What's Going On With Duluth Holdings Shares After Q1 Earnings?
Portfolio Pulse from Nabaparna Bhattacharya
Duluth Holdings Inc. (NASDAQ:DLTH) shares are trading lower after the company reported a larger-than-expected loss for Q1 and missed revenue estimates. The company also provided a cautious outlook for FY24.
May 30, 2024 | 3:51 pm
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NEGATIVE IMPACT
Duluth Holdings reported a Q1 loss of 24 cents per share, missing the consensus estimate of a 16 cents loss. Net sales also fell short of expectations at $116.7 million. The company provided a cautious outlook for FY24, projecting revenues of $640 million and an EPS of approximately $(0.22).
The larger-than-expected loss and missed revenue estimates are likely to negatively impact investor sentiment in the short term. Additionally, the cautious outlook for FY24 further adds to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100