$DXLG

DESIGNS INC

CIK:0000813298|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Sales	$ 111,556	$ 115,505	$ 214,891	$ 221,038
Cost of goods sold including occupancy costs	58,146	63,322	115,729	121,273
Gross profit	53,410	52,183	99,162	99,765
Expenses:
Selling, general and administrative	45,732	47,506	92,214	94,886
Transaction-related costs	1,766	98	3,007	161
Depreciation and amortization	3,974	3,876	7,942	7,512
Total expenses	51,472	51,480	103,163	102,559
Operating income (loss)	1,938	703	(4,001)	(2,794)
Interest income, net	78	200	140	484
Income (loss) before provision (benefit) for income taxes	2,016	903	(3,861)	(2,310)
Provision (benefit) for income taxes	(33)	1,168	29	(106)
Net income (loss)	$ 2,049	$ (265)	$ (3,890)	$ (2,204)
Net income (loss) per share - basic	$ 0.04	$ (0)	$ (0.07)	$ (0.04)
Net income (loss) per share - diluted	$ 0.04	$ (0)	$ (0.07)	$ (0.04)
Weighted-average number of common shares outstanding:
Basic	55,271	53,816	55,094	53,708
Diluted	56,296	53,816	55,094	53,708

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Cash flows from operating activities:
Net loss	$ (3,890)	$ (2,204)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Amortization and writeoff of deferred debt issuance costs	37	39
Depreciation and amortization	7,942	7,512
Deferred taxes, net of valuation allowance	0	(153)
Stock compensation expense, net of forfeitures	106	684
Board of directors' stock compensation	283	256
Changes in operating assets and liabilities:
Accounts receivable	223	917
Inventories	(1,987)	(3,405)
Prepaid expenses and other current assets	(1,993)	(2,653)
Other assets	0	(24)
Accounts payable	(26)	79
Operating leases, net	276	591
Accrued expenses and other liabilities	(3,743)	(3,753)
Net cash used for operating activities	(2,772)	(2,114)
Cash flows from investing activities:
Additions to property and equipment, net	(5,954)	(12,099)
Purchase of short-term investments	0	(5,005)
Maturity of short-term investments	1,999	21,502
Net cash provided by (used for) investing activities	(3,955)	4,398
Cash flows from financing activities:
Proceeds from the exercise of stock options	0	2
Excise taxes paid on repurchase of common stock	0	(123)
Tax withholdings paid related to net share settlements	(58)	(49)
Net cash used for financing activities	(58)	(170)
Net increase (decrease) in cash and cash equivalents	(6,785)	2,114
Cash and cash equivalents:
Beginning of period	23,807	11,901
End of period	17,022	14,015
Supplemental Disclosures of Cash Flow Information:
Cash paid (refunded) during the period for income taxes, net	(411)	147
Cash paid during the period for interest	147	181
Non-cash activity during the period:
Capital expenditures incurred but not yet paid	$ 635	$ 2,018

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 17,022	$ 23,807
Short-term investments	3,087	5,029
Accounts receivable	1,593	1,861
Inventories	75,509	73,522
Prepaid expenses and other current assets	8,728	6,747
Total current assets	105,939	110,966
Non-current assets:
Property and equipment, net of accumulated depreciation and amortization	56,611	60,010
Operating lease right-of-use assets	191,368	194,068
Deferred income taxes, net of valuation allowance	0	0
Intangible assets	1,150	1,150
Other assets	716	753
Total assets	355,784	366,947
Current liabilities:
Accounts payable	22,915	22,941
Accrued expenses and other current liabilities	21,371	26,628
Operating leases, current	36,663	35,881
Total current liabilities	80,949	85,450
Long-term liabilities:
Operating leases, non-current	170,140	173,346
Other long-term liabilities	160	57
Total long-term liabilities	170,300	173,403
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common stock, $0.01 par value, 125,000,000 shares authorized, 81,181,625 and 80,564,948 shares issued at August 1, 2026 and January 31, 2026, respectively	812	806
Additional paid-in capital	331,353	331,028
Treasury stock at cost, 25,908,533 shares at August 1, 2026 and January 31, 2026	(143,985)	(143,985)
Accumulated deficit	(83,645)	(79,755)
Total stockholders' equity	104,535	108,094
Total liabilities and stockholders' equity	$ 355,784	$ 366,947