NEW YORK, NY / ACCESSWIRE / April 8, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Duluth Holdings Inc. (''Duluth'' or the ''Company'') (DLTH). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/dlth.
The investigation concerns whether Duluthand certain of its officers and/or directors have violated federal securities laws.
On April 4, 2019, Duluth issued a press release announcing its financial and operating results for the quarter and fiscal year ended February 3, 2019. For the quarter, Duluth reported net income of $20.8 million on revenue of $250.5 million for the quarter, and net income of $23.3 million on revenue of $568.1 million for the fiscal year. In addition, Duluth offered full-year 2019 earnings guidance in the range of $0.74 to $0.80 per share, on revenue of $645 million to $655 million. Explaining the foregoing results and projections, which fell significantly below analyst expectations, Duluth cited, in part ''some challenges with systems implementation and late deliveries of product'' and ''inventory that was misaligned to the timing of sales and not distributed optimally throughout the network.'' On this news, Duluth's stock price fell sharply during intraday trading on April 5, 2019.
If you are aware of any facts relating to this investigation, or purchased Duluthshares,you can assist this investigation by visiting the firm's site: www.bgandg.com/dlth. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | email@example.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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