Duluth Holdings, Inc. Class B Stock News

Duluth Holdings Inc. reported a poor Q3 2024 with sales down 8% and inventories up 30% YoY, signaling heavy clearance expected in Q4. The company's financial condition is deteriorating, with increasing debt and payables, and no signs of a successful turnaround. Despite some improvements in gross margins, operational losses widened to $16.4 million from $12.5 million in Q3 2023.

Duluth Holdings Inc. (NASDAQ:DLTH ) Q3 2024 Earnings Conference Call December 5, 2024 9:30 AM ET Company Participants Nitza McKee - Senior Associate, IR, ICR Sam Sato - President and Chief Executive Officer Heena Agrawal - Senior Vice President and Chief Financial Officer Conference Call Participants Dylan Carden - William Blair Operator Good morning, and welcome to Duluth Trading's Third Quart...

Benefiting from our product and sourcing initiatives, gross margin expands 210 basis points to 52.3% Strong financial position with approximately $165 million of liquidity MOUNT HOREB, Wis., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men's and women's workwear, casual wear, outdoor...

MOUNT HOREB, Wis., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men's and women's casual wear, workwear and accessories, today announced that it will report third quarter 2024 financial results before market on Thursday, December 5, 2024.

Duluth Trading's Q2 results were well received by the market with a nearly 20% jump in the share price. Fundamentally, there are still some macro and potential market share headwinds, but there are a number of positives like growing DTC sales and structurally improved margins, which should grow further. Today's valuation largely values Duluth as a declining business, so just the slightest bit o...

Duluth's 2Q24 results were in line, with a 1.8% YoY sales growth, but ongoing issues with inventory and assortment management persist. Despite positive sales growth, the stock remains a hold due to unchanged fundamentals and potential challenges in 3Q24, including high inventory clearance and seasonal cash requirements. SG&A showed some improvement excluding non-recurring expenses, but overall ...

Duluth Holdings Inc. (NASDAQ:DLTH ) Q2 2024 Earnings Conference Call August 29, 2024 9:30 AM ET Company Participants Nitza McKee - Investor Relations Sam Sato - President & Chief Executive Officer Heena Agrawal - Senior Vice President & Chief Financial Officer Conference Call Participants Janine Stichter - BTIG Jonathan Komp - Baird Dylan Carden - William Blair Operator Good morning, and welcom...

Year-over-year net sales growth of 1.8% to $141.6 million Benefiting from our product and sourcing initiatives, gross margin expands 90 basis points to 52.3% Strong financial position with no debt and approximately $210 million of liquidity Reaffirmed Fiscal 2024 outlook excluding restructuring expense and sales tax expense accrual MOUNT HOREB, Wis., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Duluth Hol...