Duluth Holdings Inc has reported net sales of $127.1 million in Q3 FY24, down 8.1 per cent YoY, with a gross margin of 52.3 per cent.
Net loss widened to $28.5 million.
DTC sales dropped 8.3 per cent, and retail sales fell 7.8 per cent.
For 9M FY24, net sales were $385.4 million, with a net loss of $40.1 million.
FY24 outlook projects $640 million in net sales and a gross margin drop of 125 bps.
Net loss widened to $28.5 million.
DTC sales dropped 8.3 per cent, and retail sales fell 7.8 per cent.
For 9M FY24, net sales were $385.4 million, with a net loss of $40.1 million.
FY24 outlook projects $640 million in net sales and a gross margin drop of 125 bps.
