Duluth Holdings Inc. Announces Third Quarter 2023 Financial Results
MOUNT HOREB, Wis., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal third quarter ended October 29, 2023.
- Updated Fiscal 2023 Outlook for Net Sales, EPS and Adjusted EBITDA
MOUNT HOREB, Wis., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal third quarter ended October 29, 2023. - That said, our overall inventory mix is strong with a significantly higher level of newness and 30% less clearance inventory.
- End of period inventory of $174.0 million represented a 15.0% decrease compared to prior period third quarter.
- A conference call and audio webcast with analysts and investors will be held on Thursday, November 30, 2023 at 9:30 am Eastern Time, to discuss the results and answer questions.