
Core Viewpoint - Duluth Holdings reported a quarterly loss of $0.02 per share, outperforming the Zacks Consensus Estimate of a loss of $0.12, indicating an earnings surprise of 83.33% [1] - The company generated revenues of $141.62 million for the quarter ended July 2024, exceeding the Zacks Consensus Estimate by 7.04% [2] Financial Performance - The loss per share of $0.02 compares favorably to a loss of $0.06 per share a year ago, showing improvement [1] - Year-over-year revenue increased from $139.1 million to $141.62 million, reflecting a positive growth trend [2] Market Position - Duluth Holdings shares have declined approximately 40% since the beginning of the year, contrasting with the S&P 500's gain of 17.2% [3] - The company has surpassed consensus EPS estimates only once in the last four quarters [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.23, with expected revenues of $139 million, and for the current fiscal year, the estimate is -$0.23 on revenues of $639.5 million [7] - The Zacks Industry Rank places the Textile - Apparel sector in the bottom 30% of over 250 Zacks industries, which may impact stock performance [8] Estimate Revisions - The trend for estimate revisions for Duluth Holdings is mixed, leading to a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions [5]