Duluth Holdings Gains 25% on Earnings Surprise. Has the Stock Bottomed?
With a surprisingly good third quarter 2019 earnings report, Duluth Holdings (NASDAQ: DLTH) stock rang up 24.5% gains Thursday on the result. The lifestyle brand has had a brutal year, with the pains of expansion rocking the retail company's bottom line. The third quarter marks a drastic change to that story.
With decent guidance for the year indicating shares aren't overly expensive, now might be the time to start looking at Duluth as an investment.
Duluth continues to scale its business and managed to improve the bottom line in the process, bucking the trends that have marred the first half of the year. Progress seemed balanced across different areas of the business, with net sales growth derived from 24.1% year-over-year growth in retail and a 2.9% bump in direct-to-consumer sales. The company noted that there was strength shown in both men's and women's product lines. Among the other results:
Source Fool.com
