Duluth Holdings Inc Reiterated FY23 Revenue of $645M-$660M Vs $647.56M Est, EPS $(0.15)-$(0.08) (Prior $0.02-$0.08) Vs $0.05 Est
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings Inc has updated its fiscal 2023 outlook, with net sales expected to be in the range of $645M-$660M, adjusted EBITDA between $40M-$42M, and EPS between $(0.15)-$(0.08) per diluted share. The company also plans capital expenditures of approximately $55M.
August 31, 2023 | 10:50 am
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Duluth Holdings' updated FY23 outlook is slightly below estimates, which may negatively impact the stock in the short term.
Duluth Holdings' updated FY23 outlook shows lower than estimated revenues and EPS, which could lead to a negative market reaction and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100