Announcement • 12h
Duluth Holdings Inc. Affirms Earnings Guidance for the Fiscal Year 2027 Duluth Holdings Inc. affirmed earnings guidance for the fiscal year 2027. The Company affirmed net sales guidance range of $540 million to $560 million. Net loss to be in the range of $13,200,000 to $8,900,000. Reported Earnings • 18h
First quarter 2027 earnings released: US$0.29 loss per share (vs US$0.45 loss in 1Q 2026) First quarter 2027 results: US$0.29 loss per share (improved from US$0.45 loss in 1Q 2026). Revenue: US$98.6m (down 4.0% from 1Q 2026). Net loss: US$10.1m (loss narrowed 34% from 1Q 2026). Revenue is forecast to stay flat during the next 2 years compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • May 21
Duluth Holdings Inc. to Report Q1, 2027 Results on Jun 08, 2026 Duluth Holdings Inc. announced that they will report Q1, 2027 results Pre-Market on Jun 08, 2026 Announcement • Apr 22
Duluth Holdings Inc., Annual General Meeting, Jun 03, 2026 Duluth Holdings Inc., Annual General Meeting, Jun 03, 2026. Location: headquarters of duluth holdings inc., 201 east front street, mount horeb, wisconsin 53572, United States Announcement • Mar 19
Duluth Holdings Inc. Provides Earnings Guidance for the Fiscal Year Ending January 31, 2027 Duluth Holdings Inc. provided earnings guidance for the fiscal year ending January 31, 2027. The Company provided the following fiscal 2026 outlook: Net sales in the range of $540 million to $560 million. Net loss to be in the range of $11,800,000 to $7,500,000. Announcement • Mar 05
Duluth Holdings Inc. to Report Q4, 2026 Results on Mar 19, 2026 Duluth Holdings Inc. announced that they will report Q4, 2026 results Pre-Market on Mar 19, 2026 Announcement • Dec 18
Duluth Holdings Inc. Updates Earnings Guidance for the Fiscal Ending February 1, 2026 Duluth Holdings Inc. provided earnings guidance for the fiscal ending February 1, 2026. For the period, the company updated net sales guidance to a range of $555 million to $565 million compared to previous guidance of $570 million to $595 million. Announcement • Dec 02
Duluth Holdings Inc. to Report Q3, 2026 Results on Dec 16, 2025 Duluth Holdings Inc. announced that they will report Q3, 2026 results Pre-Market on Dec 16, 2025 Announcement • Aug 21
Duluth Holdings Inc. to Report Q2, 2026 Results on Sep 04, 2025 Duluth Holdings Inc. announced that they will report Q2, 2026 results Pre-Market on Sep 04, 2025 Announcement • Jun 07
Duluth Holdings Inc. Reaffirms Earnings Guidance for the Fiscal Year 2026 Duluth Holdings Inc. reaffirmed earnings guidance for the fiscal year 2026. The Company is maintaining previously issued fiscal 2025 financial guidance at this time and will update as there are changes in the macroeconomic environment. Announcement • May 22
Duluth Holdings Inc. to Report Q1, 2026 Results on Jun 05, 2025 Duluth Holdings Inc. announced that they will report Q1, 2026 results on Jun 05, 2025 Announcement • Apr 14
Duluth Holdings Inc., Annual General Meeting, May 29, 2025 Duluth Holdings Inc., Annual General Meeting, May 29, 2025. Location: headquarters of duluth trading, 201 east front street , mount horeb, wisconsin 53572. United States Announcement • Mar 26
Duluth Holdings Inc. Announces Retirement of Francesca M. Edwardson as A Member of the Board of Directors Duluth Holdings Inc. announced the retirement of Francesca M. Edwardson as a member of the Board of Directors. Ms. Edwardson informed the Company that she had independently decided not to stand for re-election to the Company’s Board of Directors at the 2025 Annual Meeting of Shareholders. Ms. Edwardson, age 67, has been a member of the Board of Directors since September 2015 and had served on the Company’s advisory board since July 2015. Ms. Edwardson will continue to serve as a member of the Board of Directors until the close of the 2025 Annual Meeting of Shareholders. Announcement • Feb 27
Duluth Holdings Inc. to Report Q4, 2025 Results on Mar 13, 2025 Duluth Holdings Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 13, 2025 Announcement • Nov 21
