Duluth (DLTH)

Search documents
Duluth Holdings Inc. to Report Second Quarter 2025 Financial Results on September 4, 2025
Globenewswire· 2025-08-21 09:45
Company Overview - Duluth Trading Company is a lifestyle brand offering men's and women's casual wear, workwear, and accessories, based in Mount Horeb, Wisconsin [2] - The company focuses on high-quality, solution-based products for individuals who lead a hands-on lifestyle and value a job well done [2] Financial Results Announcement - Duluth Trading will report its second quarter 2025 financial results before the market opens on September 4, 2025 [1] - A conference call and audio webcast for analysts and investors will take place on the same day at 9:30 AM Eastern Time to discuss the results and address questions [1] Investor Relations - Investors can access the live conference call at 1-844-875-6915 (domestic) or 1-412-317-6711 (international) [2] - A replay of the conference call will be available until September 10, 2025 [2] - Investors are encouraged to pre-register for the call to expedite entry [3]
Quebec Innovative Materials Corp. (QIMC) Announces Orvian Natural Resources I LLC Has Secured Strategic US Land Package in Minnesota's Duluth Complex for Clean Natural Hydrogen Development
Newsfile· 2025-07-30 11:30
Core Insights - Quebec Innovative Materials Corp. (QIMC) has announced that its strategic partner, Orvian Natural Resources I LLC, has secured a significant land package of 1,600 acres in Minnesota's Duluth Complex for clean natural hydrogen development [1][2][3] - The Duluth Complex's geological characteristics closely resemble QIMC's successful hydrogen-producing model in Quebec, providing confidence in the area's potential for clean natural hydrogen [3][2] - QIMC is actively pursuing additional land packages in high-value areas of Minnesota to further expand its hydrogen development efforts [2][3] Company Developments - QIMC expresses gratitude to its partners and teams involved in securing the land package, highlighting the collaborative efforts in this strategic acquisition [4] - The company will participate in the Drilling for Hydrogen Conference on September 15-16, 2025, in Houston, Texas, to engage with international partners and industry leaders [5][6] - QIMC is committed to expanding its hydrogen development footprint across North America while respecting local communities and the environment [6][8]
Duluth Holdings (DLTH) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2025-06-19 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify promising stocks [3] Group 2: Duluth Holdings (DLTH) Analysis - Duluth Holdings has shown a price increase of 8.2% over the past four weeks, indicating growing investor interest [4] - The stock gained 7% over the past 12 weeks and has a beta of 1.3, suggesting it moves 30% more than the market [5] - DLTH has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to DLTH earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - DLTH is trading at a Price-to-Sales ratio of 0.12, suggesting it is undervalued at 12 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides DLTH, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks [9]
Duluth Couple Opens AtWork to Serve West Gwinnett Community
GlobeNewswire News Room· 2025-06-13 12:30
Company Overview - AtWork is a leading staffing franchise in the United States, with over 100 locations nationwide and headquartered in Knoxville, Tennessee [6] - The company has been recognized by various organizations, including Forbes and Entrepreneur®, for its excellence in staffing and diversity initiatives [6] New Location Opening - AtWork has opened a new location in Duluth, Georgia, at 6601 Sugarloaf Parkway, Ste. 220, strategically positioned near I-85 and Gas South Arena [1][4] - The new branch, AtWork West Gwinnett, aims to provide staffing solutions for job seekers and businesses in the area [4] Leadership and Experience - The new location is locally owned by Wendy Smith and her husband, Jeremy, with Wendy bringing over 25 years of experience in human resources and a background in HR consulting [2] - Wendy is a Six Sigma Master Black Belt and holds a certification in AI strategy from Cornell University, focusing on AI's impact on the workforce [2] Mission and Impact - AtWork's mission is to connect people with jobs and jobs with people, having placed nearly 40,000 individuals in various positions annually [3] - The company emphasizes the transformative power of employment on individuals, families, and communities [3] Community Engagement - The Smiths are committed to fostering community connections and supporting local youth through their new staffing location [2][4] - Jason Leverant, President and COO of AtWork, highlighted the importance of the new location in helping employees thrive and businesses prosper [4]
Duluth Holdings (DLTH) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-06-10 17:01
Core Viewpoint - Duluth Holdings (DLTH) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Recent Performance of Duluth Holdings - Duluth Holdings is expected to earn -$0.58 per share for the fiscal year ending January 2026, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Duluth Holdings has increased by 21.6%, reflecting a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Duluth Holdings' upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].
