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. does business as Duluth Trading Company, a lifestyle brand selling men’s and women’s casual wear, workwear and accessories through its website, catalogs and retail stores. Company news commonly centers on quarterly and annual financial results, gross margin trends, promotional activity, inventory discipline, SG&A leverage and cash-flow measures used by management.
Updates also cover Duluth Trading’s omnichannel retail footprint, including new store openings, and its focus on durable, solution-based apparel and gear for hands-on customers. Product and operating commentary often references assortment priorities, direct-to-factory sourcing, tariff effects and efforts to strengthen the customer base around the brand’s core apparel categories.
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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