Duluth Holdings Inc. to Report Q3, 2025 Results on Dec 05, 2024 Duluth Holdings Inc. announced that they will report Q3, 2025 results Pre-Market on Dec 05, 2024 New Risk • Aug 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 30
Second quarter 2025 earnings released: US$0.11 loss per share (vs US$0.061 loss in 2Q 2024) Second quarter 2025 results: US$0.11 loss per share (further deteriorated from US$0.061 loss in 2Q 2024). Revenue: US$141.6m (up 1.8% from 2Q 2024). Net loss: US$3.74m (loss widened 87% from 2Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Aug 29
Duluth Holdings Inc. Reaffirms Earnings Guidance for the Fiscal 2024 Duluth Holdings Inc. reaffirmed earnings guidance for the fiscal 2024. For the year, the company expects Net sales of approximately $640 million. Announcement • Aug 15
Duluth Holdings Inc. to Report Q2, 2025 Results on Aug 29, 2024 Duluth Holdings Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 29, 2024 Reported Earnings • Jun 04
First quarter 2025 earnings released: US$0.24 loss per share (vs US$0.12 loss in 1Q 2024) First quarter 2025 results: US$0.24 loss per share (further deteriorated from US$0.12 loss in 1Q 2024). Revenue: US$116.7m (down 5.7% from 1Q 2024). Net loss: US$7.87m (loss widened 103% from 1Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 5.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • May 30
Duluth Holdings Inc. Updates Earnings Guidance for Its Fiscal Year 2024 Duluth Holdings Inc. updating earnings guidance for its fiscal year 2024. For the period, the company expects Net sales of approximately $640 million and EPS of approximately ($0.22) per diluted share. Announcement • May 18
Duluth Holdings Inc. to Report Q1, 2025 Results on May 30, 2024 Duluth Holdings Inc. announced that they will report Q1, 2025 results Pre-Market on May 30, 2024 Announcement • Apr 06
Duluth Holdings Inc., Annual General Meeting, May 23, 2024 Duluth Holdings Inc., Annual General Meeting, May 23, 2024, at 08:30 Central Standard Time. Location: the headquarters of Duluth Holdings Inc., 201 East Front Street Mount Horeb Wisconsin United States Agenda: To elect nine individuals nominated by the Board of Directors of Duluth Holdings Inc. to serve as directors until the 2025 annual meeting of shareholders; to approve, by an advisory vote, the compensation of named executive officers; to ratify the appointment of KPMG LLP as independent registered public accountants for fiscal 2024; to approve the 2024 Equity Incentive Plan of Duluth Holdings Inc.; and to transact such other business as may properly come before the meeting. Reported Earnings • Mar 08
Full year 2024 earnings released: US$0.28 loss per share (vs US$0.07 profit in FY 2023) Full year 2024 results: US$0.28 loss per share (down from US$0.07 profit in FY 2023). Revenue: US$646.7m (down 1.0% from FY 2023). Net loss: US$9.36m (down US$11.7m from profit in FY 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • Mar 07
Duluth Holdings Inc. Provides Earning Guidance for Fiscal 2024 Duluth Holdings Inc. provided earning guidance for fiscal 2024. For the period, the company expects net sales in the range of $640 million to $660 million. EPS in the negative range of $0.22 to $0.07 per diluted share. Buy Or Sell Opportunity • Feb 28
Now 21% overvalued Over the last 90 days, the stock has fallen 6.1% to €4.32. The fair value is estimated to be €3.56, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 2.0% in a year. Earnings are forecast to grow by 68% in the next year. Announcement • Feb 23
Duluth Holdings Inc. to Report Q4, 2024 Results on Mar 07, 2024 Duluth Holdings Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Mar 07, 2024 Buy Or Sell Opportunity • Feb 10
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €4.50. The fair value is estimated to be €3.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 2.0% in a year. Earnings are forecast to grow by 68% in the next year. Announcement • Jan 24
