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Duluth Holdings: Fiscal 4Q Earnings Snapshot

MOUNT HOREB, Wis. (AP) _ Duluth Holdings Inc. (DLTH) on Thursday reported fiscal fourth-quarter earnings of $20.8 million.

The Mount Horeb, Wisconsin-based company said it had net income of 64 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The clothing and tools supplier posted revenue of $250.5 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $257.5 million.

For the year, the company reported profit of $23.3 million, or 72 cents per share. Revenue was reported as $568.1 million.

Duluth Holdings expects full-year earnings to be 74 cents to 80 cents per share, with revenue in the range of $645 million to $655 million.

Duluth Holdings shares have decreased almost 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.54, an increase of 21 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTH at https://www.zacks.com/ap/DLTH