Destination XL Experiences 6% Drop in Q4 Sales Amid GLP-1 Usage Volatility
ByAinvest
Saturday, Mar 21, 2026 7:52 am ET1min read
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Destination XL's Q4 total sales dropped 6% YoY to $112.1 million, with comparable sales decreasing 7.3%. Net loss increased to $29.6 million from $1.3 million last year. CEO Harvey Kanter attributed the decline to the "volatility" of GLP-1 usage among customers, which he believes may impact up to 25% of customers. The company expects its merger with FullBeauty Brands to close in Q2 2026.
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