Duluth (NASDAQ:DLTH) Releases FY 2024 Earnings Guidance

Duluth (NASDAQ:DLTH) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.220–0.220 for the period, compared to the consensus estimate of -0.330. The company issued revenue guidance of $640.0 million-$640.0 million, compared to the consensus revenue estimate of $633.4 million.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their price objective on shares of Duluth from $5.00 to $4.50 and set a neutral rating on the stock in a report on Friday, May 31st.

Duluth Stock Down 2.1 %

NASDAQ:DLTH opened at $3.23 on Thursday. The stock has a 50-day moving average price of $3.58 and a two-hundred day moving average price of $4.14. Duluth has a 1 year low of $3.09 and a 1 year high of $7.47. The stock has a market cap of $102.39 million, a price-to-earnings ratio of -7.88 and a beta of 1.37. The company has a current ratio of 1.79, a quick ratio of 0.37 and a debt-to-equity ratio of 0.27.

Duluth (NASDAQ:DLTH) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). Duluth had a negative return on equity of 6.11% and a negative net margin of 2.09%. The business had revenue of $116.68 million for the quarter, compared to the consensus estimate of $119.70 million. As a group, equities analysts expect that Duluth will post -0.23 earnings per share for the current year.

Duluth Company Profile

Duluth Holdings Inc sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, tanks, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Bucket Master, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No-Yank, No Polo Shirt, Wild Boar Mocs, and Buck Naked.