DLTH - Duluth Holdings GAAP EPS of -$0.12 beats by $0.02 revenue of $123.76M beats by $5.05M
2023-06-01 06:48:25 ET
- Duluth Holdings press release ( NASDAQ: DLTH ): Q1 GAAP EPS of -$0.12 beats by $0.02 .
- Revenue of $123.76M (+0.7% Y/Y) beats by $5.05M .
- Women’s business continues strong momentum with net sales growth of 14.4% over prior year first quarter
- AKHG sub-brand net sales increase 42.5% compared to prior period first quarter
- Direct-to-consumer net sales increased by 2.3% to $79.5 million driven by a higher conversion rate. Retail store net sales decreased by 2.1% to $44.3 million due to lower store traffic, which was partially offset by strong conversion rates.
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The Company’s reaffirmed fiscal 2023 outlook is as follows:
- Net sales in the range of $645 million to $660 million
- Adjusted EBITDA 1 in the range of $47 million to $49 million
- EPS in the range of $0.02 to $0.08 per diluted share
- Capital expenditures, inclusive of software hosting implementation costs, of approximately $55 million
For further details see:
Duluth Holdings GAAP EPS of -$0.12 beats by $0.02, revenue of $123.76M beats by $5.05M