Duluth Holdings Inc. Appoints Heena Agrawal as Senior Vice President, Effective February 12, 2024 Duluth Holdings Inc. announced the appointment of Heena Agrawal as Senior Vice President, effective February 12, 2024. Ms. Agrawal is a proven executive with over 20 years of finance and leadership experience. She is a business-oriented finance leader with diverse, versatile skills and a track record of driving superior results for a wide variety of companies across multiple industries including Procter & Gamble, Walgreens, Underwriters Lab, and Kontoor Brands. Ms. Agrawal's business acumen spans growing businesses organically, delivering acquisition synergies, and growing profitably by way of driving pricing and productivity efficiencies. She has successfully drawn on her communication and interpersonal strengths to build and lead global teams while partnering cross-functionally at all levels. Ms. Agrawal has engaged on a regular basis with executive teams and boards, as well as investor relations liaisons and vendor partners. She has also been an invited speaker and thought leader for finance forums. After earning her CPA, CFA and MBA from Kelley School of Business at Indiana University, Ms. Agrawal spent the first ten years of her finance career at Procter & Gamble profitably growing billion dollar brands like Crest, leading the integration of Oral-B, leading Oral Care Supply Chain Finance, creating new male personal care category expansion strategies for Gillette & Old Spice, and developing growth models for NA Swiffer & Mr. Clean. Ms. Agrawal’s most recent professional experience spans the following: Kontoor Brands: Chief Financial Officer, Global Wrangler and Global Kontoor Supply Chain, Underwriters Laboratories: Chief Financial Officer, Global Industrial Segment; Chief Financial Officer, Global Connected Technology Appliances & Lighting Division, Walgreens Boots Alliance: Vendor Synergy Leader, Rite Aid M&A Integration; Head of US FP&A, Data Analytics, and MIS: Walgreens; Finance Director, Supply Chain Walgreens. Announcement • Jan 23
Duluth Holdings Inc. Announces Appointment of Heena Agrawal as Chief Financial Officer, Effective February 12, 2024 Duluth Holdings Inc. announced the appointment of Heena Agrawal as and Chief Financial Officer, effective February 12, 2024. Ms. Agrawal is a proven executive with over 20 years of finance and leadership experience. She is a business-oriented finance leader with diverse, versatile skills and a track record of driving superior results for a wide variety of companies across multiple industries including Procter & Gamble, Walgreens, Underwriters Lab, and Kontoor Brands. Ms. Agrawal’s business acumen spans growing businesses organically, delivering acquisition synergies, and growing profitably by way of driving pricing and productivity efficiencies. She has successfully drawn on her communication and interpersonal strengths to build and lead global teams while partnering cross-functionally at all levels. Ms. Agrawal has engaged on a regular basis with executive teams and boards, as well as investor relations liaisons and vendor partners. She has also been an invited speaker and thought leader for finance forums. After earning her CPA, CFA and MBA from Kelley School of Business at Indiana University, Ms. Agrawal spent the first ten years of her finance career at Procter & Gamble profitably growing billion dollar brands like Crest, leading the integration of Oral-B, leading Oral Care Supply Chain Finance, creating new male personal care category expansion strategies for Gillette & Old Spice, and developing growth models for NA Swiffer & Mr. Clean. Ms. Agrawal’s most recent professional experience spans the following: Kontoor Brands: Chief Financial Officer, Global Wrangler and Global Kontoor Supply Chain Underwriters Laboratories: Chief Financial Officer, Global Industrial Segment; Chief Financial Officer, Global Connected Technology Appliances & Lighting Division Walgreens Boots Alliance: Vendor Synergy Leader, Rite Aid M&A Integration; Head of US FP&A, Data Analytics, and MIS: Walgreens; Finance Director, Supply Chain Walgreens. Reported Earnings • Dec 01
Third quarter 2024 earnings released: US$0.32 loss per share (vs US$0.19 loss in 3Q 2023) Third quarter 2024 results: US$0.32 loss per share (further deteriorated from US$0.19 loss in 3Q 2023). Revenue: US$138.2m (down 6.1% from 3Q 2023). Net loss: US$10.5m (loss widened 68% from 3Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Nov 30
