Duluth Holdings Stock Price, News & Analysis

Duluth Trading Company (NASDAQ: DLTH) reported Q3 2022 net sales of $147.1 million, a 1.3% increase year-over-year. The AKHG sub-brand saw a significant 44% growth, with women's sales up 10%, contributing to 32% of total sales. Adjusted EBITDA reached $1.7 million, while gross profit declined to 52.3% of net sales. Selling, general, and administrative expenses increased by 7%. The company has maintained a strong liquidity position with $200 million available. Updated guidance for fiscal 2022 suggests net sales between $650 million and $680 million.

Duluth Trading Company (NASDAQ: DLTH), based in Mount Horeb, Wisconsin, will report its third quarter 2022 financial results on December 1, 2022, before market opening. A conference call for analysts and investors will be conducted at 9:30 am Eastern Time the same day. The call can be accessed via phone or through a live audio webcast on their investor relations website. Duluth Trading specializes in high-quality casual and workwear for a hands-on lifestyle, emphasizing customer service with their 'No Bull Guarantee.'

Duluth Trading Company (NASDAQ: DLTH) reported a net sales decrease of 5.1% for Q2 2022, totaling $141.5 million, compared to $149.1 million in Q2 2021. The gross margin was 53.4%, down from 54.6% a year prior, largely due to a $1.3 million inventory write-down. Despite challenges, net income stood at $2.4 million or $0.07 per diluted share. The company updated its fiscal 2022 outlook with projected net sales of $680 million to $705 million and adjusted EBITDA of $69 million to $73 million. A conference call is scheduled for September 1, 2022.

Duluth Trading Company (NASDAQ: DLTH) will release its second quarter 2022 financial results before the market opens on September 1, 2022. A conference call for analysts and investors is scheduled for the same day at 9:30 am Eastern Time to discuss the results and address questions.

Participating in the call can be done via a domestic line at 844-875-6915 or internationally at 412-317-6711. A replay will be available until September 8, 2022, with access codes provided.

Duluth Trading Company (NASDAQ: DLTH) announced the appointment of AJ Sutera as Senior Vice President, Chief Technology Officer & Logistics, effective August 15, 2022. Sutera brings over 30 years of leadership experience, having previously worked with Signa Sports United, JD Sports Fashion, Hudson Bay Corporation, and Saks Fifth Avenue. Duluth's President and CEO, Sam Sato, expressed excitement about Sutera's expertise in technology-driven business transformation and digital platform development, emphasizing his role in advancing the company's logistics and technology capabilities.

Duluth Trading Company (NASDAQ: DLTH) has appointed Ms. Susan Riley to its Board of Directors, effective June 27, 2022. Steve Schlecht, Chairman and Founder, expressed confidence in her extensive financial and operational experience, highlighting her potential to add value to the company. Susan Riley brings over 30 years of leadership in retail and consumer products, having most recently served as Interim CEO at PJM Interconnection. She is enthusiastic about joining Duluth during a significant period of growth and aims to contribute her expertise in financial restructuring and strategic operations.

Duluth Trading Company (NASDAQ: DLTH) announced that its CEO Sam Sato and CFO Dave Loretta will participate in the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 8:35 AM ET. The event will include a fireside chat and a live audio webcast available on the company's investor website. Duluth Trading specializes in casual wear and workwear for men and women, highlighting quality and customer engagement, supported by their unique marketing strategies and customer service promises.

Duluth Trading Company (NASDAQ: DLTH) reported a net sales decrease of 7.9% in Q1 2022, totaling $122.9 million compared to $133.4 million last year. Despite this decline, the gross margin improved by 470 basis points to 54.6%. The company recorded a net loss of $1.3 million or $0.04 per diluted share, down from a profit of $0.5 million. Adjusted EBITDA was $7.9 million, representing 6.4% of net sales. Duluth reaffirmed its fiscal 2022 outlook, projecting net sales between $730 million and $755 million.

Duluth Holdings Inc. (NASDAQ: DLTH) announced it will report its first quarter 2022 financial results on June 2, 2022, before market opening. A conference call will take place on the same day at 9:30 AM ET for analysts and investors to discuss the results. Interested participants can join the call via a domestic or international number, with replay options available until June 9, 2022. Duluth Trading is known for its lifestyle brand focused on high-quality casual and workwear for self-reliant individuals.