Duluth Holdings Q1 EPS $(0.24) Misses $(0.16) Estimate, Sales $116.68M Miss $118.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings (NASDAQ:DLTH) reported Q1 EPS of $(0.24), missing the $(0.16) estimate, and sales of $116.68M, missing the $118.44M estimate. EPS decreased by 100% from the same period last year, and sales decreased by 5.72%.
May 30, 2024 | 9:49 am
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NEGATIVE IMPACT
Duluth Holdings reported disappointing Q1 results with EPS of $(0.24) missing estimates by 60% and sales of $116.68M missing estimates by 1.48%. Both EPS and sales showed significant declines from the same period last year.
The significant miss on both EPS and sales, along with the year-over-year declines, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100