Duluth Holdings' Q2 2024 Enticed Market, But Operations Are Not Improving - Still A Hold [Seeking Alpha]
Duluth Holdings Inc. - Class B (DLTH)
Last duluth holdings inc. - class b earnings: 3/19 08:30 am
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US:NASDAQ Investor Relations:
ir.duluthtrading.com
Company Research
Source: Seeking Alpha
Summary Duluth's 2Q24 results were in line, with a 1.8% YoY sales growth, but ongoing issues with inventory and assortment management persist. Despite positive sales growth, the stock remains a hold due to unchanged fundamentals and potential challenges in 3Q24, including high inventory clearance and seasonal cash requirements. SG&A showed some improvement excluding non-recurring expenses, but overall operational leverage remains a concern. Valuation remains consistent with low single-digit growth and gross margin improvement, but merchandising improvements are needed before considering Duluth as an opportunity. Joe Hendrickson Duluth Holdings' ( NASDAQ: DLTH ) 2Q24 was not very surprising from a results perspective, but the markets liked the quarter, with the stock reaping almost 30% in the few days after the release. This seems normal for a company with significant operational leverage, in which small tweaks to sales and margins make a big difference in profitability.
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DLTH
News
- Duluth Holdings Second Quarter 2025 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Duluth Holdings Inc. (DLTH) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Duluth (DLTH) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Duluth Holdings rallies as Q2 loss narrows, sales beat expectations [Seeking Alpha]Seeking Alpha
- Duluth Holdings (DLTH) Reports Q2 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
DLTH
Earnings
- 8/29/24 - Beat
DLTH
Sec Filings
- 9/26/24 - Form 8-K
- 9/10/24 - Form 4
- 9/10/24 - Form 4
- DLTH's page on the SEC website