Duluth Holdings Q1: Earnings Beat, Reaffirmed FY23 Outlook & More
Portfolio Pulse from Shivani Kumaresan
Duluth Holdings reported Q1 FY23 sales growth of 0.7% YoY to $123.76 million, beating the consensus of $118.66 million. Retail store net sales fell by 2.1% while Direct-to-consumer net sales increased by 2.3%. The company reaffirmed its FY23 EPS outlook and sales expectations.
June 01, 2023 | 1:30 pm
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POSITIVE IMPACT
Duluth Holdings reported better-than-expected Q1 sales and reaffirmed its FY23 outlook, which may positively impact its stock price.
Duluth Holdings reported Q1 sales growth of 0.7% YoY, beating the consensus estimate. The company also reaffirmed its FY23 EPS outlook and sales expectations, which indicates confidence in its future performance. This positive news is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100