secwatch.observer — SEC 8-K summary
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Issuer:     DULUTH HOLDINGS INC. (DLTH)
CIK:        0001649744
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001193125-24-149864
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duluth Holdings Q1 net sales down 5.7% to $116.7M; updates FY2024 outlook with EPS loss $0.22
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649744/000119312524149864/0001193125-24-149864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649744/000119312524149864/d842631d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-149864

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer