Destination XL Group

Destination XL reported Q2 net sales down 3.4% to $111.6 million and comparable sales down 3.5%, while adjusted EBITDA rose to $7.7 million and adjusted EPS to $0.05, helped by a $4.6 million tariff refund. The company holds $20.1 million in cash, zero debt and $61.7 million of available credit, and says FITMAP and private-label THERMACHILL show early traction. Management warns store traffic and new-customer acquisition remain the primary challenges, with physical comps down 4.3% and direct sales down 1.6%. » More on finance.yahoo.com

Destination XL Group has amended the deadline to consummate the merger agreement with FBB Holdings and Divine Merger Sub I to Oct. 30, 2026 (previously Sept. 11, 2026); the other terms of the agreement signed on Dec. 11, 2025 remain unchanged. The company filed a preliminary proxy statement and plans to distribute a definitive proxy to vote on the share issuance related to the merger. The board does not recommend the merger and also urges shareholders to reject an offer from Zodiac Partners II of $0.84 per share; the stock trades around $0.62 and the company is described as highly indebted. » More on de.investing.com

Destination XL filed a preliminary notice of voting rights with the SEC and recommends that shareholders not approve the merger with FullBeauty. The board cites the difficult consumer environment since the agreement was signed, FullBeauty’s high indebtedness, the risk of a negative equity value and the significant dilution for DXL shareholders under the current terms. DXL itself has a leverage ratio of 2.08; final voting materials will be sent before an extraordinary general meeting. » More on de.investing.com