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Destination XL revises outlook after challenging Q1

Destination XL, big + tall men’s clothing and shoes retailer reported sales for the first quarter were 115.5 million dollars, down 7.9 percent with a comparable sales decrease of 11.3 percent. Net income for the quarter was 6 cents per diluted share, and adjusted EBITDA declined to 8.2 million dollars or 7.1 percent of sales. “We expected fiscal...