21
  4. Jan 9, 2006New chief executive Robert L. Sockolov becomes CEO20
  5. Feb 25, 1992Went public Listed on NASDAQ1
  6. 1976Founded Founded1

Filings

461 filings to the SEC since October 2021: 10 annual reports, 15 quarterly reports, 58 major events, 317 insider forms, 24 large holders, 37 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 2, 2026PRER14A EDGAR
  3. Sep 23, 2026PRER14A EDGAR
  4. Sep 15, 20264 EDGAR
  5. Sep 9, 20264 EDGAR
  6. Sep 9, 20263 EDGAR
  7. Sep 9, 202610-Q EDGAR
  8. Sep 9, 20268-K EDGAR
  9. Sep 2, 20268-K EDGAR
  10. Sep 2, 2026PRER14A EDGAR
  11. Aug 25, 2026SC TO-T/A EDGAR
  12. Aug 19, 20268-K EDGAR
  13. Aug 14, 20264 EDGAR
  14. Aug 14, 20264 EDGAR
  15. Aug 6, 2026SC 14D9/A EDGAR
  16. Aug 6, 20268-K EDGAR
  17. Aug 5, 20264 EDGAR
  18. Aug 5, 20264 EDGAR
  19. Aug 5, 20264 EDGAR
  20. Aug 5, 20264 EDGAR

The 461 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

70 open-market trades by officers, directors and large owners since October 2021: 2 buys and 68 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 3, 2024Pleasant Lake Partners LLC10% ownerSale225,000$3.15$708.8KForm 4
Feb 15, 2024Molloy Robert SGeneral Counsel & SecretarySale20,000$4.00$80.0KForm 4
Jan 11, 2024Molloy Robert SGeneral Counsel & SecretarySale20,000$4.01$80.2KForm 4
Dec 11, 2023Molloy Robert SGeneral Counsel & SecretarySale20,000$4.06$81.2KForm 4
Nov 13, 2023Molloy Robert SGeneral Counsel & SecretarySale20,000$4.34$86.8KForm 4
Oct 11, 2023Molloy Robert SGeneral Counsel & SecretarySale20,000$4.35$87.0KForm 4
Aug 30, 2023Boyle JackDirectorBuy13,825$4.25$58.8KForm 4
Aug 28, 2023Boyle JackDirectorBuy33,175$4.25$141.0KForm 4
Mar 16, 2023AWM Investment Company, Inc.10% ownerSale26,677$6.19$165.1KForm 4
Mar 16, 2023Gaeta AnthonyChief Stores & RE OfficerSale10,000$6.25$62.5KForm 4
Feb 13, 2023Gaeta AnthonyChief Stores & RE OfficerSale20,000$6.54$130.8KForm 4
Feb 13, 2023Surette AllisonChief Merchandising OfficerSale30,000$6.75$202.5KForm 4
Feb 2, 2023AWM Investment Company, Inc.10% ownerSale2,500$7.54$18.9KForm 4
Feb 2, 2023Boyle JackDirectorSale11,600$7.54$87.5KForm 4
Jan 27, 2023Boyle JackDirectorSale8,600$7.50$64.5KForm 4
Jan 26, 2023AWM Investment Company, Inc.10% ownerSale36,356$7.46$271.2KForm 4
Jan 26, 2023Boyle JackDirectorSale12,100$7.50$90.8KForm 4
Jan 24, 2023Cooney John FSVP, Chief Accounting OfficerSale13,000$7.25$94.2KForm 4
Jan 17, 2023Cooney John FSVP, Chief Accounting OfficerSale13,000$6.85$89.0KForm 4
Jan 12, 2023AWM Investment Company, Inc.10% ownerSale87,572$7.00$613.0KForm 4

All 70 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 47. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
AWM Investment Company, Inc.9,399,297$6.3M0.5%No change
Nantahala Capital Management, LLC8,283,480$5.5M0.2%+4,141,740
Fund 1 Investments, LLC5,758,261$3.9M0.7%No change
Nomura Holdings Inc3,393,348$2.3M0.0%+1,220,000
Vanguard Capital Management LLC2,170,810$1.5M0.0%−1,922
Prescott Group Capital Management, L.L.C.1,734,602$1.2M0.1%No change
Dimensional Fund Advisors LP1,210,584$811.1K0.0%−337,273
Healthcare Of Ontario Pension Plan Trust Fund1,000,000$670.0K0.0%No change
BlackRock, Inc.886,505$594.0K0.0%+847
Geode Capital Management, LLC580,822$389.3K0.0%−6,939
Long Focus Capital Management, LLC498,042$333.7K0.0%No change
Arrowstreet Capital, Limited Partnership480,106$321.7K0.0%−27,714
Concurrent Investment Advisors, LLC338,723$226.9K0.0%+61,938
Ing Groep Nv300,000$201.0K0.0%No change
Vanguard Fiduciary Trust Co282,332$189.2K0.0%+1,922
Strategic Blueprint, LLC272,598$182.6K0.0%+32,608
Renaissance Technologies LLC237,272$159.0K0.0%−51,500
State Street Corp219,185$146.9K0.0%No change
UBS Group AG129,228$86.6K0.0%−54,684
CIBC Bancorp USA Inc.120,000$80.4K0.0%−220,000
RBF Capital, LLC110,572$74.1K0.0%−78,658
Northern Trust Corp109,615$73.4K0.0%+32,067
Bridgeway Capital Management, LLC108,270$72.5K0.0%No change
Empowered Funds, LLC108,270$72.5K0.0%No change
LPL Financial LLC87,401$58.6K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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