DLTH - Why Duluth Stock Is Diving Today | Benzinga
Duluth Holdings Inc. (NASDAQ: DLTH) reported a second-quarter FY23 sales decline of 1.7% year-on-year to $139.10 million, beating the consensus of $138.41 million.
EPS loss of $(0.06) missed the analyst consensus of breakeven $(0.00).
Retail store net sales decreased by 7% to $52.3 million due to slower store traffic, which was partially offset by continued strong conversion rates.
Gross margin decreased to 51.4% from 53.4%, and the gross profit decreased to $71.5 million from $75.6 million a year ago.
The gross profit margin decreased primarily due to a lower product margin ...