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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 that its CEO Sam Sato and CFO Dave Loretta will participate in the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 8:35 AM ET. The event will include a fireside chat and a live audio webcast available on the company's investor website. Duluth Trading specializes in casual wear and workwear for men and women, highlighting quality and customer engagement, supported by their unique marketing strategies and customer service promises.
Duluth Trading Company (NASDAQ: DLTH) reported a net sales decrease of 7.9% in Q1 2022, totaling $122.9 million compared to $133.4 million last year. Despite this decline, the gross margin improved by 470 basis points to 54.6%. The company recorded a net loss of $1.3 million or $0.04 per diluted share, down from a profit of $0.5 million. Adjusted EBITDA was $7.9 million, representing 6.4% of net sales. Duluth reaffirmed its fiscal 2022 outlook, projecting net sales between $730 million and $755 million.
Duluth Holdings Inc. (NASDAQ: DLTH) announced it will report its first quarter 2022 financial results on June 2, 2022, before market opening. A conference call will take place on the same day at 9:30 AM ET for analysts and investors to discuss the results. Interested participants can join the call via a domestic or international number, with replay options available until June 9, 2022. Duluth Trading is known for its lifestyle brand focused on high-quality casual and workwear for self-reliant individuals.
Duluth Trading Company (NASDAQ: DLTH) reported a 9.4% increase in net sales for the fiscal year 2021, reaching $698.6 million, with a diluted EPS of $0.90, up 117% from 2020. The fourth quarter saw a 5.8% increase in net sales to $270.8 million and a diluted EPS of $0.53. Gross margin improved to 54.0% for the year. However, operating income dropped by 20.6% in Q4. Duluth Trading anticipates net sales between $730 million and $755 million for FY2022, with a projected diluted EPS of $0.93 to $1.02.
Duluth Holdings Inc. (DLTH) has announced it will release its fourth quarter 2021 financial results before the market opens on March 10, 2022. A conference call is scheduled for the same day at 9:30 am ET, providing a platform for analysts and investors to discuss the results. The call can be accessed via a domestic line at 844-875-6915 or internationally at 412-317-6711, with a replay available until March 17, 2022. Duluth Trading focuses on quality lifestyle and workwear products, appealing to active consumers through engaging marketing and a commitment to customer service.
Duluth Trading Company announced a 6.4% increase in net sales for the 2021 Holiday Period, totaling $224.3 million compared to $210.9 million in 2020. Retail sales surged by 37.8% to $79.0 million, though direct sales fell by 5.4% to $145.3 million. The company reaffirmed its fiscal 2021 outlook, projecting net sales between $700 million and $715 million and adjusted EBITDA of $73 million to $75 million.
Duluth Holdings Inc. (NASDAQ: DLTH) announces participation in the 2022 ICR Conference. Sam Sato (CEO), Dave Loretta (CFO), and Ricker Schlecht (SVP) will present on January 11, 2022, at 8:30 A.M. ET. A live audio webcast will be available on the company’s investor website, with a replay offered post-event. Duluth Trading is known for its casual and workwear for men and women, emphasizing quality and customer service through its unique marketing approach.
Duluth Trading Company (NASDAQ: DLTH) reported a net sales increase of 7.2% to $145.3 million in Q3 2021 compared to Q3 2020, and 21.3% compared to Q3 2019. Gross margin reached 57.6%, improving by 520 basis points. The company raised its full-year EPS outlook to $0.81 to $0.86. Operating income rose to $4.9 million, up from $2.9 million last year, while net income increased to $2.8 million, or $0.09 per diluted share. Direct-to-consumer sales dipped 1.4%, but retail store sales surged 22.3%.
Duluth Holdings Inc. (DLTH) announced that it will report its third quarter 2021 financial results before market on Thursday, December 2, 2021. A conference call for analysts and investors is scheduled for the same day at 9:30 AM Eastern Time, where the company will discuss the results and answer questions.
Investors can join the live call by calling 844-875-6915 (domestic) or 412-317-6711 (international). Replay access for the call will be available until December 9, 2021.
Duluth Holdings Inc. (NASDAQ: DLTH) has officially opened its 66th store in Cherry Hill, New Jersey, marking its second location in the Philadelphia metro area. The grand opening comes just in time for the holiday shopping season, with the new store designed to enhance customer shopping experiences through in-store, curbside, and online options. CEO Sam Sato expressed enthusiasm for the opening, emphasizing a refreshed floor plan and a commitment to outstanding customer service. Duluth Trading continues to cater to a hands-on lifestyle with its quality casual and workwear products.
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