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Here's Why Duluth Holdings Is Sinking Today

TheMotleyFool

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Here's Why Duluth Holdings Is Sinking TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Here's Why Duluth Holdings Is Sinking Today

In response to reporting disappointing third-quarter results, shares of Duluth Holdings (NASDAQ: DLTH), a purveyor of clothing and accessories primarily used by tradespeople, fell 13% as of 10:00 a.m. EST on Thursday.

Here's a look at the headline numbers from the quarter:

Given the lower-than-hoped-for financial results, it isn't hard to figure out why shares are selling off today.

Source: Fool.com