Duluth Holdings Inc. Announces Second Quarter Fiscal 2019 Financial Results
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Duluth Holdings Inc. (DLTH) Misses Q2 EPS by 4c, Revenues Miss; Offers FY19 EPS/Reveune Guidance Below Consensus
September 12, 2019 8:38 AM EDTDuluth Holdings Inc. (NASDAQ: DLTH) reported Q2 EPS of $0.06, $0.04 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $122 million versus the consensus estimate of $127.59 million.
Highlights for the Second Quarter Ended August 4, 2019
Net sales increased 10.2% to $122.0 million compared to $110.7 million in the prior-year second quarterGross margin decreased 310 basis points to 53.1% compared to 56.2% in the prior-year second quarterOperating income of $3.7 million compared to operating income of $9.9 million in the prior-year second quarterNet income of $1.9 million, or $0.06 per diluted share, compared to net income of $6.4 million, or... More