Duluth Holdings backs FY24 adjusted EPS view (22c), consensus (33c)

Backs FY24 revenue view $640M, consensus $633.41M. Backs FY24 adjusted EBITDA view $39M. Sato concluded, “From a longer-term structural update, we have successfully moved into phase two of our fulfillment center network plan to maximize productivity and capacity. The tremendous success we are seeing with our near fully automated fulfillment center in Adairsville, Georgia, which processed 58% of total company volume during the first of half of our fiscal year, allowed for the planned exit of our Dubuque fulfillment center this October. Importantly, we will begin to realize the SG&A benefits in Q4.”