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DLTH - Duluth Holdings Slashes Guidance After Another Rough Quarter
Duluth Holdings Inc.
It has been a rough year for Duluth Holdings(NASDAQ: DLTH). Shares of this retailer have declined by over 60% year to date after the company produced several disappointing earnings reports, and its leader suddenly resigned.
Unfortunately, the story took a turn for the worse in the company's fiscal second quarter. Sales growth continued to slow, gross margin took another step backward, and its net income nearly evaporated. To top it all off, management said that it was going to slow its pace of new store openings and cut its full-year guidance.