Disappointing third-quarter results lead to revised guidance

  • Duluth Holdings expects wider loss and lower sales for fiscal 2023
  • Loss per share expected to be 15 cents to 25 cents
  • Sales projected to be $640 million to $655 million
  • Adjusted EBITDA projected to be $35 million to $39 million

Duluth Holdings, the maker of workwear and outdoor apparel, has revised its guidance for fiscal 2023 after recording weaker-than-expected third-quarter results. The company now expects a wider loss of 15 cents to 25 cents per share, compared to its previous guidance of eight cents to 15 cents per share. Sales projections have also been lowered to $640 million to $655 million, down from the previous range of $645 million to $660 million. Additionally, adjusted EBITDA is now projected to be $35 million to $39 million, down from the previous forecast of $40 million to $42 million.

Public Companies: Duluth Holdings (N/A)
Private Companies:
Key People: Dean Seal (N/A)

Factuality Level: 8
Justification: The article provides specific information about Duluth Holdings’ revised financial projections for fiscal 2023, including the expected loss per share, sales projections, and adjusted EBITDA. The information is based on the company’s own guidance and compares it to previous forecasts. There is no indication of irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The article is focused on the main topic and does not contain digressions or unnecessary background information. The information provided appears to be accurate and objective, without any bias or personal perspective. Overall, the article meets the criteria for a high factuality level.

Noise Level: 7
Justification: The article provides specific information about Duluth Holdings’ financial performance and revised guidance for fiscal 2023. However, it lacks context or analysis on the reasons behind the weaker results and the potential impact on the company’s future prospects. It also does not provide any evidence or examples to support its claims. Overall, the article contains relevant information but lacks depth and analysis.

Financial Relevance: Yes
Financial Markets Impacted: Duluth Holdings

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides financial information about Duluth Holdings, a company in the workwear and outdoor apparel industry. It discusses the company’s wider loss and lower sales projections for fiscal 2023, which can impact its financial performance and potentially affect its stock value.

Reported publicly: www.marketwatch.com