Duluth Holdings Inc. Class B - DLTH STOCK NEWS

Duluth Holdings Inc. (NASDAQ: DLTH) announced its Q2 2024 financial results, reporting net sales growth of 1.8% to $141.6 million. The company's gross margin expanded by 90 basis points to 52.3%, benefiting from product and sourcing initiatives. Duluth Trading reported a net loss of $3.7 million and an adjusted net loss of $0.6 million, excluding restructuring expenses and a non-recurring sales tax expense accrual.

Key highlights include:

• EPS per diluted share of ($0.11); Adjusted EPS of ($0.02)
• Adjusted EBITDA increased by $2.0 million to $10.6 million
• Strong financial position with no debt and approximately $210 million of liquidity

The company reaffirmed its Fiscal 2024 outlook, excluding restructuring expense and sales tax expense accrual, projecting net sales of approximately $640 million and Adjusted EPS of ($0.22) per diluted share.

Duluth Holdings Inc. (NASDAQ: DLTH), operating as Duluth Trading Company, has announced its plans to release second quarter 2024 financial results on Thursday, August 29, 2024, before the market opens. The company, known for its lifestyle brand of casual wear, workwear, and accessories, will host a conference call and audio webcast at 9:30 am Eastern Time on the same day to discuss the results and answer questions from analysts and investors.

Interested parties can access the live conference call using the following numbers: 1-844-875-6915 (domestic) or 1-412-317-6711 (international). A replay will be available until September 5, 2024. The webcast will be accessible at ir.duluthtrading.com. To expedite entry, investors can pre-register at a provided link to receive a personalized phone number and pin for the call.

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.

Duluth Holdings Inc. reports a 1.6% increase in fourth-quarter net sales to $245.6 million with diluted EPS of $0.21. The women's business showed strong growth, with a 12% increase. The company maintains a healthy financial position with $232.2 million in liquidity.

Duluth Holdings Inc. (DLTH) is set to release its fourth quarter 2023 financial results on March 7, 2024. The company will host a conference call and webcast to discuss the results with analysts and investors. Investors can pre-register to expedite entry into the call.

Duluth Holdings Inc. announced an inducement grant of 94,000 shares of restricted stock to Ms. Heena Agrawal, the new Senior Vice President and Chief Financial Officer. The grant vests in two tranches and is subject to specific conditions. The grant was made outside the company's Equity Incentive Plan and approved by the Board of Directors.

Duluth Trading Company appoints Heena Agrawal as Senior Vice President and Chief Financial Officer, effective February 12, 2024. Ms. Agrawal brings over 20 years of finance and leadership experience from companies like Procter & Gamble, Walgreens, and Kontoor Brands. Her track record includes growing businesses, delivering acquisition synergies, and driving profitability through pricing and productivity efficiencies. Duluth's President and CEO, Sam Sato, expressed excitement about Ms. Agrawal's appointment, emphasizing her crucial role in the company's long-range plans. Ms. Agrawal also expressed her enthusiasm for joining the Duluth executive team and leveraging her experience to drive the company's next phase of growth profitably.

Duluth Holdings Inc. (DLTH) announced its financial results for the fiscal third quarter ended October 29, 2023. The company reported net sales of $138.2 million, a decrease from the previous year. Adjusted EBITDA was ($1.6) million. The company's updated fiscal 2023 outlook includes net sales in the range of $640 million to $655 million, Adjusted EBITDA in the range of $35 million to $39 million, and EPS in the range of ($0.25) to ($0.15) per diluted share.