Duluth Holdings shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results and reiterated FY23 EPS guidance below estimates. Additionally, CFO Dave Loretta announced his decision to step down effective September 15.
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings reported a year-over-year decrease in Q2 EPS results and reiterated FY23 EPS guidance below estimates. CFO Dave Loretta announced his decision to step down effective September 15, which has led to a decrease in the company's share price.
August 31, 2023 | 2:44 pm
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Duluth Holdings' shares are trading lower due to disappointing Q2 EPS results and lower than expected FY23 EPS guidance. The announcement of CFO Dave Loretta's resignation adds to the uncertainty.
The company's lower than expected Q2 EPS results and FY23 EPS guidance have negatively impacted investor sentiment, leading to a decrease in the share price. The announcement of the CFO's resignation further adds to the uncertainty surrounding the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100