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Duluth Holdings (DLTH) finally had some good news after a brutal 2019. The company exceeded consensus revenue growth and EPS guidance for Q3 and the stock catapulted nearly 40% on the news.
Prior to Q3, the stock had gotten hammered due to disappointing revenue and earnings growth over the course of the year. In August, the CEO resigned and accepted an executive role at Under Armour.
While shares may have bottomed, it remains to be seen what the growth story looks like going forward. The company expects no revenue growth in Q4.