Duluth Holdings Inc. (NASDAQ: DLTH), a life-style model of males’s and girls’s workwear and informal put on, on Tuesday reported a narrower loss for the third quarter of fiscal 2025. Gross sales declined by round 10%.
- Third-quarter internet gross sales dropped to $114.9 million from $127.1 million within the year-ago quarter
- Internet loss narrowed to $10.1 million within the third quarter from $28.2 million within the prior yr’s third quarter
- On a per-share foundation, Q3 loss was $0.29, in comparison with $0.84 per share in the identical quarter a yr earlier
- Adjusted loss per share for the quarter was $0.23, vs. $0.44 within the corresponding quarter of FY24
- Adjusted EBITDA for the quarter was a lack of $0.74 million, in comparison with a lack of $6.2 million final yr
- The administration affirmed the upper finish of its FY25 adjusted EBITDA steerage – the brand new vary is from $23 million to $25 million, vs. the earlier forecast of $20-$25 million
- It up to date full-year gross sales steerage to a spread of $555 million to $565 million from the sooner outlook of $570-$595 million
- The corporate additionally reaffirmed its capital expenditures forecast for fiscal 2025 at $17 million
