More on Destination XL Group's Q4

|About: Destination XL Group, Inc. (DXLG)|By:, SA News Editor

Destination XL Group (NASDAQ:DXLG) reports comparable-store sales fell 2.4% in Q4.

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.