NASDAQ$DLTH

Duluth Holdings Inc - Cl B · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Duluth Trading Co. reported increased net sales and operating income, driven by direct-to-consumer growth and effective marketing.

Duluth Trading Co. announced a 13.2% increase in net sales to $135.5 million, driven by a 40.3% increase in direct-to-consumer net sales. Operating income rose to $2.8 million, and net income increased to $0.9 million, or $0.03 per diluted share.

  • Net sales increased by 13.2% to $135.5 million.
  • Direct-to-consumer net sales grew by 40.3%, while retail store net sales decreased by 15.5%.
  • Operating income increased to $2.8 million from $1.3 million in the prior year.
  • Net income increased to $0.9 million, or $0.03 per diluted share.

Headline financials

Total Revenue

$120M

Previous: $107M+12.2%
EPS (adj)

$0.03

Previous: $0.01+200.0%
Gross margin

52.4%

Previous: 54.6%-4.0%
Adjusted EBITDA

$11.4M

Previous: $7.3M+56.2%
Capital Expenditures

-$20.9M

Previous: -$45.9M+54.4%
Free Cash Flow

-$20.7M

Previous: -$49M+57.7%
Net Income

$182K

Previous: -$3.15M+105.8%
Operating Income

$1.33M

Previous: -$2.56M+151.8%
Gross Profit

$65.4M

Previous: $61M+7.2%
Cash & Equivalents

$2.19M

Previous: $2.5M-12.5%
Total Assets

$518M

Previous: $325M+59.7%

Revenue & EPS history

Duluth Trading Co. · Revenue · Quarterly

$120M

Q3 2020+12.2%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Duluth Trading Co. · $24.8 total across 2 segments · Q3 2020

  • Direct-to-consumer
    $40.3
  • Retail stores
    -$15.5

Forward guidance

Due to the unpredictability of the effects of the COVID-19 pandemic, the Company is unable to provide specific earnings guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.6%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-2.0%

Avg return

30 days after

46%

21 / 46 earnings

Positive

+51.3%

Q2 2025

Best reaction

-29.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+29.5%+41.0%
Q4 2025-0.5%-4.2%
Q3 2025-29.3%-29.4%-25.6%
Q2 2025+51.3%+40.3%+70.3%
Q1 2025+7.0%+5.4%+15.7%
Q4 2024-10.6%-26.1%-36.0%
Q3 2024-8.3%-9.9%-18.8%
Q2 2024+25.7%+21.7%+18.3%
Q1 2024-1.7%-6.2%-8.2%
Q4 2023+0.5%+4.8%+10.9%
Q3 2023+1.9%-1.4%+4.7%
Q2 2023-14.7%-12.2%-18.2%
Q1 2023+15.0%+16.3%+16.3%
Q4 2022+8.9%+11.2%+1.3%
Q3 2022-22.1%-30.9%-29.5%
Q2 2022-10.8%-12.3%-20.6%
Q1 2022-9.7%-10.0%-23.6%
Q4 2021+0.5%+1.6%-4.5%
Q3 2021+10.2%+17.2%+11.7%
Q2 2021-3.3%-5.4%-12.5%
Q1 2021-4.4%+3.9%+13.4%
Q4 2020-10.3%-10.3%-3.5%
Q3 2020-15.5%-16.9%-24.7%
Q2 2020+19.6%+19.4%+23.6%
Q1 2020+33.8%+73.0%+39.0%
Q4 2019+10.8%+9.9%-3.0%
Q3 2019+21.3%+30.0%+23.8%
Q2 2019-9.8%-13.3%-17.3%
Q1 2019-11.3%-7.4%-9.5%
Q4 2018-25.6%-27.1%-31.1%
Q3 2018-21.6%-19.3%-19.8%
Q2 2018+6.1%+7.7%-4.2%
Q1 2018-5.9%-5.4%+29.1%
Q4 2017-4.6%-4.8%+1.8%
Q3 2017-16.2%-19.2%-6.0%
Q2 2017+0.5%-3.4%+3.4%
Q1 2017-18.8%-19.5%-15.0%
Q4 2016+14.1%+17.9%+6.0%
Q3 2016-15.9%-18.8%-23.7%
Q2 2016-4.3%-6.7%-6.5%
Q1 2016-4.2%-7.3%-7.2%
Q1 2015+27.2%
Q2 2015+27.2%
Q4 2014+27.2%
Q4 2015+25.0%
Q3 2015-10.6%

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