Duluth Holdings' full-year net sales up 9.4%. New York News. New York Business portal

11 March 2022

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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

LORETTA Dave

Senior Vice President and Chief Financial Officer at Duluth Holdings

1 place

SATO Sam

President and Chief Executive Officer of Duluth Holdings

2 place

SCHLECHT Stephen

Chairman and Founder of Duluth Holdings

3 place

Duluth Holdings

1 place

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