Duluth Holdings Inc. Provides Earnings Guidance for the Year 2023 Duluth Holdings Inc. provides earnings guidance for the year 2023. For the period, the company expects Net sales in the range of $640 million to $655 million. EPS in the range of ($0.25) to ($0.15) per diluted share. Announcement • Nov 17
Duluth Holdings Inc. to Report Q3, 2024 Results on Nov 30, 2023 Duluth Holdings Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 30, 2023 New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Reported Earnings • Sep 01
Second quarter 2024 earnings released: US$0.061 loss per share (vs US$0.072 profit in 2Q 2023) Second quarter 2024 results: US$0.061 loss per share (down from US$0.072 profit in 2Q 2023). Revenue: US$139.1m (down 1.7% from 2Q 2023). Net loss: US$2.00m (down 185% from profit in 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Janet Kennedy was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 18
Duluth Holdings Inc. to Report Q2, 2024 Results on Aug 31, 2023 Duluth Holdings Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 31, 2023 Announcement • Jul 25
Duluth Holdings Inc. Announces Appointment of Janet Kennedy to Its Board of Directors Duluth Holdings Inc. announced the appointment of Ms. Janet H. Kennedy to its Board of Directors effective August 23, 2023. Janet Kennedy joins Duluth Trading’s Board of Directors with more than 30 years of experience leading digital and technology transformations. Most recently, Ms. Kennedy served as VP, North America Regions of Google Cloud at Alphabet Inc., focused on helping clients leverage emerging technologies to develop and execute their digital transformations. Ms. Kennedy also previously served as a Partner/Principal, Americas Digital Transformation Leader at Ernst & Young. Prior to that, Ms. Kennedy held a variety of positions at Microsoft Corporation, including as Vice President, MSUS Digital Transformations Leader, President, Microsoft Canada, and U.S. Enterprise, VP, West and Central Regions. Ms. Kennedy also served at IBM Corporation in various roles, including as Business Unit Executive. Ms. Kennedy also currently serves on the board of directors for Canadian Pacific Kansas City Limited, the first and only transnational rail network in North America. Ms. Kennedy holds a B.S. in Industrial Management/Industrial Engineering from Purdue University and an M.B.A. from the McColl School of Business at Queens University of Charlotte. Reported Earnings • Jun 02
First quarter 2024 earnings released: US$0.12 loss per share (vs US$0.04 loss in 1Q 2023) First quarter 2024 results: US$0.12 loss per share (further deteriorated from US$0.04 loss in 1Q 2023). Revenue: US$123.8m (flat on 1Q 2023). Net loss: US$3.87m (loss widened 199% from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 26
Duluth Holdings Inc. Announces Election of Ronald Robinson to its Board of Directors Duluth Holdings Inc. announced the election of Mr. Ronald Robinson, Ronnie to its Board of Directors effective May 25, 2023. Ronald Robinson is a seasoned executive with more than 30 years of operational leadership in retail. Ronald currently serves as the Chief Supply Chain Officer of Designer Brands Inc. Prior to that, he was the owner of R Squared Consulting, LLC. Ronald also previously served as the Chief Sourcing Officer of J. Crew Group. Prior to that, Ronald held a variety of positions at Ascena retail group (formerly Tween Brands Inc.), including as Executive Vice President Supply Chain, Senior Vice President Production Services, and Vice President Sourcing & Tech Design. Mr. Robinson holds a B.Sc. in Applied Chemistry (Colour Science and Technology) from Heriot-Watt University, Scottish College of Textiles and a M.B.A. from Massachusetts Institute of Technology. Announcement • May 20
Duluth Holdings Inc. to Report Q1, 2024 Results on Jun 01, 2023 Duluth Holdings Inc. announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on Jun 01, 2023 Reported Earnings • Mar 11
