Destination XL Q3 Net Loss Widens; Reiterates Annual Outlook - Quick Facts

(RTTNews) - Destination XL Group, Inc. (DXLG) Friday reported third-quarter net loss which widened despite revenue growth, as prior-year results were boosted by a $2.9 million tax benefit.

Net loss totaled $6.28 million or $0.13 per share, wider than loss of $4.06 million or $0.08 per share a year earlier.

Loss, on an adjusted basis, of $0.08 per share was narrower than the $0.09 loss average estimate of seven analysts polled by Thomson-Reuters. Analysts' estimates typically exclude one-time items.

Sales increased to $93.64 million, from $88.68 million last year, while analysts expected $93.67 million. Comparable sales rose 5.5 percent.

For fiscal 2014, the company continues to expect a loss of $0.12 to $0.16 per share, on an adjusted basis, on sales of $413 million to $418 million.