Duluth Holdings Inc. (DLTH) Tops Q2 EPS by 4c, Maintains FY Guidance

Duluth Holdings Inc. (NASDAQ: DLTH) reported Q2 EPS of $0.11, $0.04 better than the analyst estimate of $0.07. Revenue for the quarter came in at $65.8 million versus the consensus estimate of $62.65 million.

Fiscal 2016 Outlook and Long-Term Financial Targets

The Company reaffirmed its fiscal 2016 outlook as follows:

• Net sales in the range of $370.0 million to $380.0 million
• Adjusted EBITDA in the range of $40.0 million to $42.5 million
• GAAP EPS in the range of $0.66 to $0.70 per diluted share
• Capital expenditures of $24.0 to $25.0 million1

The Company updated its fiscal 2016 retail store openings:

• The Company now expects to open a total of seven new retail stores, adding 75,000 to 85,000 additional selling square footage

For earnings history and earnings-related data on Duluth Holdings Inc. (DLTH) click here.

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