Destination XL (DXLG) Q3 2025 Earnings Transcript

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Thursday, December 4, 2025 astatine 9 a.m. ET

• Chief Executive Officer — Harvey Kanter

• Incoming Chief Executive Officer (post-merger) — James Fogarty

• Chief Financial Officer — Peter Stratton

Harvey Kanter: Thank you, John, and bully afternoon, everyone. Today marks a pivotal measurement successful redefining inclusive apparel arsenic DXL and FullBeauty articulation forces to make a retailer that sets a caller modular for choice, prime and lawsuit experience. We are pleased to beryllium speaking with you astir the opportunities we spot up for the combined institution to accelerate growth, amended operational ratio and present semipermanent worth for our shareholders. On our telephone today, Jim Fogarty and I volition statesman by sharing further insights astir our 2 companies and the compelling benefits of this combination. I volition past crook it implicit to Peter to reappraisal DXL's fiscal results for the 3rd 4th of 2025, which were announced contiguous successful a abstracted release.

I'll present statesman by walking done wherefore we judge our concern fits truthful good together. It starts with our complementary missions and the ways successful which we people underserved consumers and the fragmented markets that supply important maturation opportunities. At DXL, we are driven by a ngo of providing Big + Tall men the state to take their ain style. We connection the champion brands done our wide and heavy assortment of nationalist and backstage brands, astir of which are exclusive crossed styles that supply options for astir immoderate occasion. Our apparel are made with the highest standards of operation and quality.

In our stores, our customers volition find a level of work that gives them a amended acquisition than they tin get anyplace else, barroom none. We are solving problems for our customers. The Big + Tall antheral has mostly been ignored by the apparel industry. There are fewer brands, less styles and adjacent less sizing options retired determination astatine astir different retailers. For the Big + Tall man, his apparel are mostly chosen for him, not by what helium likes, but purely by what exists. DXL fixes that. In truthful doing, we make important maturation opportunities for our business.

And erstwhile the Big + Tall antheral shops astatine 1 of our stores, they are getting the brands, quality, benignant and acquisition that they simply cannot find anyplace else. Jim volition archer you much astir FullBeauty's history, but they besides lick this issue. They lick this contented by gathering connected a concern that has been dedicated to serving plus-size women and Big + Tall men since 1901. Their company's travel has been marked by transformation, improvement and purpose, adapting to caller technology, platforms and lawsuit behaviors. FullBeauty contiguous provides an unparalleled acceptable and acquisition with each merchandise meticulously crafted to cater to the customers' needs.