Duluth Holdings +39% after earnings smasher

Dec. 05, 2019 9:44 AM ETDuluth Holdings Inc. (DLTH)DLTHBy: Clark Schultz, SA News Editor6 Comments
  • Duluth Holdings (NASDAQ:DLTH) sails higher after revenue, EPS and adjusted EBITDA in Q3 all topped expectations.
  • The 12.2% sales growth during the quarter was driven by a 2.9% growth in direct net sales and 24.1% growth in retail net sales, with increases in both the men's and women’s businesses.
  • Looking ahead, the retailer sees full-year revenue of $610M to $620M vs. $615M consensus and EPS of $0.60 to $0.66 vs. $0.61 consensus. Adjusted EBITDA of $51M to $55M is anticipated vs. $52M consensus.
  • Shares of Duluth Holdings are up 39.18% to trade at their highest level since the early part of September.
  • Previously: Duluth Holdings EPS beats by $0.07, beats on revenue (Dec. 5)

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