DLTH Earnings Prediction
The chart below shows how DLTH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DLTH sees a +4.13% change in stock price 10 days leading up to the earnings, and a -4.74% change 10 days following the report. On the earnings day itself, the stock moves by -1.18%. This data can give you a slight idea of what to expect for the next quarter's release.
DLTH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
138.21M
-6.06%
-0.64%
Gross Margin
50.22%
-3.94%
-2.28%
Operating Margin
-8.99%
79.08%
764.42%
Net Margin
-7.58%
78.77%
422.76%
EPS
-0.32
-68.42%
433.33%
No Data Available
DLTH Earnings Analysis
Duluth Holdings Inc. Class B Common Stock Corporation (DLTH.O) Earnings Conference Call
Positive
Sales Decline with Margin Growth: Duluth Trading's third quarter 2024 net sales were $127.1 million down 8.1% with gross margin expansion of 210 basis points versus last year to 52.3%.
EPS Loss Analysis: Our reported EPS loss is $0.85 and adjusted EPS loss is $0.41. Adjustments to EPS include $6.2 million in restructuring charges related to the exit of one of our legacy fulfillment centers as announced previously and a $10.1 million valuation allowance on our deferred tax asset.
Q3 2024 Net Sales Decline: Our Q3 2024 net sales declined to $127.1 million as fewer transactions were partially offset by higher order value fueled by higher units per transaction. Sales in the first half of the quarter were flat to last year.
Gross Margin Expansion: In the third quarter, our gross margin expanded 210 basis points to 52.3%, driven by improved product cost from our direct-to-factory sourcing initiative. Having sourced through the older higher-cost inventory, our gross margin year-to-date is 90 basis points higher than last year.
Debt and Liquidity Overview: We ended the quarter with $44 million of outstanding debt on our line of credit. We had $9.3 million of cash and cash equivalents at the end of the quarter. Our balance sheet remains strong with liquidity of $165 million.
Negative
Net Sales Decline: Net sales declined by 8.1% to $127.1 million, impacted by warmer weather affecting fall-winter seasonal sales.
Direct Channel Sales Decline: Direct channel sales decreased by 8.3% in the quarter, contributing to overall sales decline.
Retail Sales Decline: Retail store sales fell by 7.8%, driven by decreased traffic and lower conversion rates.
Women's Business Decline: Women's business declined by 4%, affected by seasonal goods performance.
Men's Business Decline: Men's business decreased by 10%, primarily due to colder weather categories.
DLTH FAQs
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DLTH Earning Call Sentiment
Duluth Holdings Inc. (DLTH) Q3 2024 Earnings Call Transcript
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DLTH.O
-2.19%Positive
The earnings call reveals a negative sentiment due to several factors: an 8.1% sales decline, increased inventory levels, and restructuring expenses impacting financial performance. Despite some positive elements like gross margin expansion and liquidity outlook, the lack of a shareholder return plan and negative guidance on SG&A expenses and promotional activity weigh heavily. The Q&A section highlights management's lack of clarity on store closures, adding uncertainty. Overall, the negative aspects, especially the sales decline and inventory issues, suggest a negative stock price movement.
