Brief: Duluth Holdings Announces First Quarter Fiscal 2020 Financial Results

Duluth Holdings

04/06/2020 15:42

June 4 (Reuters) - Duluth Holdings Inc  DLTH.O :
    * SEES 2020 CAPITAL SPEND LEVELS OF ABOUT $15 MILLION 
    * . ANNOUNCES FIRST QUARTER FISCAL 2020 FINANCIAL RESULTS
    * Q1 LOSS PER SHARE $0.47
    * Q1 SALES $109.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$92
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.42 -- REFINITIV IBES
DATA
    * QTRLY RETAIL STORE NET SALES DECREASED 51.8%
    * SURGE IN ONLINE DEMAND WAS SIGNIFICANT AND IT DROVE DIRECT
PRODUCT SALES TO INCREASE 32% YEAR-OVER-YEAR IN Q1

Source text: (https://reut.rs/2Xy557I)
Further company coverage:  DLTH.O 

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