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 (NASDAQ: DLTH) reported a 13.2% increase in net sales to $135.5 million for Q3 ended November 1, 2020, driven by a 40.3% rise in direct-to-consumer sales. While retail store sales dropped 15.5%, operating income rose to $2.8 million, up from $1.3 million year-over-year. Net income improved to $0.9 million, or $0.03 per diluted share, compared to $0.2 million, or $0.01. Adjusted EBITDA surged 57.4% to $11.4 million. The company reduced capital spending forecasts due to COVID-19 uncertainties.
Duluth Trading Company (NASDAQ: DLTH) will announce its third quarter fiscal 2020 financial results on December 3, 2020, before market opening. An investor conference call will take place the same day at 9:30 AM ET to discuss results and answer questions. Interested parties can access the live call at 844-875-6915 (domestic) or 412-317-6711 (international), with a replay available until December 17, 2020. The earnings release will be available on their investor relations website.
Duluth Holdings reported a 12.6% increase in net sales for Q2 2020, reaching $137.4 million, driven by a 66.9% rise in direct-to-consumer sales. However, retail store sales fell 40.4% due to COVID-19 impacts. Gross margin decreased slightly to 52.8% from 53.1% the previous year. Operating income rose to $9.8 million from $3.7 million, and net income increased to $5.9 million or $0.18 per share. The company cited digital marketing success and e-commerce growth as key factors, but remains cautious about future guidance due to pandemic uncertainty.
Duluth Holdings Inc. (NASDAQ: DLTH) announces the grand opening of its 64th store in Orland Park, Illinois, enhancing accessibility for customers in the Chicago metro area. The new store is located at 29 Orland Square Drive, providing a convenient shopping destination alongside existing locations. CEO Steve Schlecht highlighted the excitement of offering three shopping formats: in-store, curbside, and online. Duluth Trading continues to focus on solution-based apparel for active lifestyles and emphasizes customer service through its 'No Bull Guarantee.'
Duluth Trading Company (NASDAQ: DLTH) will report its second quarter fiscal year 2020 financial results on September 3, 2020, before market open. A conference call will follow at 9:30 AM ET for analysts and investors to discuss the results. The call can be joined via phone or through a webcast. Investors are encouraged to pre-register for expedited access. Duluth Trading focuses on high-quality casual wear and workwear for a hands-on lifestyle, emphasizing customer satisfaction with a 'No Bull Guarantee.'
Duluth Trading Company (NASDAQ: DLTH) announced the opening of its 63rd store in Springfield, Oregon, located at 3320 Gateway Street. This new store marks the second location in Oregon, catering to the Eugene metro area. The store offers shopping through multiple channels: in-store, curbside, and online, providing local customers access to Duluth Trading's solution-based apparel. Executive Chairman and CEO Steve Schlecht expressed enthusiasm for serving brand fans in the region. Duluth Trading is known for its high-quality casual and workwear for self-reliant individuals.
Duluth Trading Company (NASDAQ: DLTH) announced that CFO Dave Loretta will participate in the Stifel 2020 Virtual Cross Sector Insight Conference on June 9, 2020, at 1:20 PM ET. A live audio webcast of the discussion will be available on the company’s investor website, with a replay accessible afterwards. Duluth Trading is known for its high-quality casual and workwear for both men and women, emphasizing solution-based products and excellent customer service through its unique marketing approach and 'No Bull Guarantee.'
Duluth Trading Company (DLTH) reported Q1 fiscal results, revealing a 3.8% decline in net sales to $109.9 million, primarily due to a 51.8% drop in retail store sales owing to COVID-19 closures. Meanwhile, website and catalog sales surged 31.7%, with a notable 69.0% increase during store closures. The company faced an operating loss of $19.0 million and a net loss of $15.1 million per diluted share. Despite challenges, total net sales for April exceeded last year by 5.3%. The company plans to cut capital expenditures by 50% for the fiscal year.
Duluth Holdings (NASDAQ: DLTH) announced the reopening of 20 retail stores in areas with lifted COVID-19 restrictions. The company has increased its credit line to $150 million and partnered with the American Red Cross to donate 5% of proceeds from key apparel items through May 31, 2020. Duluth Trading also launched a new women's campaign focusing on empowering stories of women. Financial measures include cost reductions and an improved liquidity position with $85 million on its line of credit, $7 million in cash, and $20.5 million accessible via a delayed draw term loan.