Stock within Traders Radar: Duluth Holdings Inc. (NASDAQ:DLTH)

Duluth Holdings Inc. (NASDAQ:DLTH) stock price is trading downbeat from its 200 days moving average with -42.03% and down from 50 days moving average with -12.46%. EPS growth in next five years is projected to arrive at 25.00%. Sales growth past 5 years was measured at 28.40%. The company has 10.69M shares outstanding and market value of 0.33.

Duluth Holdings Inc. (DLTH) recently reported its financial results for the fiscal first quarter ended May 5, 2019.

Highlights for the First Quarter Ended May 5, 2019

  • Net sales raised 14.0% to $114.2M contrast to $100.2M in the prior-year first quarter
  • Gross margin reduced 250 basis points to 53.3% contrast to 55.8% in the prior-year first quarter
  • Operating loss of $9.7M contrast to operating loss of $0.3M in the prior-year first quarter
  • Net loss of $7.6M, or $0.23 per diluted share, contrast to net loss of $0.7M, or $0.02 per diluted share, in the prior-year first quarter
  • Adjusted EBITDA1 of $(4.4)M contrast to $2.6M in the prior-year first quarter
  • The Company opened five retail stores in Friendswood, TX; Katy, TX; Wichita, KS; Spokane Valley, WA; and Jacksonville, FL, totaling about 78,000 gross square feet
  • 37th consecutive quarter of raised net sales year-over-year

Operating Results for the First Quarter Ended May 5, 2019

Net sales raised 14.0% to $114.2M, contrast to $100.2M in the same period a year ago. The net sales raise was driven by a 42.8% growth in retail net sales, offset by a 0.8% decline in direct net sales, with raises in both the men’s and women’s businesses. The decrease in direct net sales has continued into the first five weeks of the second quarter. The raise in retail net sales was driven by new stores with 51 stores in the first quarter of 2019 as contrast to 33 stores in the same period a year ago, partially offset by existing stores.

Gross profit raised 8.9% to $60.9M, or 53.3% of net sales, contrast to $55.9M, or 55.8% of net sales, in the corresponding prior-year period. The 250-basis point decrease in gross margin was primarily attributable to a decrease in product margins Because of product mix on recent clearance activity, coupled with a slight decrease in shipping revenues.

Selling, general and administrative expenses raised 25.6% to $70.6M, contrast to $56.2M in the same period a year ago. As a percentage of net sales, selling, general and administrative expenses raised 570 basis points to 61.8%, contrast to 56.1% in the corresponding prior-year period. As a percentage of net sales, advertising and marketing costs reduced 50 basis points to 21.1%, contrast to 21.6% in the corresponding prior-year period, primarily Because of advertising leverage gained from a higher mix of retail sales as a percentage of net sales. As a percentage of net sales, selling expenses raised 50 basis points to 16.6%, contrast to 16.1% in the corresponding prior-year period, primarily Because of an raise in consumer service expense as a result of the growth in retail, partially offset by a decrease in shipping expenses Because of leverage from an raise in the proportion of retail net sales. As a percentage of net sales, general and administrative expenses raised 570 basis points to 24.1%, contrast to 18.4% in the corresponding prior-year period, primarily Because of an raise in occupancy and equipment cost Because of growth in the number of retail stores, an raise in depreciation expense Because of investments in technology and corporate facilities, and an raise in personnel cost Because of an raise in headcount to support the growth of the business.

 (DLTH) changed to recent value of $13.96. The stock transacted 491,353 shares during most recent day however it has an average volume of 456.57M shares. It spotted trading -60.86% off 52-week high price. On the other end, the stock has been noted 7.67% away from the low price over the last 52-weeks.

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