Destination XL Group, Inc. (NASDAQ:DXLG) Q2 2024 Earnings Conference Call August 29, 2024 9:00 AM ET

Company Participants

Shelly Mokas - Vice President of Financial Reporting and SEC Compliance
Harvey Kanter - President and Chief Executive Officer
Peter Stratton - Executive Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Jeremy Hamblin - Craig-Hallum Capital Markets
Keegan Cox - D.A. Davidson

Operator

Good day everyone and welcome to the Destination XL Group, Inc. Second Quarter Fiscal 2024 Financial Results Conference Call. Today's call is being recorded.

At this time, I would like to turn the call over to Ms. Shelly Mokas, Vice President of Financial Reporting and SEC Compliance at DXL. Please go ahead, Shelly.

Shelly Mokas

Thank you, operator, and good morning, everyone. Thank you for joining us on Destination XL Group's Second Quarter Fiscal 2024 Earnings Call. On our call today are 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 is 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, long-range strategic plan and other expectations for fiscal 2024.

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. As always, I appreciate your spending time with us today regarding our earnings release and communication of our quarterly results.

For today's agenda, there are three topics I will cover. First, the current environment and our quarterly results. Second, an update on our strategic long-term initiatives and third, our expectations for the second half of the year.

Let's start with the current environment. Our customers appear to be still feeling the impact of inflationary pressures and macroeconomic uncertainty. We are seeing customers gravitate towards lower-priced goods and select promotions, signaling a consumer who is carefully choosing where and how he spends his money.