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Satō MOUNT HOREB, Wis., March 07, 2024 (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 fourth quarter and fiscal year ended January 28, 2024.
Key Points:
- Fourth quarter Net Sales increased 1.6% year-over-year to $245.6 million; diluted EPS of $0.21
MOUNT HOREB, Wis., March 07, 2024 (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 fourth quarter and fiscal year ended January 28, 2024.
- President and CEO Sam Sato commented, “While fiscal 2023 was a challenging year as consumers remained selective in their discretionary spend, our fourth quarter was highlighted by growth in both the Duluth and AKHG brands driven by our women’s business which registered year-over-year growth of 12%.
- Direct-to-consumer net sales increased by 8.9% to $172.2 million compared to the fourth quarter last year driven by higher conversion rates and greater penetration of mobile.
- The Company ended the quarter with a cash balance of approximately $32.2 million, net working capital of $78.5 million and no outstanding Duluth Trading bank debt.
Retrieved on:
Thursday, February 22, 2024
MOUNT HOREB, Wis., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced that it will report fourth quarter 2023 financial results before market on Thursday, March 7, 2024.
Key Points:
- MOUNT HOREB, Wis., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced that it will report fourth quarter 2023 financial results before market on Thursday, March 7, 2024.
- A conference call and audio webcast with analysts and investors will be held on Thursday, March 7, 2024 at 9:30 am Eastern Time, to discuss the results and answer questions.
- Conference call replay available through March 14, 2024: 1-877-344-7529 (domestic) or 1-412-317-0088
To expedite entry into the call and avoid waiting for a live operator, investors may pre-register at https://dpregister.com/sreg/10185439/fb5294b5e7 and enter their contact information.
- Investors will then be issued a personalized phone number and pin to dial into the live conference call.
Retrieved on:
Monday, February 12, 2024
MOUNT HOREB, Wis., Feb. 12, 2024 (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 that it made an inducement grant to Ms. Heena Agrawal in connection with her employment as the Company’s new Senior Vice President and Chief Financial Officer, effective February 12, 2024.
Key Points:
- MOUNT HOREB, Wis., Feb. 12, 2024 (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 that it made an inducement grant to Ms. Heena Agrawal in connection with her employment as the Company’s new Senior Vice President and Chief Financial Officer, effective February 12, 2024.
- The Company granted 94,000 shares of restricted stock with a grant date of February 12, 2024, as a material inducement to Ms. Agrawal’s hiring.
- The Second Tranche Shares are subject to Ms. Agrawal’s continued employment on the third anniversary of her first day of employment.
- Pursuant to the requirements of that rule, the Company is issuing this press release.
Retrieved on:
Tuesday, January 23, 2024
Senior,
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Management MOUNT HOREB, Wis., Jan. 23, 2024 (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 the appointment of Heena Agrawal as Senior Vice President and Chief Financial Officer, effective February 12, 2024.
Key Points:
- MOUNT HOREB, Wis., Jan. 23, 2024 (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 the appointment of Heena Agrawal as Senior Vice President and Chief Financial Officer, effective February 12, 2024.
- Ms. Agrawal is a proven executive with over 20 years of finance and leadership experience.
- Ms. Agrawal has engaged on a regular basis with executive teams and boards, as well as investor relations liaisons and vendor partners.
- Duluth Trading is uniquely positioned to expand their reach and I am excited to leverage my extensive experience and business acumen to drive the company’s next phase of growth profitably,” said Heena Agrawal.
Retrieved on:
Thursday, November 30, 2023
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Cyber Monday,
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Duluth, Minnesota,
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EPS,
Bookkeeping 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.
Key Points:
- 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.
Retrieved on:
Thursday, November 16, 2023
MOUNT HOREB, Wis., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced that it will report third quarter 2023 financial results before market on Thursday, November 30, 2023.
Key Points:
- MOUNT HOREB, Wis., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced that it will report third quarter 2023 financial results before market on Thursday, November 30, 2023.
- 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.
- Conference call replay available through December 7, 2023: 1-877-344-7529 (domestic) or 1-412-317-0088 (international)
To expedite entry into the call and avoid waiting for a live operator, investors may pre-register at https://dpregister.com/sreg/10183402/fab2d33666 and enter their contact information.
