STOCK TITAN

Duluth Holdings Inc. Class B - DLTH STOCK NEWS

Welcome to our dedicated page for Duluth Holdings Class B news (Ticker: DLTH), a resource for investors and traders seeking the latest updates and insights on Duluth Holdings Class B stock.

Duluth Holdings Inc. (NASDAQ: DLTH), commonly known as Duluth Trading Company, is a distinctive lifestyle brand rooted in the heart of Mount Horeb, Wisconsin. The company specializes in the design, development, and sale of high-quality casual wear, workwear, outdoor apparel, and accessories for both men and women. Renowned for a unique blend of humor and practicality, Duluth Trading offers innovative products like Ballroom® Jeans, which provide unparalleled comfort with their crouch-friendly design, Buck Naked™ Underwear, and the iconic Longtail T® shirts that address common wardrobe malfunctions like plumber's butt.

Since its founding in 1989, Duluth Trading has expanded rapidly, operating through a thoughtful combination of online sales, catalog distribution, and an extensive network of retail stores across the Midwest and beyond. The company’s product portfolio boasts a variety of brands including Alaskan Hardgear, Armachillo, Dry on the Fly, Wild Boar Mocs, and many more, which contribute to its diverse revenue stream spanning apparel, footwear, and hard goods.

In recent developments, Duluth Trading has demonstrated a strong commitment to innovation and operational efficiency. The brand recently celebrated the launch of a new highly automated fulfillment center in Adairsville, Georgia, designed to enhance customer experience with faster shipping times. This strategic investment is part of Duluth Trading’s broader vision, termed the Big Dam Blueprint, aimed at bolstering supply chain capabilities and supporting long-term profitable growth.

Despite a challenging retail environment marked by fluctuating consumer preferences and economic uncertainties, Duluth Trading continues to thrive. Recent achievements include a 40% sales increase in their spring Garden, Landscaping and Planting collection and a 30% boost in their AKHG sub-brand for women, underscoring the ongoing consumer shift towards outdoor recreation. Financially, Duluth Trading maintains a solid position with significant cash reserves, no outstanding bank debt, and a disciplined approach to inventory management.

The company’s marketing strategy remains a cornerstone of its success, leveraging humor and storytelling to forge strong emotional connections with customers. Duluth Trading's

Rhea-AI Summary
Duluth Trading opens new fulfillment center in Georgia, using automation and robotics, to improve customer experience and create jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
none
-
Rhea-AI Summary
Duluth Trading Company announces Q2 financial results with net sales of $139.1 million. New fulfillment center in Adairsville, Georgia is operational. Updated fiscal 2023 outlook includes net sales of $645-660 million and Adjusted EBITDA of $40-42 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.48%
Tags
-
Rhea-AI Summary
Duluth Trading Company will report Q2 2023 financial results on August 31, 2023. A conference call and webcast will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.37%
Tags
conferences
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.63%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.26%
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
conferences earnings
-
Rhea-AI Summary

Duluth Trading Company (NASDAQ: DLTH) reported its financial results for the fourth quarter and fiscal year ended January 29, 2023. The company achieved net sales of $241.8 million in Q4, down 10.7% from the previous year, contributing to full-year net sales of $653.3 million, a decrease from $698.6 million in 2022. Despite the downturn, Duluth maintained a strong liquidity position with $250 million available. The diluted EPS for the fourth quarter was $0.23, and the adjusted EBITDA was $20.6 million, representing 8.6% of net sales. For fiscal 2023, Duluth expects net sales between $645 million and $660 million and adjusted EBITDA of $47 million to $49 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.22%
Tags
Rhea-AI Summary

Duluth Trading Company (NASDAQ: DLTH) announced the retirement of Thomas G. Folliard from its Board of Directors, effective after the 2023 Annual Meeting of Shareholders. Folliard, 78, has been associated with the company for nearly three decades and has served on the Board since September 2015. Both Chairman Stephen L. Schlecht and President Sam Sato acknowledged Folliard's significant contributions and leadership during his tenure. Folliard stated his decision was purely personal and not related to any disagreements with the company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none

FAQ

What is the current stock price of Duluth Holdings Class B (DLTH)?

The current stock price of Duluth Holdings Class B (DLTH) is $3.67 as of October 7, 2024.

What is the market cap of Duluth Holdings Class B (DLTH)?

The market cap of Duluth Holdings Class B (DLTH) is approximately 128.9M.

What does Duluth Holdings Inc. specialize in?

Duluth Holdings Inc., known as Duluth Trading Company, specializes in high-quality casual wear, workwear, outdoor apparel, and accessories for both men and women.

What are some of Duluth Trading's popular products?

Some of Duluth Trading's popular products include Ballroom® Jeans, Buck Naked™ Underwear, and Longtail T® shirts.

Where is Duluth Trading Company headquartered?

Duluth Trading Company is headquartered in Mount Horeb, Wisconsin.

How does Duluth Trading Company sell its products?

Duluth Trading Company sells its products through its website, catalogs, and retail stores across the Midwest and beyond.

What recent strategic initiatives has Duluth Trading undertaken?

Duluth Trading recently launched a highly automated fulfillment center in Adairsville, Georgia, as part of its Big Dam Blueprint to enhance supply chain capabilities.

How has Duluth Trading Company performed financially recently?

Duluth Trading has maintained strong financial health with significant cash reserves, no outstanding bank debt, and disciplined inventory management.

What is the Big Dam Blueprint?

The Big Dam Blueprint is Duluth Trading's strategic vision focused on enhancing supply chain capabilities and supporting long-term profitable growth.

What is unique about Duluth Trading's marketing strategy?

Duluth Trading's marketing strategy leverages humor and storytelling to create a strong emotional connection with customers, making their campaigns memorable and engaging.

What are Duluth Trading's plans for future growth?

Duluth Trading plans to focus on product innovation, operational excellence, and expanding its market reach to sustain its growth trajectory.

What is the No Bull Guarantee?

The No Bull Guarantee is Duluth Trading's commitment to outstanding customer service, ensuring that if something isn't right, they will fix it.

Duluth Holdings Inc. Class B

Nasdaq:DLTH

DLTH Rankings

DLTH Stock Data

128.93M
31.67M
56.78%
27.97%
2.2%
Apparel Retail
Retail-apparel & Accessory Stores
Link
United States of America
MOUNT HOREB