Full year 2023 earnings released: EPS: US$0.07 (vs US$0.91 in FY 2022) Full year 2023 results: EPS: US$0.07 (down from US$0.91 in FY 2022). Revenue: US$653.3m (down 6.5% from FY 2022). Net income: US$2.30m (down 92% from FY 2022). Profit margin: 0.4% (down from 4.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.65, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Online Retail industry in Europe. Total loss to shareholders of 38% over the past three years. Reported Earnings • Dec 02
Third quarter 2023 earnings released: US$0.19 loss per share (vs US$0.086 profit in 3Q 2022) Third quarter 2023 results: US$0.19 loss per share (down from US$0.086 profit in 3Q 2022). Revenue: US$147.1m (up 1.3% from 3Q 2022). Net loss: US$6.22m (down 322% from profit in 3Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 02
Duluth Holdings Inc. Provides Earnings Guidance for the Fiscal Year 2022 Duluth Holdings Inc. provided earnings guidance for the fiscal year 2022. For the year, the company expects Net sales in the range of $650 million to $680 million and EPS in the range of $0.05 to $0.20 per diluted share. Announcement • Nov 18
Duluth Holdings Inc. to Report Q3, 2023 Results on Dec 01, 2022 Duluth Holdings Inc. announced that they will report Q3, 2023 results Pre-Market on Dec 01, 2022 Recent Insider Transactions • Sep 08
Independent Director recently bought €50k worth of stock On the 6th of September, Brett Paschke bought around 6k shares on-market at roughly €7.89 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: US$0.072 (vs US$0.28 in 2Q 2022) Second quarter 2023 results: EPS: US$0.072 (down from US$0.28 in 2Q 2022). Revenue: US$141.5m (down 5.1% from 2Q 2022). Net income: US$2.37m (down 74% from 2Q 2022). Profit margin: 1.7% (down from 6.0% in 2Q 2022). Over the next year, revenue is forecast to grow 6.3%, compared to a 30% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 02
Duluth Holdings Inc. Updates Earnings Guidance for the Fiscal Year 2022 Duluth Holdings Inc. updated earnings guidance for the fiscal year 2022. For the period, the company expects net sales to be in the range of $680 million and $705 million and EPS in the range of $0.61 to $0.71 per diluted share. Announcement • Aug 19
Duluth Holdings Inc. to Report Q2, 2023 Results on Sep 01, 2022 Duluth Holdings Inc. announced that they will report Q2, 2023 results Pre-Market on Sep 01, 2022 Announcement • Aug 05
Duluth Holdings Inc. Appoints AJ Sutera to Senior Vice President, Chief Technology Officer & Logistics Duluth Holdings Inc. announced that Mr. AJ Sutera has been appointed Senior Vice President, Chief Technology Officer & Logistics effective August 15, 2022. Mr. Sutera joins Duluth Trading after serving as US Chief Technology & Operations Officer with Signa Sports United. Prior to Signa United Sports, Mr. Sutera was the Executive Vice President/Chief Technology & Information Officer with JD Sports Fashion. He also has served as the Senior Vice President/CTO for Hudson Bay Corporation and the Senior Vice President of Digital Technology & Operations, Saks Fifth Avenue. Announcement • Jun 24
Duluth Holdings Inc. Appoints Susan Riley to Its Board of Directors, Effective June 27, 2022 Duluth Holdings Inc. announced the appointment of Ms. Susan Riley to its Board of Directors effective June 27, 2022. Susan Riley is a seasoned executive with extensive board and governance experience, and more than 30 years of financial and operational leadership in retail, consumer products, medical and cosmetic industries. Susan most recently served as Interim President and Chief Executive Officer at PJM Interconnection, LLC, a regional transmission organization that coordinates the movement of wholesale electricity. A focused leader, Susan’s financial work within diverse environments and structures helped her develop the ability to quickly assess complex situations, and to address the most compelling issues with a strong track record of proven results. Her expertise includes major financial and operational restructurings, regulatory and disclosure compliance, strategic diversification, mergers and expanding global operations. Reported Earnings • Jun 03
