Strong performance in women’s apparel boosts revenue
- Duluth Holdings reports decline in 4Q profit
- Revenue boosted by strong performance in women’s apparel
- Guides for improvements in sales and earnings in new fiscal year
- Net income of $7 million, compared to $7.5 million in the same quarter last year
- Net sales rose to $245.6 million from $241.8 million
- Women’s business saw over 12% sales growth
- Men’s apparel net sales were flat
- Expects net sales in the range of $640 million to $660 million for the new fiscal year
- Loss per share expected between 22 cents and 7 cents
Duluth Holdings reported a decline in profit for the fourth fiscal quarter, despite higher revenue driven by a strong performance in women’s apparel. The company expects improvements in sales and earnings in the new fiscal year. Net income for the quarter was $7 million, compared to $7.5 million in the same quarter last year. Net sales increased to $245.6 million from $241.8 million. The women’s business saw a significant sales growth of over 12%, while men’s apparel net sales remained flat. Looking ahead, Duluth projects net sales in the range of $640 million to $660 million for the new fiscal year, with a loss per share expected between 22 cents and 7 cents.
Factuality Level: 8
Factuality Justification: The article provides specific details about Duluth Holdings’ financial performance in the fourth fiscal quarter, including net income, earnings per share, and net sales. It also includes information about the company’s outlook for the new fiscal year. The article does not contain any obvious bias, misleading information, or sensationalism. Overall, the article presents factual information about Duluth Holdings’ financial results and future expectations.
Noise Level: 3
Noise Justification: The article provides relevant information about Duluth Holdings’ financial performance in the fourth fiscal quarter, including details on profit, revenue, and guidance for the new fiscal year. The article stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from receiving a higher rating.
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
Rating Justification: The article pertains to the financial performance of Duluth Holdings, a workwear and accessories company. It provides information on their decline in profit in the fourth fiscal quarter and their guidance for improvements in sales and earnings in the new fiscal year. There is no mention of any extreme event.
Public Companies: Duluth Holdings (DLTH)
Key People: Sam Sato (Chief Executive)
Reported publicly:
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