Destination XL sees FY23 adjusted EPS 45c-52c

The company said, “Based on our results for the third quarter of fiscal 2023 and given the persisting economic pressures that are impacting consumer spending, we are revising our full year guidance. For fiscal 2023, we expect sales to be approximately $520.0 million to $530.0 million, net income to be approximately $0.39 to $0.46 per diluted share and adjusted EBITDA margin to be approximately 10.0% to 11.0%. Adjusting for the expected loss on the termination of the retirement plans, we expect adjusted net income to be approximately $0.45 to $0.52 per diluted share.”