First quarter 2023 earnings released: US$0.04 loss per share (vs US$0.017 profit in 1Q 2022) First quarter 2023 results: US$0.04 loss per share (down from US$0.017 profit in 1Q 2022). Revenue: US$122.9m (down 7.9% from 1Q 2022). Net loss: US$1.29m (down 338% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 9.8%, compared to a 34% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 03
Duluth Holdings Inc. Reaffirms Earnings Guidance for the Fiscal Year 2022 Duluth Holdings Inc. reaffirmed earnings guidance for the fiscal year 2022. The Company’s fiscal 2022 outlook is as follows: Net sales in the range of $730 million to $755 million and EPS in the range of $0.93 to $1.02 per diluted share. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to €11.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Online Retail industry in Europe. Total loss to shareholders of 14% over the past three years. Announcement • May 20
Duluth Holdings Inc. to Report Q1, 2023 Results on Jun 02, 2022 Duluth Holdings Inc. announced that they will report Q1, 2023 results Pre-Market on Jun 02, 2022 Announcement • Apr 09
Duluth Holdings Inc., Annual General Meeting, May 26, 2022 Duluth Holdings Inc., Annual General Meeting, May 26, 2022, at 08:30 Central Standard Time. Location: Headquarters location, 201 East Front Street Mount Horeb Wisconsin United States Agenda: To consider electing seven individuals nominated by the board of directors of Duluth Holdings Inc. to serve as directors until the 2023 annual meeting of shareholders; to ratify the appointment of KPMG LLP as independent registered public accountants for fiscal 2022; and to transact such other business as may properly come before the meeting. Reported Earnings • Mar 11
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: US$0.91 (up from US$0.42 in FY 2021). Revenue: US$698.6m (up 9.4% from FY 2021). Net income: US$29.7m (up 119% from FY 2021). Profit margin: 4.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 5.4%, compared to a 43% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Duluth Holdings Inc. to Report Q4, 2022 Results on Mar 10, 2022 Duluth Holdings Inc. announced that they will report Q4, 2022 results Pre-Market on Mar 10, 2022 Announcement • Jan 12
Duluth Holdings Inc. Re-Affirms Earnings Guidance for Fiscal 2021 Duluth Holdings Inc. re-affirmed earnings guidance for Fiscal 2021. For the fiscal, the company expected Net sales in the range of $700 million to $715 million and EPS in the range of $0.81 to $0.86 per diluted share. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 23% share price gain to €14.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Online Retail industry in Europe. Total loss to shareholders of 38% over the past three years. Reported Earnings • Dec 03
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$0.085 (up from US$0.029 in 3Q 2021). Revenue: US$145.3m (up 7.2% from 3Q 2021). Net income: US$2.81m (up 199% from 3Q 2021). Profit margin: 1.9% (up from 0.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 12%, compared to a 53% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Dec 03
Duluth Holdings Inc. Updates Earnings Guidance for the Fiscal Year Ending January 30, 2022 Duluth Holdings Inc. updated earnings guidance for the fiscal year ending January 30, 2022. For the year, the company expects net sales in the range of $700 million to $715 million; EPS in the range of $0.81 to $0.86 per diluted share; net income in the range of $26,500,000 to $28,100,000. Reported Earnings • Sep 05
Second quarter 2022 earnings released: EPS US$0.28 (vs US$0.18 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$149.1m (up 8.6% from 2Q 2021). Net income: US$8.99m (up 51% from 2Q 2021). Profit margin: 6.0% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Sep 03
Duluth Holdings Inc. Provides Earnings Guidance for the Fiscal Year Ended January 30, 2022 Duluth Holdings Inc. provided earnings guidance for the fiscal year ended January 30, 2022. The company expects net sales in the range of $700 million to $715 million. EPS in the range of $0.71 to $0.76 per diluted share. Net income to be $23,500,000 - $25,000,000. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 16% share price gain to US$16.30, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 54x in the Online Retail industry in Germany. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.95 per share. Recent Insider Transactions • Jun 29
