Duluth shares fall on FY forecast cut

Duluth Holdings

01/09/2022 13:37

** Shares of apparel retailer Duluth Holdings  DLTH.O  down
14.9% at $7.55 before the bell
    ** Co lowers fiscal 2022 net sales guidance to $680 mln-
$705 mln from its prior expectation of $730 mln-$755 mln
 urn:newsml:reuters.com:*:nGNX8SMtfN
    ** Cuts annual profit forecast in the range of 61-71 cents
per diluted share from its previous guidance of 93 cents-$1.02 
    ** Posts 5.1% fall in Q2 net sales to $141.5 mln, hurt by
macro uncertainty and inflationary pressures impacting
discretionary spending
    ** Reports Q2 profit of $2.4 million vs $9.0 million 
    ** As of last close, DLTH shares were down ~41.6% YTD

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((aatrayee.chatterjee@thomsonreuters.com))