Duluth Holdings Inc. Announces Second Quarter Fiscal 2018 Financial Results
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Duluth Holdings Inc. (DLTH) Tops Q2 EPS by 6c, Revenues Beat; Affirms FY19 EPS/Revenue Outlook
September 5, 2018 9:02 AM EDTDuluth Holdings Inc. (NASDAQ: DLTH) reported Q2 EPS of $0.20, $0.06 better than the analyst estimate of $0.14. Revenue for the quarter came in at $110.7 million versus the consensus estimate of $106.56 million.
Net sales increased 28.3% to $110.7 million compared to $86.2 million in the prior-year second quarterGross margin decreased 50 basis points to 56.2% compared to 56.7% in the prior-year second quarterOperating income increased 33.9% to $9.9 million compared to operating income of $7.4 million in the prior-year second quarterNet income increased 48.9% to $6.4 million, or $0.20 per diluted share compared to net income of $4.3 million, or $0.13 per diluted share in the prior-year second... More