Founder & Non-Executive Chairman recently sold €122k worth of stock On the 25th of June, Stephen Schlecht sold around 8k shares on-market at roughly €15.05 per share. This was the largest sale by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Reported Earnings • Jun 05
First quarter 2022 earnings released: EPS US$0.017 (vs US$0.47 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$133.4m (up 21% from 1Q 2021). Net income: US$544.0k (up US$15.7m from 1Q 2021). Profit margin: 0.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jun 04
Duluth Holdings Inc. Provides Earnings Guidance for the Year 2021 Duluth Holdings Inc. provided earnings guidance for the year 2021. For the year, the company expects net sales in the range of $695 million to $710 million and EPS in the range of $0.66 to $0.72 per diluted share. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 17% share price gain to US$14.60, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 44x in the Online Retail industry in Germany. Total returns to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.59 per share. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS US$0.42 (vs US$0.59 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: US$638.8m (up 3.8% from FY 2020). Net income: US$13.6m (down 28% from FY 2020). Profit margin: 2.1% (down from 3.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Duluth Holdings Inc. Announces Sales Guidance for the Year 2021 Duluth Holdings Inc. announced that as uncertainties related to COVID-19 begin to slowly decline, the Company expects to see steady improvement in demand in fiscal 2021. The Company provided the following fiscal 2021 outlook: Net sales in the range of $680 million to $700 million. Announcement • Feb 23
Duluth Holdings Inc. to Report Q4, 2021 Results on Mar 18, 2021 Duluth Holdings Inc. announced that they will report Q4, 2021 results Pre-Market on Mar 18, 2021 Is New 90 Day High Low • Dec 06
New 90-day low: €9.70 The company is down 7.0% from its price of €10.40 on 07 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.23 per share. Reported Earnings • Dec 05
Third quarter 2021 earnings released: EPS US$0.029 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$135.5m (up 13% from 3Q 2020). Net income: US$940.0k (up 417% from 3Q 2020). Profit margin: 0.7% (up from 0.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year. Analyst Estimate Surprise Post Earnings • Dec 05
Revenue misses expectations Revenue missed analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 7.4%, compared to a 46% growth forecast for the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Dec 04
Market pulls back on stock over the past week After last week's 19% share price decline to US$9.70, the stock is trading at a trailing P/E ratio of 25.2x, down from the previous P/E ratio of 31.1x. This compares to an average P/E of 63x in the Online Retail industry in Germany. Total return to shareholders over the past three years is a loss of 39%. Announcement • Nov 20
Duluth Holdings Inc. to Report Q3, 2021 Results on Dec 03, 2020 Duluth Holdings Inc. announced that they will report Q3, 2021 results on Dec 03, 2020 Valuation Update With 7 Day Price Move • Nov 20
Market pulls back on stock over the past week After last week's 16% share price decline to US$10.90, the stock is trading at a trailing P/E ratio of 27.7x, down from the previous P/E ratio of 32.8x. This compares to an average P/E of 54x in the Online Retail industry in Germany. Total return to shareholders over the past three years is a loss of 28%. Valuation Update With 7 Day Price Move • Oct 27
Market bids up stock over the past week After last week's 18% share price gain to US$14.10, the stock is trading at a trailing P/E ratio of 35.4x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 77x in the Online Retail industry in Germany. Total return to shareholders over the past three years is a loss of 17%.