Duluth Holdings Expects FY24 Net Sales Of $640M-$660M, Est $659.9M; EPS Loss Of $(0.22)-$(0.07), Est $(0.13)
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings projects FY24 net sales to be between $640M-$660M, slightly below the estimated $659.9M. The company anticipates an EPS loss ranging from $(0.22) to $(0.07), compared to the estimated loss of $(0.13).
March 07, 2024 | 10:51 am
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Duluth Holdings projects lower-than-expected FY24 net sales and a wider range of EPS loss than estimated.
The projected net sales and EPS loss for FY24 by Duluth Holdings are both indicators of potential financial challenges. The net sales projection is slightly below the analyst estimate, and the anticipated EPS loss is broader than expected. This could lead to negative investor sentiment in the short term, as the figures suggest a less optimistic financial outlook than previously estimated.
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