earnings
confidence high
sentiment negative
materiality 0.75
Duluth Holdings Q1 net sales down 5.7% to $116.7M; updates FY2024 outlook with EPS loss $0.22
DULUTH HOLDINGS INC.
2025-Q1 EPS reported
-$0.24
revenue$116,684,000
- Q1 net loss $7.9M; Adjusted EBITDA $1.8M; FY2024 EPS guidance ~$(0.22) per diluted share.
- Net sales $116.7M vs $123.8M YoY; direct-to-consumer -5.1%, retail store -6.8%.
- Inventory down 5.9% YoY; liquidity $195.8M ($6.8M cash + undrawn $189M on revolver).
- Gross margin 52.8% vs 53.0% YoY; SG&A deleveraged to 60.5% of sales from 56.7%.
- Updated FY2024 outlook: net sales ~$640M, Adjusted EBITDA ~$39M, capex ~$25M.