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52-week low for Duluth Holdings after weak profit

Published 06/07/2017, 11:12 AM
© Reuters.  52-week low for Duluth Holdings after weak profit
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  • Duluth Holdings (NASDAQ:DLTH) is down 17% after missing estimates with its Q1 report.
  • The company reported a narrower quarterly profit than last year, despite the 22% jump in revenue. A higher advertising/marketing spend was partially behind the bottom line reversal for Duluth. Advertising/marketing costs as a percentage of sales increased 320 bps to 25.2% during the quarter.
  • Looking ahead, Duluth still is in an expansion mode, with plans to open 12 retail stores and one outlet store this fiscal year.
  • Shares of Duluth hit a 52-week low of $16.83 earlier today.
  • Now read: L Brands (NYSE:LB)' High Dividend: Avoid The Temptation


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