Specialty retailer Destination XL Group, Inc. (DXLG), Friday reported lower profit for the fourth quarter as the comparable prior-year period witnessed a tax benefit versus a provision for tax this year. The company further provided outlook for fiscal 2013.
For the period, the firm posted net income of $4.21 million compared with $33.49 million a year back. On a per share basis, earnings for the period totaled $0.09 versus $0.70 last year.
Sales for the period witnessed a slight improvement at $114.85 million from $111.07 million a year back.
The firm made provision for tax of $2.62 million versus a benefit of $51.11 million for the corresponding quarter a year earlier.
Looking forward, for the full-year, the firm said sees comparable sales increase of 8.5 to 10.0 percent and total sales of $415 million to $420 million while earnings per share is projected to be approximately breakeven.
Analysts are looking for earnings per share of $0.12 on revenue of $435.00 million for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.