Duluth Holdings Inc. (DLTH) Misses Q3 EPS by 9c, provies guidance

Duluth Holdings Inc. (NASDAQ: DLTH) reported Q3 EPS of ($0.41), $0.09 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $127.1 million versus the consensus estimate of $134.94 million.

GUIDANCE:

Duluth Holdings Inc. sees FY2024 revenue of $640 million, versus the consensus of $640.2 million.
Full year gross margin reduction of approximately 125 basis points versus prior year
SG&A expenses, excluding the sales tax contingency, to deleverage by approximately 80 bps versus prior year
Capital expenditures, inclusive of software hosting implementation costs, of approximately $23 million

For earnings history and earnings-related data on Duluth Holdings Inc. (DLTH) click here.

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