Welcome to our dedicated page for Duluth Holdings news (Ticker: DLTH), a resource for investors and traders seeking the latest updates and insights on Duluth Holdings stock.
Duluth Holdings Inc. (DLTH) delivers innovative workwear and casual apparel through its Duluth Trading Company subsidiary. This news hub provides investors and industry observers with official updates and analysis on corporate developments shaping the apparel sector.
Access timely reports on earnings announcements, product line expansions, and operational milestones. Our curated collection features press releases detailing retail strategies, e-commerce initiatives, and durability-focused design innovations central to DLTH's market position.
Key updates include quarterly financial results, leadership changes, store openings, and patented fabric technology advancements. Track the company's progress in blending functional clothing solutions with distinctive brand storytelling across digital and physical retail channels.
Bookmark this page for streamlined access to verified information about Duluth Holdings' performance in the competitive apparel landscape. Check regularly for updates on inventory management developments, customer experience enhancements, and industry partnerships.
Duluth Trading Company announced its Q1 FY2024 financial results, with net sales of $116.7 million, reflecting a 5.7% decline year-over-year. The company reported a net loss of $7.9 million and an Adjusted EBITDA of $1.8 million. Despite the decline, inventory composition is healthy, and liquidity stands at $196 million. Direct-to-consumer sales decreased by 5.1%, and retail store sales fell by 6.8%, driven by lower traffic but mitigated by strong conversion rates. Gross profit fell to $61.6 million, or 52.8% of net sales. Selling, general, and administrative expenses increased slightly to $70.6 million. For fiscal 2024, Duluth projects net sales of $640 million, Adjusted EBITDA of $39 million, and an EPS of approximately ($0.22) per diluted share.
Duluth Trading Company (NASDAQ: DLTH) will release its first quarter 2024 financial results on May 30, 2024, before the market opens. The company will host a conference call and audio webcast at 9:30 am Eastern Time on the same day to discuss the results. Investors can participate in the live conference call by dialing 1-844-875-6915 (domestic) or 1-412-317-6711 (international). A replay of the call will be available until June 6, 2024, using access code 9827649. Additionally, a live and archived webcast of the call will be accessible on the company's investor relations website. Pre-registration for expedited entry into the call is available.
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