Duluth Holdings Expects FY23 Net Sales In The Range Of $640M-$655M Vs. $644.19M Estimate (Prior View: $645M - $660M); Sees EPS in the range of $(0.25)-$(0.15) Vs. $(0.11) Estimate (Prior View: $(0.15)-$(0.08))
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings has updated its FY23 guidance, expecting net sales between $640M-$655M, compared to the previous range of $645M-$660M and against a $644.19M estimate. The company also revised its EPS forecast to a range of $(0.25)-$(0.15), which is a wider loss than the $(0.11) estimate and the prior view of $(0.15)-$(0.08).
November 30, 2023 | 10:54 am
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Duluth Holdings has lowered its FY23 net sales and EPS projections, indicating potential challenges ahead.
The revision of both net sales and EPS to lower ranges suggests that Duluth Holdings may face headwinds that could negatively impact its stock price in the short term. The EPS adjustment, in particular, indicates a wider loss than previously estimated, which is typically seen unfavorably by investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100