Destination Xl Intrinsic Value Calculator – DESTINATION XL Reports Second Quarter FY2024 Earnings Results for August 24, 2023
August 26, 2023
🌥️Earnings Overview
On August 24, 2023, DESTINATION XL ($NASDAQ:DXLG) reported its second quarter of FY2024 earnings, ending July 31, 2023. Net income for the quarter totaled USD 11.6 million, a decrease of 79.6% from the same period one year prior. Total revenue for the quarter was USD 140.0 million, a decrease of 3.2% from the same time in the preceding year.
Price History
On Thursday, DESTINATION XL reported its second quarter FY2024 earnings results for August 24, 2023. The company’s stock opened at $3.9 and closed at $4.3, up by 1.4% from the prior closing price of 4.2. This marks the fourth consecutive quarter that DESTINATION XL has reported positive returns for investors. The company’s financial performance was driven by strong sales and higher margins from its online and retail channels. These positive results demonstrate DESTINATION XL’s ability to successfully manage its operations and generate value for shareholders.
Overall, DESTINATION XL reported encouraging results for its second quarter FY2024 earnings. The company’s strong performance is a testament to its continued success in the retail industry and its commitment to providing quality products and services to its customers. Investors should be optimistic about the company’s future prospects and should continue to monitor its financial performance as it moves forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Destination Xl. More…
| Total Revenues | Net Income | Net Margin |
| 539.03 | 37.39 | 7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Destination Xl. More…
| Operations | Investing | Financing |
| 62.33 | -53.66 | -11.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Destination Xl. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 351.96 | 201.86 | 2.42 |
Key Ratios Snapshot
Some of the financial key ratios for Destination Xl are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.2% | – | 9.7% |
| FCF Margin | ROE | ROA |
| 9.7% | 22.0% | 9.2% |
Analysis – Destination Xl Intrinsic Value Calculator
At GoodWhale, we recently conducted an in-depth analysis of DESTINATION XL‘s financials. Our proprietary Valuation Line tool estimated the intrinsic value of a DESTINATION XL share at approximately $4.5. Currently, the stock is traded at $4.3, which is a fair price that is undervalued by 4.5%. This presents an excellent opportunity for investors to purchase DESTINATION XL shares and benefit from this undervaluation. More…
Peers
The retail industry is very competitive, with many companies vying for the attention and dollars of consumers. Destination XL Group Inc is one company that competes in the retail space, and its main competitors are Citi Trends Inc, PreVu Inc, and The Bon-Ton Stores Inc. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which company they want to patronize.
– Citi Trends Inc ($NASDAQ:CTRN)
Citi Trends Inc is a company that operates in the retail industry. It is engaged in the sale of apparel, accessories, and home decor products through its retail stores and online store. The company has a market cap of 166.58M as of 2022 and a Return on Equity of 27.52%.
Citi Trends is a leading retailer in the United States, offering affordable fashion and home decor products to its customers. The company has a strong online presence and operates over 500 stores across the country. Citi Trends is committed to providing quality products at great value, and its strong financial performance is a testament to this commitment.
– PreVu Inc ($OTCPK:PRVU)
PreVu Inc is a company that provides software that helps businesses to make better decisions about their finances. The company has a market cap of 159.57k as of 2022 and a return on equity of 20.12%. The company’s software helps businesses to track their spending, income, and profits so that they can make more informed decisions about their finances. The company’s software is used by businesses of all sizes, from small businesses to large corporations.
– The Bon-Ton Stores Inc ($OTCPK:BONTQ)
The Bon-Ton Stores Inc. is a department store company that operates 260 stores in 27 states in the United States. The company was founded in 1898 and is headquartered in York, Pennsylvania. The company’s stores offer a wide variety of merchandise, including apparel, accessories, cosmetics, home furnishings, and other items. The company’s stores operate under the names of Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s, and Younkers.
Summary
DESTINATION XL reported their second quarter FY2024 earnings results on July 31, 2023 with total revenue of USD 140.0 million, a decrease of 3.2% from the same period last year. Net income for the quarter was USD 11.6 million, a decrease of 79.6% from the same period last year. Investors should take note of this decrease in profitability and consider whether to invest in the company. They should research further into the company’s performance, management, competitive landscape, and other factors that can affect its performance.
Additionally, they should look at the company’s liquidity, leverage, and dividend payout to determine whether it is a worthwhile investment.
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