Destination xl group reports q1 loss per share $0.82

Destination xl group, inc. reports first quarter financial results.q1 loss per share $0.82.q1 sales fell 49.3 percent to $57.2 million.q1 adjusted loss per share $0.37.says furloughed entire store operations team and about 60% of corporate office employees.says eliminated 34 corporate positions permanently.says instituted temporary salary reductions ranging from 10% - 20% for management team.destination xl group - currently negotiating with store and corporate office landlords on rent abatements and deferments for april through july.destination xl group - at q1 end, had cash balance of $26.1 million, total debt of $96.5 million and remaining availability under credit facility of $16.8 million.destination xl group - comparable sales initially were down average of 70-80%, now seeing comparable sales down about 40% to last year.
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