Destination XL, the big and tall men’s specialty store, swung to the black for the first quarter ended April 30.
For the three months, net income was $214,000, or 0 cents, against a net loss of $574,000, or 1 cent, last year. Sales rose 3.3 percent to $107.9 million from $104.4 million, while DXL comparable-store sales rose 5.8 percent.
David Levin, president and chief executive officer, said, “Our first-quarter results demonstrate the continued strength of the DXL concept, which drove solid growth in sales and profitability even as persistent cooler weather affected much of the retail apparel industry.”
He added that the company’s “overall higher level of awareness has led to a 6.9 percent increases in our Casual Male customer conversion rate to DXL.”
For fiscal 2016, the company expects diluted EPS from break-even to a net loss of 9 cents, on total sales of $465 million to $472 million. It projected a comps gain in the range of 4.8 percent to 5.5 percent.
The company ended the quarter with 345 stores, mostly under the Destination XL or Casual Male XL nameplates. Five were under the name Rochester Clothing.