Duluth Holdings Inc. Reduces Workforce by 3%
Globenewswire· 2025-06-10 13:34
Core Insights - Duluth Trading Company announced a workforce reduction of 51 employees, representing 3% of its total workforce, as part of its expense savings initiatives [1] - The expenses related to this workforce reduction were less than $1 million, aimed at reducing complexity and increasing focus on brand awareness and product innovation [1] Company Overview - Duluth Trading is a lifestyle brand offering high-quality, solution-based casual wear, workwear, and accessories for men and women [2] - The company emphasizes an engaging customer experience through humor and storytelling in its marketing, available via its website, catalogs, and unique retail locations [2] - Duluth Trading is committed to outstanding customer service, backed by its "No Bull Guarantee" [2]
Duluth (DLTH) - 2026 Q1 - Quarterly Report
2025-06-06 15:59
Financial Performance - Net sales decreased by $14.0 million, or 12.0%, to $102.7 million in the first quarter of fiscal 2025 compared to $116.7 million in the same period of fiscal 2024[119]. - Gross profit decreased by $8.3 million, or 13.4%, to $53.4 million, with gross margin decreasing to 52.0% from 52.8% year-over-year[121]. - The net loss for the first quarter of fiscal 2025 was $15.3 million, compared to a net loss of $7.9 million in the prior year[111]. - Adjusted EBITDA decreased to ($3.8) million in the first quarter of fiscal 2025, down from $1.8 million in the same period of fiscal 2024[111]. - Net loss attributable to controlling interest was $15.3 million for the three months ended May 4, 2025, compared to a net loss of $7.9 million for the same period in 2024[125]. - Adjusted EBITDA decreased by $5.6 million to $(3.8) million in the three months ended May 4, 2025, compared to $1.8 million in the same period of 2024, representing a decrease to (3.7%) of net sales from 1.6%[127]. Sales Breakdown - Store market net sales decreased by $6.4 million, or 8.2%, to $71.6 million, while non-store market net sales decreased by $5.5 million, or 16.5%, to $28.0 million in the same period[120]. - The decrease in net sales was primarily driven by a decline in web traffic due to slower promotional activity[119]. Expenses and Cash Flow - Selling, general and administrative expenses decreased by $4.9 million, or 6.9%, to $65.7 million, but as a percentage of net sales, it increased to 64.0% from 60.5%[122]. - Net cash used in operating activities was $56.5 million for the three months ended May 4, 2025, compared to $33.7 million for the same period in 2024[134]. - Cash used in operating assets and liabilities was $50.3 million for the three months ended May 4, 2025, primarily due to a $28.2 million decrease in accounts payable and a $9.6 million increase in inventory[134]. - Income tax expense was $1.3 million for the three months ended May 4, 2025, compared to an income tax benefit of $2.1 million for the same period in 2024[124]. - Net cash used in investing activities was $1.3 million for the three months ended May 4, 2025, compared to $1.5 million for the same period in 2024[136]. Capital Expenditures and Financing - The company expects to spend approximately $17.0 million on capital expenditures in fiscal 2025, primarily for logistics optimization and information technology[129]. - Net cash provided by financing activities was $63.0 million for the three months ended May 4, 2025, compared to $9.8 million for the same period in 2024[137]. - The company believes that cash flow from operating activities and available cash under the credit facility will be sufficient to cover working capital requirements and anticipated capital expenditures for the foreseeable future[130]. Operational Overview - The company operated 62 retail stores and three outlet stores as of May 4, 2025, reflecting ongoing expansion efforts[103]. - The macroeconomic environment is experiencing inflation and recessionary concerns, impacting store traffic and consumer demand[108]. - The company continues to focus on direct-to-factory sourcing initiatives to improve product costs despite challenges in gross margin[121].
