By  on May 30, 2018

Destination XL posted improved results in the fiscal first quarter, but there was a bit of pushback from one Wall Street analyst on the transition costs for a new chief executive officer expected later this year.

In the period ended May 5, the men’s big and tall retailer cut its losses to $3.1 million compared with $6.1 million in the same period last year. Comparable-store sales rose 2.2 percent while total sales rose 5.3 percent to $113.3 million from $107.6 million in the prior year’s first quarter. On a non-GAAP basis, earnings before interest, taxes, depreciation and amortization more than doubled to $5.1 million from $2.5 million last year.

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