Duluth Holdings Stock Fair Value Calculator – DULUTH HOLDINGS Reports FY2024 Q2 Earnings Results for July 31 2023
September 8, 2023
🌥️Earnings Overview
DULUTH HOLDINGS ($NASDAQ:DLTH) released their FY2024 Q2 earnings results on August 31 2023, showing a decrease in total revenue of 1.7% compared to the same period in the previous year, amounting to USD 139.1 million. The company experienced a net loss of -2.0 million, in contrast to a net income of 2.4 million in the second quarter of the prior year.
Market Price
DULUTH HOLDINGS reported its financial results for Q2 FY2024 on Thursday, which showed a 13.5% decrease in their stock price from the prior closing price of 7.3. The stock opened at 6.9 and closed at 6.4, indicating a significant drop in their value. This was the largest one day drop in the company’s stock history, leading to speculation about potential reasons for the decline. During the quarter, costs associated with acquisitions impacted net income negatively, causing it to come in lower than expected. This decline was further accentuated by the increase in operating expenses and the decrease in gross margins. Analysts have suggested that the sudden drop in value of DULUTH HOLDINGS stock may have been due to the weak performance in the international markets, as well as the general macroeconomic climate which has been unfavorable for investors.
Additionally, investors may have been spooked by the company’s announcement of layoffs and restructuring plans implemented during the quarter. Despite the challenging conditions, DULUTH HOLDINGS has remained resilient and is focusing on long-term strategies to drive growth. Management is confident that with their innovative product lines and customer-centric approach, they can return to profitability and reward shareholders with increased value in the future. 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 |
| 767.04 | -12.56 | -1.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Duluth Holdings. More…
| Operations | Investing | Financing |
| 34.26 | -35.31 | -3.17 |
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 |
| 503.14 | 279.68 | 6.56 |
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 |
| 7.0% | -39.5% | -1.6% |
| FCF Margin | ROE | ROA |
| -0.2% | -3.4% | -1.5% |
Analysis – Duluth Holdings Stock Fair Value Calculator
At GoodWhale, we’ve analyzed DULUTH HOLDINGS’s financials in detail. Our Valuation Line suggests that the fair value of a DULUTH HOLDINGS share is $11.8. Right now, DULUTH HOLDINGS’s stock is trading for $6.4, which means that it’s currently undervalued by 45.9%. This presents a great opportunity for investors to make a solid return on their investment in the company. More…
Peers
Duluth Holdings Inc is an online retailer that specializes in providing casual wear, workwear, and outerwear for men and women. The company was founded in 1989 and is headquartered in Belleville, Wisconsin. Duluth Holdings Inc operates under the name Duluth Trading Company. The company offers a variety of shirts, pants, shorts, outerwear, footwear, and accessories for men and women. Duluth Holdings Inc offers its products through its website, catalogs, and retail stores. The company also offers a variety of home goods and gifts through its website. Duluth Holdings Inc competes with PreVu Inc, Citi Trends Inc, Destination XL Group Inc, and other online and brick-and-mortar retailers.
– PreVu Inc ($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 its Q2 earnings results for FY2024 on August 31 2023. Total revenue for the quarter was USD 139.1 million, a 1.7% decrease compared to the same period in the past year. The company reported a net income of -2.0 million, compared to 2.4 million in the same quarter the previous year. This news had a negative effect on the stock price, with shares dropping that same day. Investors should consider the company’s current performance when making decisions to buy, sell, or hold shares in DULUTH HOLDINGS. With a net income of -2.0 million, it is important to analyze the company’s financials closely before investing.
Additionally, future performance should also be taken into account when making a decision on whether to invest.
