Duluth Q4 Earnings Call Highlights

Adjusted EBITDA for the fourth quarter was $17.5 million, up $8.9 million, representing an 8.1% margin and a 460-basis-point improvement.Despite lower sales, gross margin expanded 890 basis points to 53%, which the company attributed to the promotional reset and pricing discipline. Agrawal said the company delivered net income of $7.8 million, an increase of $13.4 million, with reported EPS of $0.22 and adjusted EPS of $0.23. Adjusted EPS included $0.3 million of net restructuring expense related to the Sal ...