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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 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.
Duluth Holdings reported a strong fiscal Q2 2021, with net sales rising 8.6% to $149.1 million compared to Q2 2020. Gross margin improved by 180 basis points to 54.6%.
Operating income surged 33.7% to $13.1 million, and net income reached $9 million or $0.27 per diluted share.
Management initiated their 'Big Dam Blueprint' aimed at long-term growth, targeting $1 billion in sales and improved operating margins by 2025.
Duluth Holdings Inc. (NASDAQ: DLTH) announced it will report its second quarter 2021 financial results on September 2, 2021, before market open. A conference call for analysts and investors will take place on the same day at 9:30 AM Eastern Time to discuss the results. Participants can join the live call at 844-875-6915 (domestic) or 412-317-6711 (international). The earnings release will be accessible on the company's investor relations website prior to the call.
Duluth Trading Company (NASDAQ: DLTH) announced participation in two upcoming virtual conferences: the Baird 2021 Global Consumer, Technology & Services Conference on June 9, 2021, and the Stifel 2021 Cross Sector Insight Conference on June 10, 2021. These events will feature fireside chats and one-on-one meetings, providing opportunities for engagement with investors. Duluth Trading is known for its high-quality casual and workwear, aimed at the modern, self-reliant American, and emphasizes a strong customer service ethos.
Duluth Trading Company (NASDAQ: DLTH) reported strong first-quarter results for the period ended May 2, 2021. Net sales rose by 21.4% to $133.4 million, up from $109.9 million in the previous year. Gross margin increased to 49.9% versus 47.6% last year. Operating income improved significantly, reaching $1.9 million compared to an operating loss of $(19.0) million a year earlier. The company achieved a net income of $0.5 million or $0.02 per diluted share compared to a net loss of $(15.1) million or $(0.47) per diluted share. Adjusted EBITDA also showed a turnaround at $10.1 million.
Duluth Holdings Inc. (DLTH) announces its first quarter 2021 financial results to be released before the market opens on June 3, 2021. A conference call is scheduled for the same day at 9:30 AM ET, providing an opportunity for analysts and investors to discuss the results.
Participants can join the call via a dedicated phone line or register in advance to expedite entry. Details for the live and archived webcast are also available on their investor relations website.
Duluth Holdings Inc. (NASDAQ: DLTH) has appointed Samuel M. Sato as President and CEO, effective May 3, 2021, succeeding founder Steve Schlecht, who transitions to non-executive Chairman. Sato, a retail veteran with over three decades of experience, previously led Finish Line, which reported $1.8 billion in sales in fiscal 2018. He is expected to enhance Duluth's growth with a focus on digital innovation and customer engagement. This leadership change signals a strategic shift for the company as it aims to capitalize on market opportunities.
Duluth Trading Company (NASDAQ: DLTH) reported its financial results for the fourth quarter and fiscal year ended January 31, 2021. Fourth-quarter net sales fell 1.4% to $256 million, while net income dropped 10.7% to $21.8 million, or $0.67 per diluted share. The fiscal year showed a 3.8% increase in net sales to $638.8 million. However, gross margin decreased to 51.9%. The company anticipates fiscal 2021 net sales between $680 million and $700 million and adjusted EBITDA between $66 million and $70 million, indicating a cautiously optimistic outlook.
Duluth Holdings Inc. (NASDAQ: DLTH) will announce its fourth quarter and fiscal year 2020 financial results on March 18, 2021, before market opening. A conference call is scheduled for the same day at 9:30 am ET for analysts and investors to discuss these results. The call can be accessed via phone or web, and a replay will be available until April 1, 2021. Duluth Trading, based in Mount Horeb, Wisconsin, specializes in casual and workwear for self-reliant consumers, ensuring quality and customer satisfaction through its unique service approach.
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.
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