Duluth Holdings: Slips on Q3 revenue miss
03/12/2020 15:05
** Shares of apparel retailer DLTH.O down 10.3% at $12.58
** Co posts Q3 revenue of $135.5 mln, slightly below
estimate of $136.1 mln, according to Refinitiv IBES urn:newsml:reuters.com:*:nGNX9CBh03
** DLTH says Q3 selling and administrative expenses rose
6.48% to $68.2 mln due to increased shipping costs, higher
retail overhead costs driven by new store growth and increased
depreciation expense associated with investments in technology
** Reports Q3 income of $0.03/shr vs estimated loss of
$0.02/shr, according to Refinitiv IBES
** DLTH shares are up 19.47% so far this year
(Reporting by Lasya Priya M in Bengaluru)
((LasyaPriya.M@thomsonreuters.com;))