Duluth Trading Q3 net sales $138.2M, down 6.1% YoY; cuts FY2023 outlook

DULUTH HOLDINGS INC.

2024-Q3 EPS reported -$0.50 revenue$401,068,000

Net sales $138.2M vs $147.1M prior year (-6.1%); gross margin fell to 50.2% from 52.3%.
Adjusted EBITDA loss of $1.6M; updated FY2023 outlook: net sales $640-655M, EPS ($0.25)-($0.15).
Inventory down 15% to $174M; new highly automated fulfillment center operational for peak season.
Women's AKHG sub-brand net sales increased 19% YoY; new VP of Sourcing hired.
Black Friday/Cyber Monday period showed solid trend improvement after weak Q3.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.