Duluth Holdings tumbles on lower Q2 results; CFO to step down

Duluth Holdings

31/08/2023 13:30

** Shares of apparel retailer Duluth Holdings  LTH.O  fall
11.9% to $6.47 premarket
    ** Co reports Q2 net loss of $2 mln or 6 cents/shr vs.
profit of $2.3 mln or 7 cents/shr a year earlier
    ** LTH posts quarterly revenue of $139.1 mln, down from
$141.5 mln in Q2 2022
    ** Chief Financial Officer Dave Loretta to step down on
September 15 to accept an employment opportunity outside co
    ** 1 of 4 brokerages rate the stock "buy" or higher, 3
"hold"; median PT is $7
    ** Up to Wednesday's close, stock had risen 18.9% YTD

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))