- Investors will then be issued a personalized phone number and pin to dial into the live conference call.
Retrieved on:
Tuesday, November 21, 2023
MOUNT HOREB, Wis., Nov. 21, 2023 /PRNewswire/ -- The Wisconsin-based lifestyle brand Duluth Trading Co. is celebrating the most wonderful time of the year early by kicking off a series of deals for Thanksgiving, Black Friday and Cyber Monday. With the aim of making the holiday season a little more budget-friendly, the limited-time sales offer Duluth's very best gifts and best-selling products at an incredible value, making it customers' one-stop-shop for gifting and saving.
Key Points:
- Before preparing the traditional Thanksgiving Day feast on Nov. 23, Duluth Trading Co. invites customers to start the season in comfort and style.
- Customers who shop on the holiday can enjoy 40% off their entire order, from durable workwear to underwear and cozy winter essentials.
- Black Friday (Nov. 24) is set to be a workwear wonderland at Duluth Trading Co.
- Browse all of Duluth Trading's holiday offerings on duluthtrading.com/gifts or in one of the 60+ store locations across the country.
Retrieved on:
Thursday, October 12, 2023
MOUNT HOREB, Wis., Oct. 12, 2023 /PRNewswire/ -- Wisconsin-based lifestyle brand, Duluth Trading Co., and national nonprofit organization, One Warm Coat, are partnering to share warmth with people in need this Fall. Now through Friday, October 20, the two brands are hosting a nationwide coat drive at each of Duluth Trading's 65 retail stores, inviting community members to bring in new or gently worn outerwear items for donation.
Key Points:
- "Duluth Trading Co. is proud to partner with One Warm Coat and support its work in providing coats to those in need this season," said Sam Sato, President and CEO at Duluth Trading.
- "We hope these events at Duluth Trading stores help provide warmth and comfort to folks in our communities, and also inspire Duluth Trading employees and customers to get involved in the effort."
- Additionally, ahead of One Warm Coat Day, a national day of awareness and activation on October 17, Duluth Trading has committed to donating $25,000 directly to One Warm Coat, allowing the organization to warm 25,000 people in need and help create further impact on its mission.
- To find a Duluth Trading store near you, visit www.duluthtrading.com/find-stores , and to learn more about One Warm Coat's mission and work, visit https://www.onewarmcoat.org/ .
Retrieved on:
Monday, September 18, 2023
Software,
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Online Retail,
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Woman,
Warehouse Manhattan Associates Inc. (NASDAQ: MANH) today announced that Duluth Trading Company , a renowned casualwear, workwear and accessory retailer for men and women, has successfully implemented Manhattan Active® Warehouse Management at its new distribution and fulfillment facility in Adairsville, Georgia.
Key Points:
- Manhattan Associates Inc. (NASDAQ: MANH) today announced that Duluth Trading Company , a renowned casualwear, workwear and accessory retailer for men and women, has successfully implemented Manhattan Active® Warehouse Management at its new distribution and fulfillment facility in Adairsville, Georgia.
- Known for its high-quality products and innovative designs, Duluth Trading Company is set to modernize its distribution operations.
- The retailer invested $53 million to build its first-ever automated distribution and fulfillment center and selected Manhattan Active Warehouse Management to drive and optimize operations.
- “We are thrilled to partner with Duluth Trading Company on its successful implementation of Manhattan Active Warehouse Management at their new, state-of-the-art Adairsville distribution center,” said Stewart Gantt, executive vice president, professional services at Manhattan Associates.
Retrieved on:
Thursday, August 31, 2023
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Management MOUNT HOREB, Wis., Aug. 31, 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 second quarter ended July 30, 2023.
Key Points:
- With the large and growing consumer participation in outdoor recreation, our AKHG apparel collection for men and women represents a significant growth opportunity for Duluth.
- A formal search process for the selection of a new Chief Financial Officer has been initiated by the Company.
- Until that process is completed, Michael Murphy, VP, Chief Accounting Officer will also serve as Interim Chief Financial Officer, effective September 15, 2023.
- “We appreciate Dave’s commitment to Duluth Trading since he joined us in 2017,” said Stephen Schlecht, Chairman of Duluth Trading.