Duluth (DLTH) - 2026 Q1 - Earnings Call Transcript
2025-06-05 14:32
Financial Data and Key Metrics Changes - The company reported Q1 2025 net sales of $102.7 million, a decrease of 12% compared to the previous year [16] - Reported EPS loss was $0.45, while adjusted EPS loss was $0.32, with adjustments totaling $4.5 million [16] - Adjusted EBITDA for the quarter was negative $3.8 million [16] - Gross profit margin rate declined by 80 basis points year-over-year, but improved by over 300 basis points in March and April combined compared to last year [17][18] Business Line Data and Key Metrics Changes - Direct channel sales, excluding wholesale, fell by 14.6%, with web traffic declining but partially offset by higher average order value (AOV) [16] - Retail store sales declined by 2.6%, but profitability trends improved as promotions were reduced [17] - The company plans to reduce SKU count by at least 20% by spring 2026, focusing on core men's and women's workwear [9][23] Market Data and Key Metrics Changes - Mobile sales penetration increased by 200 basis points, with mobile conversion trending upwards [16] - Inventory levels increased by 29% year-over-year, with a current inventory mix of 91% core products and 9% clearance [19] Company Strategy and Development Direction - The company is focusing on three key areas: brand awareness, solution-based products, and customer service [6][9] - A significant expense savings initiative is expected to yield annualized savings of approximately $15 million, with at least $10 million realized in the current fiscal year [10] - The company is rationalizing its store portfolio, with nearly 25% of store leases up for renewal through 2026 [13][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain macroeconomic environment and emphasized the need to manage expenses prudently [25] - The company is maintaining its fiscal year 2025 financial guidance, with an adjusted EBITDA range of $20 million to $25 million [20] - Management is optimistic about the path forward, focusing on brand and product enablers to achieve profitable growth [14][42] Other Important Information - The company has transitioned its line of credit to an asset-based lending agreement, providing a $100 million limit with improved borrowing rates [20][25] - The company anticipates approximately $14 million in additional product costs due to tariffs, with minimal exposure to China [21][22] Q&A Session Summary Question: Can you elaborate on building brand awareness and marketing strategies? - Management is evaluating investments in the marketing funnel, particularly in upper funnel activities to drive brand awareness, with initial successes noted [30][31] Question: What are the consumer responses to the promotional reductions and potential price increases? - Management observed sequential improvement in gross margin rates and positive trends in conversion and full-price sales as promotions were refined [34][38]
Duluth (DLTH) - 2026 Q1 - Earnings Call Transcript
2025-06-05 14:30
Financial Data and Key Metrics Changes - The company reported Q1 2025 net sales of $102.7 million, a decline of 12% compared to the previous year [16] - Reported EPS loss was $0.45, while adjusted EPS loss was $0.32, with adjustments totaling $4.5 million [16] - Adjusted EBITDA for the quarter was negative $3.8 million [16] - Gross profit margin rate declined by 80 basis points year-over-year, but improved by over 300 basis points in March and April combined compared to last year [17][18] - Inventory increased by $39.7 million or 29% year-over-year, with a current inventory mix of 91% core products and 9% clearance [19] Business Line Data and Key Metrics Changes - Direct channel sales, excluding wholesale, fell by 14.6%, with web traffic declining but higher average order value (AOV) partially offsetting this [16][17] - Retail store sales declined by 2.6%, but profitability trends improved due to reduced promotions [17] Market Data and Key Metrics Changes - Mobile sales penetration increased by 200 basis points, with mobile conversion trending upwards [17] - The company is experiencing a shift in promotional strategy, reducing the number of promotional days by 35% and the depth of promotions from 25% to 20% on average [16] Company Strategy and Development Direction - The company is focusing on three key areas: brand awareness, solution-based products