Duluth Holdings on Watch After Mixed Q3 Earnings

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Duluth Holdings ($NASDAQ:DLTH) Inc. (Duluth Trading) is a lifestyle retailer of workwear and casual wear for men and women. The company offers a broad range of products including jeans, shirts, outerwear, underwear, footwear, and accessories. Duluth Holdings Inc. reported mixed Q3 earnings with sales coming in above expectations but earnings per share and guidance falling below expectations. The retailer said that its updated brand positioning has had a strong customer response, leading to the Q3 increase in sales. Duluth Holdings Inc. is on watch after its mixed Q3 earnings report. The company’s below expectations guidance has put it under pressure.

However, the retailer’s strong customer response to its updated brand positioning is a positive sign.

Share Price

On Thursday, DULUTH HOLDINGS stock opened at $7.5 and closed at $7.3, plunge by 16.8% from prior closing price of 8.8. DULUTH HOLDINGS Inc has experienced a lot of negative news lately. Live Quote…

About the Company

VI Analysis

Duluth Holdings Inc. is a lifestyle brand that offers casual wear, workwear and accessories for men and women. The company’s products are available online and through a nationwide network of retail stores and dealers. According to the VI Risk Rating, Duluth Holdings is a medium risk investment in terms of financial and business aspects. The company has a strong financial position with a good history of profitability and cash flow. However, the company faces some risks from its dependence on a small number of key customers and its exposure to seasonal demand. Additionally, Duluth Holdings has 1 risk warning in its balance sheet. 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 Inc. is a publicly traded company that designs, manufactures, and sells casualwear, workwear, and accessories for men and women under the Duluth Trading brand name. Investors may be attracted to Duluth Holdings Inc. because of its strong growth prospects. The company is still relatively small, which means that it has plenty of room to grow. In addition, Duluth Holdings Inc. is a well-known brand name that is trusted by consumers.

However, there are also some risks to consider before investing in Duluth Holdings Inc. The company is not yet profitable, and it may be some time before it becomes so.

In addition, the company is heavily dependent on the U.S. market, which means that it could be adversely affected by any slowdown in the economy.