Duluth Holdings Reports Holiday Sales of $198.0 Million and Revises Guidance
January 10, 2023
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Duluth Holdings ($NASDAQ:DLTH) Inc. is an American clothing and lifestyle company that specializes in outdoor and workwear apparel, accessories, and gear. On Monday, Duluth Holdings reported holiday period sales of $198.0 million, prior to the retailer’s appearance at the ICR Conference. Furthermore, Duluth Holdings revised its guidance accordingly to reflect the current financial situation.
Market Price
This is the second consecutive year that the company has exceeded their expectations and they have revised their guidance upwards accordingly. Currently, news coverage surrounding Duluth Holdings has been mostly positive. On Monday, their stock opened at $5.9 and closed at $6.0, down by 3.5% from the prior closing price of 6.2. Despite this small decrease, the company still remains optimistic about their future prospects. Duluth Holdings attributes their success to a combination of their diverse product offerings and the growing popularity of their brand name. The company has been able to capitalize on the current trends in fashion and lifestyle by offering a wide variety of clothing items and accessories that appeal to a variety of customers.
They also have taken advantage of the popularity of online shopping by offering a convenient e-commerce platform for customers to purchase from. The company also believes that its commitment to customer service and satisfaction has played a role in its success. Duluth Holdings has developed an extensive customer service network and has implemented a variety of measures to ensure that customers are satisfied with the products and services they receive from the company. Overall, Duluth Holdings is off to a great start, with strong sales numbers and positive news coverage. The company is optimistic about its future prospects and believes that it is well positioned for continued success in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Duluth Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 682.3 | 12.22 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Duluth Holdings. More…
| Operations | Investing | Financing |
| 8.21 | -25.32 | 6.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Duluth Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 547.65 | 329.01 | 6.74 |
Key Ratios Snapshot
Some of the financial key ratios for Duluth Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.0% | -7.5% | 3.0% |
| FCF Margin | ROE | ROA |
| -2.5% | 5.6% | 2.3% |
VI Analysis
Duluth Holdings is a retail company with long-term potential, as evidenced by its fundamentals. To analyse the company’s risk profile, we used the VI app. The app rated Duluth Holdings as a medium risk investment in terms of financial and business aspects. The app detected one risk warning in the company’s balance sheet, which users can access upon registering with the app. In terms of profitability, Duluth Holdings has seen steady growth in net income over the past few years, a sign that its operations are becoming more efficient. This is further highlighted by its return on equity, which has also slowly increased over the same period. Furthermore, the company boasts a healthy cash position, with a comfortable cash to debt ratio. Also worth noting is Duluth Holding’s high debt to equity ratio, indicating it’s heavily reliant on debt for financing its operations. While this could be a sign of financial distress, the company’s current financial situation appears to be healthy enough to handle it for the time being. Overall, Duluth Holdings appears to have solid fundamentals and potential for future growth. However, as with any investment decision, it’s important to consider all factors before making an informed decision. The VI app helps investors do just that by providing an easy-to-read summary of the company’s current risk profile. More…
VI Peers
Duluth Holdings Inc is an online retailer that specializes in providing casual wear, workwear, and outerwear for men and women. The company was founded in 1989 and is headquartered in Belleville, Wisconsin. Duluth Holdings Inc operates under the name Duluth Trading Company. The company offers a variety of shirts, pants, shorts, outerwear, footwear, and accessories for men and women. Duluth Holdings Inc offers its products through its website, catalogs, and retail stores. The company also offers a variety of home goods and gifts through its website. Duluth Holdings Inc competes with PreVu Inc, Citi Trends Inc, Destination XL Group Inc, and other online and brick-and-mortar retailers.
– PreVu Inc ($OTCPK:PRVU)
PreVu Inc is a company that provides market research and analysis services. It has a market cap of 159.57k as of 2022 and a return on equity of 20.12%. The company’s products and services include market analysis, market research, and market intelligence. PreVu Inc’s mission is to provide its clients with the insights they need to make informed decisions about their businesses.
– Citi Trends Inc ($NASDAQ:CTRN)
Citi Trends Inc is a company that focuses on selling affordable fashion apparel and accessories for women, men, and children. As of 2022, the company has a market cap of 175.05 million and a return on equity of 27.52%. The company has been around since the early 2000s and has been steadily growing in popularity ever since.
– Destination XL Group Inc ($NASDAQ:DXLG)
Destination XL Group is a specialty retailer of men’s apparel with over 600 stores across the United States. The company offers a wide range of products including casual wear, dress shirts, suits, sportswear, outerwear, footwear, and accessories. Destination XL Group has a market cap of 428.59M as of 2022 and a Return on Equity of 41.63%. The company operates through two segments: Destination XL and Casual Male XL. The Destination XL segment offers a one-stop shopping experience for big and tall men. The Casual Male XL segment provides a broad selection of casual and dress apparel in extended sizes.
Summary
Duluth Holdings reported total holiday sales of $198.0 million, exceeding expectations and revising their guidance upwards. Despite the positive news, the stock price dropped the same day. Investors are likely cautious due to the current economic climate, but the strong holiday sales indicate a potential for future growth. Additionally, the upward revision of guidance suggests that the company is doing well financially and that investors may have a positive outlook for the company in the near term.
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