Welcome to our dedicated page for Duluth Holdings Class B news (Ticker: DLTH), a resource for investors and traders seeking the latest updates and insights on Duluth Holdings Class B stock.
Duluth Holdings Inc. (NASDAQ: DLTH), commonly known as Duluth Trading Company, is a distinctive lifestyle brand rooted in the heart of Mount Horeb, Wisconsin. The company specializes in the design, development, and sale of high-quality casual wear, workwear, outdoor apparel, and accessories for both men and women. Renowned for a unique blend of humor and practicality, Duluth Trading offers innovative products like Ballroom® Jeans, which provide unparalleled comfort with their crouch-friendly design, Buck Naked™ Underwear, and the iconic Longtail T® shirts that address common wardrobe malfunctions like plumber's butt.
Since its founding in 1989, Duluth Trading has expanded rapidly, operating through a thoughtful combination of online sales, catalog distribution, and an extensive network of retail stores across the Midwest and beyond. The company’s product portfolio boasts a variety of brands including Alaskan Hardgear, Armachillo, Dry on the Fly, Wild Boar Mocs, and many more, which contribute to its diverse revenue stream spanning apparel, footwear, and hard goods.
In recent developments, Duluth Trading has demonstrated a strong commitment to innovation and operational efficiency. The brand recently celebrated the launch of a new highly automated fulfillment center in Adairsville, Georgia, designed to enhance customer experience with faster shipping times. This strategic investment is part of Duluth Trading’s broader vision, termed the Big Dam Blueprint, aimed at bolstering supply chain capabilities and supporting long-term profitable growth.
Despite a challenging retail environment marked by fluctuating consumer preferences and economic uncertainties, Duluth Trading continues to thrive. Recent achievements include a 40% sales increase in their spring Garden, Landscaping and Planting collection and a 30% boost in their AKHG sub-brand for women, underscoring the ongoing consumer shift towards outdoor recreation. Financially, Duluth Trading maintains a solid position with significant cash reserves, no outstanding bank debt, and a disciplined approach to inventory management.
The company’s marketing strategy remains a cornerstone of its success, leveraging humor and storytelling to forge strong emotional connections with customers. Duluth Trading's
Duluth Trading Company (NASDAQ: DLTH) announced the retirement of Thomas G. Folliard from its Board of Directors, effective after the 2023 Annual Meeting of Shareholders. Folliard, 78, has been associated with the company for nearly three decades and has served on the Board since September 2015. Both Chairman Stephen L. Schlecht and President Sam Sato acknowledged Folliard's significant contributions and leadership during his tenure. Folliard stated his decision was purely personal and not related to any disagreements with the company.
Duluth Trading Company (NASDAQ: DLTH) has announced it will release its fourth quarter 2022 financial results on March 9, 2023, prior to market opening. A conference call to discuss the results will occur on the same day at 9:30 AM ET, allowing analysts and investors to engage directly with company representatives. Interested attendees can join the call live or access a replay until March 16, 2023. The company promotes its high-quality, solution-based apparel and accessories aimed at the self-reliant American lifestyle and emphasizes its customer service commitment through the 'No Bull Guarantee.'
Duluth Trading Company (DLTH) reported net sales of $198.2 million for the holiday period, down from $224.3 million in the previous year. Direct sales were $127.0 million, down from $145.3 million, while retail sales fell to $71.2 million from $79.0 million. CEO Sam Sato expressed optimism about the brand's growth, particularly in the AKHG segment, despite a challenging consumer landscape. The company's inventory position is improving compared to the previous year. Duluth will present at the ICR Conference on January 10, 2023.
Duluth Trading Company (NASDAQ: DLTH) announced that Sam Sato, CEO, and Dave Loretta, CFO, will present at the 2023 ICR Conference in Orlando, FL, on January 10, 2023, at 2:00 PM ET. The presentation will be accessible through a live audio webcast on the company's investor relations website. Duluth Trading is recognized for offering high-quality workwear and casual apparel, combining functionality with unique marketing strategies that engage customers through humor and storytelling.
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.
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