Duluth Holdings' full-year net sales up 9.4%
Duluth Holdings' full-year n...
Subscribe to Newsletter

Duluth Holdings' full-year net sales up 9.4%

11 March 2022
3313
1 min.
4
Duluth Holdings' full-year net sales up 9.4%

Company's shares and results for the Q4th and FY2021

US lifestyle brand, Duluth Holdings Inc. (NASDAQ: DLTH) yesterday released its financial results report for Q4th and FY2021. Also, the company expects steady improvement in demand in FY2022.

In yesterday's trading, the company's shares opened at US$13.34 and closed down at US$12.66 (-1.86%).

Also, over the last five days, the company's maximum value per share is US$13.73 and the minimum value per share is US$12.05. However, over the last five days, the company's shares have fallen by -7.79%.

The company's 52-week high is USD 20.78 and the 52-week low is USD 11.92. Duluth Holdings currently has a market capitalisation of USD 418.50 million.

Report from Duluth Holdings

The company said in its report that its net sales increased by 5.8% to US$270.8 million.

Also, gross profit increased to 53.8% compared to 53.0% in the fourth quarter last year.

However, operating profit fell 20.6% to $24.3 million, or 9.0% of net sales.

Net income was $17.4 million, or $0.53 per diluted share.

Full-year net sales were up 9.4% to $698.6 million.

Diluted earnings per share for the full year of $0.90 increased by 117% compared to 2020 and by 55% compared to 2019.

Positive free cash flow for the full year of US$81.6 million.

Duluth Holdings Inc. was founded in 1989. Stephen L. Schlecht is Chairman and Founder of the company, Sam Sato is President and CEO at Duluth Holdings, and Dave Loretta is SVP and CFO at the company.

Persons3 and Companies1 in the news

Senior Vice President and Chief Financial Officer at Duluth Holdings
1 place
President and Chief Executive Officer of Duluth Holdings
2 place
Chairman and Founder of Duluth Holdings
3 place
Duluth Holdings
1 place
Section:
Rating companies
Instagram
17 Mention
Netflix
14 Mention
X (Twitter)
12 Mention
TikTok
8 Mention
Tesla
8 Mention
White House
7 Mention
JP Morgan Chase
7 Mention
Us Weekly
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8173140328
Died this year
55692050
Born this year
137012300