Destination XL Group, Inc. (NASDAQ:DXLG) Q2 2022 Earnings Conference Call August 25, 2022 9:00 AM ET

Company Participants

Shelly Mokas - VP, SEC and Financial Reporting

Harvey Kanter - President and CEO

Peter Stratton - CFO

Conference Call Participants

Michael Baker - D.A. Davidson

Operator

Good day, and thank you for standing by. Welcome to the Second Quarter 2022 Destination XL Group Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Shelly Mokas, Vice President of SEC and Financial Reporting. Please go ahead.

Shelly Mokas

Thank you, Liz. Good morning, everyone. Thank you for joining us on Destination XL Group's second quarter fiscal 2022 earnings call. On our call today is our President and Chief Executive Officer, Harvey Kanter; and our Chief Financial Officer, Peter Stratton.

During today's call, we will discuss some non-GAAP metrics to provide investors with useful information about our financial performance. Please refer to our earnings release, which was filed this morning and is available on our Investor Relations website at investor.dxl.com for an explanation and reconciliation of such measures.

Today's discussion also contains certain forward-looking statements concerning the company's sales and earnings guidance and other expectations for fiscal 2022. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those assumptions mentioned today due to a variety of factors that affect the company. Information regarding risks and uncertainties is detailed in the company's filings with the Securities and Exchange Commission.

I would now like to turn the call over to our CEO, Harvey Kanter. Harvey?

Harvey Kanter

Thank you, Shelly, and good morning, everyone.

I appreciate the opportunity to speak with you all about our business and our outlook for the second half of 2022. My hope is that on today's call, you'll hear a message of consistency, consistency driven by a commitment to our strategic vision, consistency in executing our DXL brand repositioning and also consistency in the results that we are delivering despite the volatility and uncertainty that exist in today's market and retail landscape.

As such, we are pleased with our performance in the second quarter. Sales and earnings surpassed our internal expectations Inventory is in line with forecast and more big and tall consumers are discovering DXL for the first time ever.

To accomplish these results, we continue to drive the strategic initiatives we outlined at the onset of 2022, all of which ladder up to the company's mission, vision and the overall transformational journey we began back together in 2019.