and product innovation, and customer service [6][14] - A significant reduction in SKU count by at least 20% is planned by spring 2026 to enhance efficiency in inventory purchases and marketing activities [9][24] - The company is implementing an expense savings initiative expected to yield annualized savings of approximately $15 million [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need to restore financial health and is taking decisive actions to right-size the business [10][14] - The company is maintaining its fiscal year 2025 financial guidance, with adjusted EBITDA expected to range from $20 million to $25 million [20] - Management is aware of the uncertain macroeconomic environment and is focused on managing expenses and operational execution [26] Other Important Information - The company has transitioned its line of credit to an asset-based lending agreement, providing a $100 million limit with improved borrowing rates [20][26] - The company anticipates approximately $14 million in additional product costs due to tariffs, with minimal exposure to China [21][22] Q&A Session Summary Question: Can you elaborate on building brand awareness and marketing strategies? - Management is evaluating investments in the marketing funnel, particularly in upper funnel activities to drive brand awareness, with initial successes noted [31][33] Question: What are the consumer responses to the promotional reductions and potential price increases? - Management observed sequential improvement in gross margin rates and is balancing promotional activities while being cautious about pricing strategies to maintain customer retention [35][37]
Duluth (DLTH) - 2026 Q1 - Quarterly Results
2025-06-05 12:29
Financial Performance - Net sales for the first quarter of fiscal 2025 were $102.7 million, a decrease of 12.0% compared to $116.7 million in the same period last year[6] - The company reported a net loss of $15.3 million, with an adjusted net loss of $10.8 million, compared to a net loss of $7.9 million in the prior year first quarter[6] - Adjusted EBITDA decreased by $5.6 million to ($3.8) million, representing (3.7%) of net sales[6] - Net sales for the three months ended May 4, 2025, were $102,704, a decrease of 12% compared to $116,684 for the same period in 2024[28] - Gross profit for the same period was $53,355, down 13% from $61,624 year-over-year[28] - The company reported a net loss of $15,264 for the three months ended May 4, 2025, compared to a net loss of $7,865 in the prior year[28] - Operating loss for the three months ended May 4, 2025, was $12,352, compared to an operating loss of $8,971 in the same period last year[28] - The company reported a net cash used in operating activities of $56,463 for the three months ended May 4, 2025, compared to $33,666 in the prior year[30] Sales Channels - Direct-to-consumer net sales decreased by 17.1% to $62.6 million, primarily due to lower site traffic[8] - Retail store net sales decreased by 2.6% to $40.2 million, attributed to slower store traffic[8] Profitability Metrics - Gross profit margin decreased by 80 basis points to 52.0%, with gross profit declining to $53.4 million from $61.6 million in the prior year[9] - Adjusted net loss attributable to controlling interest was $10,756, translating to an adjusted net loss per share of $0.32[35] Expenses and Liabilities - Selling, general and administrative expenses decreased by 6.9% to $65.7 million, representing 64.0% of net sales[10] - Total current assets increased to $211,124 as of May 4, 2025, from $191,631 a year earlier, reflecting a growth of 10%[25] - Total liabilities rose to $298,812, up 10% from $272,763 in the previous year[25] - The company experienced a significant increase in interest expense, which rose to $1,481 from $993 year-over-year[28] Cash Position - The company ended the quarter with $8.6 million in cash and cash equivalents and $44.6 million in total liquidity[11] - Cash and cash equivalents at the end of the period were $8,579, an increase from $6,799 at the end of the same period last year[30] Strategic Focus - The company is maintaining its previously issued fiscal 2025 financial guidance, with updates to be provided as macroeconomic conditions change[12] - Management is focused on business simplification and enhancing brand awareness, product innovation, and customer service to drive shareholder value[4]