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 (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.
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.
Duluth Trading Company (NASDAQ: DLTH) has announced it will release its fourth quarter 2022 financial results on March 9, 2023, prior to market opening. A conference call to discuss the results will occur on the same day at 9:30 AM ET, allowing analysts and investors to engage directly with company representatives. Interested attendees can join the call live or access a replay until March 16, 2023. The company promotes its high-quality, solution-based apparel and accessories aimed at the self-reliant American lifestyle and emphasizes its customer service commitment through the 'No Bull Guarantee.'
Duluth Trading Company (DLTH) reported net sales of $198.2 million for the holiday period, down from $224.3 million in the previous year. Direct sales were $127.0 million, down from $145.3 million, while retail sales fell to $71.2 million from $79.0 million. CEO Sam Sato expressed optimism about the brand's growth, particularly in the AKHG segment, despite a challenging consumer landscape. The company's inventory position is improving compared to the previous year. Duluth will present at the ICR Conference on January 10, 2023.
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