Board Chairman Conacher to Succeed Kanter as CEO of DXL

Destination XL Group (DXLG) was temporarily barred by a Delaware court from terminating its merger agreement with FBB Holdings. The court granted FBB's request for a restraining order and expedited proceedings. Destination XL disputes FBB's claims and plans to defend itself.

DESTINATION XL GROUP, INC. (DXLG) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. On October 29, 2026, the Court of Chancery of the State of Delaware (the “Court”) held a hearing on the motions for a temporary restraining order and to expedite the proceedings in the Delaware Court of Chancery under FBB Holdings I, Inc. v. Destination XL

Destination XL Group reported Q2 2027 earnings, highlighting improved comparable sales due to digital conversion and private brand scaling. A $4.6M tariff refund boosted margins, but underlying merchandise margins declined. The company faces headwinds from reduced store traffic and shifting consumer spending. Management paused non-essential capital expenditures and plans store closures. The Board recommended voting against the FullBeauty merger due to financial concerns.

Destination XL (DXLG) reported Q2 2027 net sales of $111.6M, down 3.4% YoY. Adjusted EBITDA rose to $7.7M, and adjusted EPS improved to $0.05. The company cited tariff refunds and lower costs for its GAAP net income of $2.0M. Management withdrew merger support for FullBeauty, citing performance concerns, and highlighted traffic challenges due to inflation. DXLG maintains a debt-free balance sheet and reduced CapEx guidance to $8M-$10M.

DESTINATION XL GROUP, INC. (DXLG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Destination XL Group, Inc. Reports Second Quarter Financial Results Sales of $111.6 million, Net Income of $0.04 per diluted share, Adjusted Net Income of $0.05 per diluted share CANTON, Mass., September 09, 2026 – Destination XL Group, Inc. (NASDAQ: DXLG)(“DXL” or t

Destination XL Management filed a preliminary proxy urging shareholders to vote against completing its merger with FullBeauty Brands, reversing an earlier December 2025 endorsement. The board cites weaker consumer conditions, higher financing costs, FullBeauty’s debt and potential negative equity, and “substantial economic dilution.” DXL also rejected Zodiac Partners’ $0.82 to $0.84 tender offers; DXL shares are down over 30% YTD.