DXL retail stores comp declined 1.9% during the quarter.
Gross margin rate slipped 90 bps to 44.9%.
Merchandise margins down 40 bps Y/Y due to an increase in promotional strategies over the peak December selling weeks.
SG&A expense rate improved 390 bps to 36.1% primarily due to decreases in advertising costs and incentive accruals.
EBITDA grew 48.2% to $10.8M.
Inventories -6.1% to $117.45M.
Store count -2 Y/Y to 343.
FY2017 Guidance: Total sales: $470M to $480M; Total comp sales: +1% to +4%; Gross margin rate: ~46%; EBITDA: $24M to $30M; GAAP EPS:-$0.11 to -$0.23; Non-GAAP EPS: -$0.06 to -$0.14; Capex: ~$22M; Cash flow from operating activities: $37M to $42M; Store count: 344.