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Duluth Holdings reports 3Q loss

BELLEVILLE, Wis. (AP) _ Duluth Holdings Inc. (DLTH) on Thursday reported a fiscal third-quarter loss of $816,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Belleville, Wisconsin-based company said it had a loss of 3 cents.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The clothing and tools supplier posted revenue of $83.7 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $84.3 million.

Duluth Holdings expects full-year earnings to be 66 cents to 71 cents per share, with revenue in the range of $455 million to $465 million.

Duluth Holdings shares have fallen 24 percent since the beginning of the year. The stock has decreased 43 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