Duluth Holdings Q2 EPS $(0.06) Down From $0.07 YoY, Sales $139.10M Beat $138.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings reported Q2 losses of $(0.06) per share, a 185.71% decrease YoY. The company's quarterly sales were $139.10M, beating the analyst consensus estimate of $138.41M by 0.50%, but decreased by 1.70% compared to the same period last year.
August 31, 2023 | 10:46 am
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NEGATIVE IMPACT
Duluth Holdings reported a significant YoY decrease in earnings, but managed to beat sales estimates. However, sales are down compared to last year.
The significant YoY decrease in earnings is a negative signal for investors, which could lead to a decrease in the stock price. Despite beating sales estimates, the fact that sales are down compared to last year is also a negative factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100