secwatch.observer — SEC 8-K summary
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Issuer:     DULUTH HOLDINGS INC. (DLTH)
CIK:        0001649744
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001649744-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duluth Q2 sales fall to $139.1M; margin down; CFO Loretta resigns; FY loss guidance
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- Net sales $139.1M, down 1.7% YoY; gross margin 51.4% vs 53.4% a year ago.
- Adjusted EBITDA $8.6M; full-year EPS guided ($0.15)-($0.08), reflecting a loss.
- Inventory down 4.5% YoY to $157.1M; new GA fulfillment center live ahead of schedule.
- CFO Dave Loretta resigns effective Sept 15, 2023; Michael Murphy named interim CFO.
- No outstanding revolver balance; liquidity of $211 million at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649744/000164974423000021/0001649744-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649744/000164974423000021/dlth-20230825x8k.htm
  HTML page:      https://secwatch.observer/filing/0001649744-23-000021

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