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Duluth Holdings (DLTH)
NASDAQ:DLTH
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
$0.21Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 05, 2024
|% Change Since: -12.63%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance for Duluth Holdings. There are notable achievements in specific product segments and operational efficiencies, but these are offset by a decline in overall sales, profit margins, and an increase in net loss. The company is taking strategic actions to rectify these issues, but challenges remain, especially in consumer sensitivity to pricing.Company Guidance
During the Duluth Holdings Inc. earnings call for the third quarter of fiscal year 2024, several key metrics and strategic updates were discussed. Total net sales for the quarter were reported at $138.2 million, marking a 6.1% decline compared to the previous year. The retail channel experienced a sales drop of 8.8%, while the direct channel decreased by 4.4%, with conversion rates on mobile devices up by 80 basis points. The company's gross profit margin stood at 50.2%, down from 52.3% the prior year. Despite these challenges, Duluth saw triple-digit growth in its Heirloom Garden Collection and a 50% increase in women's bras sales. Inventory levels were down by 15% year-over-year, with clearance inventory decreasing by over 30%. Looking ahead, Duluth adjusted its full-year guidance, projecting net sales between $640 million and $655 million and an EPS range of negative $0.25 to negative $0.15. The company emphasized strategic initiatives, including their new fulfillment center in Adairsville, Georgia, which is expected to process up to 60% of online orders, and the hiring of a new Vice President of Sourcing to drive product innovation and cost efficiencies.Heirloom Garden Collection Growth
The Heirloom Garden Collection posted triple-digit growth in the quarter over last year, and the Heirloom Gardening Bib became a significant customer acquisition driver.
Women's Bras and Apparel Success
Women's bras saw a year-over-year growth of 50%, and the Armachillo TeeLUXE bra became the #1 style.
Inventory Management Success
Inventory levels are 15% below last year with a 30% decrease in clearance inventory, reflecting efficient management.
Operational Efficiency Improvements
The new fulfillment center in Adairsville reduced costs per unit by over 50% compared to legacy centers.
Black Friday to Cyber Monday Sales Improvement
There was a solid improvement in business trends during the Black Friday through Cyber Monday period.
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DLTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DLTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 05, 2024 | $3.72 | $3.41 | -8.33% |
| Aug 29, 2024 | $3.23 | $3.84 | +18.89% |
| May 30, 2024 | $4.02 | $3.96 | -1.49% |
| Mar 07, 2024 | $4.40 | $4.44 | +0.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Duluth Holdings (DLTH) report earnings?
Duluth Holdings (DLTH) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Duluth Holdings (DLTH) earnings time?
Duluth Holdings (DLTH) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DLTH EPS forecast?
DLTH EPS forecast for the fiscal quarter 2024 (Q4) is $0.11.
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