Duluth Holdings Inc. (DLTH) Tops Q1 EPS by 3c, Slight Miss on Revenues; Offers FY EPS/Revenue Guidance
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Duluth Holdings Inc. Announces First Quarter Fiscal 2018 Financial Results
June 5, 2018 9:00 AM EDTBELLEVILLE, Wis., June 05, 2018 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (Duluth Trading or the Company) (NASDAQ: DLTH), a lifestyle brand of mens and womens casual wear, workwear and accessories, today announced its financial results for the fiscal first quarter ended April 29, 2018.
Highlights for the First Quarter Ended April 29, 2018
Net sales increased 19.7% to $100.2 million compared to $83.7 million in the prior-year first quarterGross margin decreased 230 basis points to 55.8% compared to 58.1% in the prior-year first quarterOperating loss of $0.3 million compared to operating income of... More