Key Insights

• Destination XL Group's Annual General Meeting to take place on 8th of August

• CEO Harvey Kanter's total compensation includes salary of US$866.3k

• The total compensation is 359% higher than the average for the industry

• Destination XL Group's three-year loss to shareholders was 24% while its EPS grew by 9.1% over the past three years

Shareholders of Destination XL Group, Inc. (NASDAQ:DXLG) will have been dismayed by the negative share price return over the last three years. However, what is unusual is that EPS growth has been positive, suggesting that the share price has diverged from fundamentals. These are some of the concerns that shareholders may want to bring up at the next AGM held on 8th of August. They could also influence management through voting on resolutions such as executive remuneration. Here's our take on why we think shareholders may want to be cautious of approving a raise for the CEO at the moment.

See our latest analysis for Destination XL Group

How Does Total Compensation For Harvey Kanter Compare With Other Companies In The Industry?

According to our data, Destination XL Group, Inc. has a market capitalization of US$217m, and paid its CEO total annual compensation worth US$6.0m over the year to February 2024. That's a notable increase of 41% on last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$866k.

For comparison, other companies in the American Specialty Retail industry with market capitalizations ranging between US$100m and US$400m had a median total CEO compensation of US$1.3m. This suggests that Harvey Kanter is paid more than the median for the industry. Moreover, Harvey Kanter also holds US$1.6m worth of Destination XL Group stock directly under their own name.

Speaking on an industry level, nearly 16% of total compensation represents salary, while the remainder of 84% is other remuneration. Our data reveals that Destination XL Group allocates salary more or less in line with the wider market. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

A Look at Destination XL Group, Inc.'s Growth Numbers

Over the past three years, Destination XL Group, Inc. has seen its earnings per share (EPS) grow by 9.1% per year. Its revenue is down 5.8% over the previous year.

We generally like to see a little revenue growth, but it is good to see a modest EPS growth at least. These two metrics are moving in different directions, so while it's hard to be confident judging performance, we think the stock is worth watching. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.