Destination XL’s (DXLG) Profit Surge Can’t Outrun Its Traffic Problem Destination XL Group's second quarter results are a study in contrasts: rising profit that can't lift the company above its persistent traffic woes.
Despite net sales falling 3. 4% and comparable sales dropping by an even larger margin, the retailer's adjusted EBITDA surged to $7. 7 million from just $4. 7 million last year.
At its core, Destination XL's turnaround effort hinges on winning back lost customers and stemming the decline in store traffic.