Interviews
News Flash
Destination XL reports turnaround in Q4FY17 net income
23 Mar '17
1 min read
For the three months ended January 28, 2017, omni channel retailer of large size men's clothing, Destination XL Group reported a turnaround in net income at $1.8 million as against net loss of $1.4 million in the prior fiscal's fourth quarter. Net loss for the full fiscal 2017 too narrowed to $2.3 million compared to net loss of $8.4 million in last fiscal.
Total sales in the fourth quarter of fiscal 2017 were slightly down at $122.6 million vis-à-vis $124.0 million, while full fiscal sales were higher at $450.3 million, up from $442.2 million in fiscal 2016.
In the reporting quarter, EBITDA expanded a massive 48.2 per cent to $10.8 million versus $7.3 million in the earlier fiscal's same quarter. Fiscal 2017 EBITDA also surged 35.8 per cent year on year to $31.6 million. (AR)
Total sales in the fourth quarter of fiscal 2017 were slightly down at $122.6 million vis-à-vis $124.0 million, while full fiscal sales were higher at $450.3 million, up from $442.2 million in fiscal 2016.
In the reporting quarter, EBITDA expanded a massive 48.2 per cent to $10.8 million versus $7.3 million in the earlier fiscal's same quarter. Fiscal 2017 EBITDA also surged 35.8 per cent year on year to $31.6 million. (AR)
Fibre2Fashion News Desk – India
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
