Duluth Holdings: Fiscal 4Q Earnings Snapshot
MOUNT HOREB, Wis. (AP) _ Duluth Holdings Inc. (DLTH) on Thursday reported fiscal fourth-quarter profit of $24.4 million.
On a per-share basis, the Mount Horeb, Wisconsin-based company said it had net income of 75 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The clothing and tools supplier posted revenue of $259.6 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $262.4 million.
For the year, the company reported profit of $18.9 million, or 58 cents per share. Revenue was reported as $615.6 million.
The company’s shares closed at $4.34. A year ago, they were trading at $21.88.