Duluth Holdings' Q2 2024 Enticed Market, But Operations Are Not Improving - Still A Hold

Joe Hendrickson Duluth Holdings' (NASDAQ:DLTH) 2Q24 was not very surprising from a results perspective, but the markets liked the quarter, with the stock reaping almost 30% in the few days after the release. This seems normal for a company with significant operational leverage, in which small tweaks to sales and margins make a big difference in profitability. From an operational standpoint, I still do not see improvement in what, I believe, are Duluth's key operational problems: assortment and inventory man ...