Duluth Holdings 4Q Sales Decline, Swings to Loss

Dow Jones
03-13
 

By Denny Jacob

 

Duluth Holdings posted a decline in fourth-quarter sales and swung to a loss, results the company said were affected by delays at its fulfillment center.

The maker of workwear and outdoor apparel swung to a loss of $5.6 million, or 17 cents a share, for the fourth quarter ended Feb 2., compared to net income of $6.8 million, or 21 cents a share, in the year-ago period.

Sales edged down to $241.3 million from $245.6 million in the prior-year period. Analysts polled by FactSet expected $252.7 million.

Chief Executive Sam Sato said delays in processing at its fulfillment center affected its ability to meet the company's fourth-quarter expectations.

"To fulfill the backlog of orders and preserve higher quality sales for the remainder of the quarter we adjusted our promotional depth and frequency lower," added Sato.

For fiscal 2025, Duluth forecast sales to be in the range of $570 million to $595 million. Analysts polled by FactSet expected $642.5 million.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

March 13, 2025 06:17 ET (10:17 GMT)

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