Brief: Duluth Holdings Announces Q3 2022 Financial Results

Duluth Holdings

01/12/2022 11:48

Dec 1 (Reuters) - Duluth Holdings Inc  DLTH.O :
    * . ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS
    * Q3 SALES ROSE 1.3 PERCENT TO $147.1 MILLION
    * UPDATES FISCAL 2022 OUTLOOK
    * SEEING IMPACTS OF INFLATIONARY ENVIRONMENT ON OUR CORE
CONSUMERS
WHICH WE BELIEVE WILL CONTINUE THROUGH Q4 AND INTO NEXT YEAR
    * SEES FISCAL 2022 NET SALES IN RANGE OF $650 MILLION TO
$680
MILLION
    * IN Q3 WE TOOK APPROPRIATE ACTIONS ALIGNED WITH SHIFT IN
CONSUMER
BEHAVIOR RESULTING IN CONTRACTION IN OUR SELLING GROSS MARGINS
    * SEES FISCAL 2022 EPS IN RANGE OF $0.05 TO $0.20 PER
DILUTED
SHARE
    * QTRLY LOSS PER SHARE ATTRIBUTABLE TO CONTROLLING INTEREST
$0.19
    * Q3 EARNINGS PER SHARE VIEW $-0.11, REVENUE VIEW $144.3
MILLION
-- REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $0.85, REVENUE VIEW $681.2
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX9qg3bm 
Further company coverage:  DLTH.O 
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