Tuesday, September 11, 2018

Duluth Holdings' Sales and Profits Surge on Retail Strength

The Motley Fool
Duluth Holdings reported its fiscal second-quarter results on Thursday, Sept. 5. Sales continue to surge on the back of new store openings and steady growth in the direct sales business. When combined with lower spending on advertising and marketing, Duluth's bottom line expanded rapidly during the last three months.

The strong top-line growth was driven by a 6% uptick in direct sales and 74% growth in retail sales. New store openings were the primary reason retail store sales continued to soar. Total sales of $110.7 million came in $4 million higher than Wall Street's prediction.. . . more