Duluth Holdings Projects FY24 Revenues Of $640M Vs. $644.89M Estimate (Prior View: $640M-$660M); Company Sees EPS Of Approximately $(0.22) (Prior View: of $(0.22)-$(0.07))
Portfolio Pulse from Benzinga Newsdesk
Duluth Holdings has updated its fiscal 2024 outlook, projecting net sales of approximately $640 million, adjusted EBITDA of $39 million, and EPS of approximately $(0.22) per diluted share. The company also expects capital expenditures of around $25 million.
May 30, 2024 | 9:56 am
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Duluth Holdings has revised its fiscal 2024 outlook, projecting net sales of $640 million, adjusted EBITDA of $39 million, and EPS of $(0.22). This is a slight downgrade from previous estimates, which may negatively impact investor sentiment.
The revised outlook shows a slight downgrade in revenue and EPS expectations compared to previous estimates. This could lead to a negative short-term impact on the stock price as investors may react to the lower guidance.
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