Q4 net sales up 1.6% to $245.6M, EPS $0.21; FY2024 guidance below prior year

DULUTH HOLDINGS INC.

2023-FY EPS reported -$0.28 revenue$646,681,000

Q4 net sales $245.6M (+1.6%); net income $7.0M; diluted EPS $0.21 vs $0.22 last year.
Full year net sales $646.7M (-1%); net loss ($9.4M); diluted EPS ($0.28).
Women's apparel grew 12.4% in Q4; direct-to-consumer +8.9%, retail stores -12.2%.
FY2024 guidance: net sales $640-660M, adjusted EBITDA $39-45M, diluted EPS ($0.22)-($0.07).
Ended Q4 with $32.2M cash, no bank debt, and $232.2M liquidity.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DULUTH HOLDINGS INC. reported Fiscal year 2024 results: revenue Net sales in the range of $640 million to $660 million, EPS EPS in the range of ($0.22) to ($0.07) per diluted share.

Period: Fiscal year 2024
Revenue: Net sales in the range of $640 million to $660 million
EPS: EPS in the range of ($0.22) to ($0.07) per diluted share
Result: guidance update

Exact text from the filing

Fiscal 2024 Outlook The Company provided the following fiscal 2024 outlook: • Net sales in the range of $640 million to $660 million • Adjusted EBITDA 1 in the range of $39 million to $45 million • EPS in the range of ($0.22) to ($0.07) per diluted share • Capital expenditures, inclusive of software hosting implementation costs, of approximately $25 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

DULUTH HOLDINGS INC. reported Fiscal year ended January 28, 2024 results: revenue Net sales of $646.7 million, net income Net Loss of ($9.4) million, EPS Diluted EPS of ($0.28).

Period: Fiscal year ended January 28, 2024
Revenue: Net sales of $646.7 million
Net income: Net Loss of ($9.4) million
EPS: Diluted EPS of ($0.28)
Result: reported results

Exact text from the filing

Highlights for the Fiscal Year Ended January 28, 2024 • Net sales of $646.7 million compared to $653.3 million in the prior year • Net Loss of ($9.4) million; diluted EPS of ($0.28) • Adjusted EBITDA 1 of $33.4 million; reflects 5.2% of net sales • Healthy inventory composition with 90% in current products and a 30% decrease in clearance items

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

DULUTH HOLDINGS INC. reported Fourth quarter ended January 28, 2024 results: revenue Net sales of $245.6 million, net income Net Income of $7.0 million, EPS Diluted EPS of $0.21.

Period: Fourth quarter ended January 28, 2024
Revenue: Net sales of $245.6 million
Net income: Net Income of $7.0 million
EPS: Diluted EPS of $0.21
Result: reported results

Exact text from the filing

Highlights for the Fourth Quarter Ended January 28, 2024 • Net sales increase to $245.6 million compared to $241.8 million in the prior-year fourth quarter • Strength of the women’s business continued with 12% sales growth • Net Income of $7.0 million; diluted EPS of $0.21 • Adjusted EBITDA 1 increased to $21.1 million compared to $20.6 million in the prior-year

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Source: SEC EDGAR

accession 0001193125-24-061514

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