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Nov 01, 2020
Duluth Trading Co. Q3 2020 Earnings Report
Duluth Trading Co. reported increased net sales and operating income, driven by direct-to-consumer growth and effective marketing.
Key Takeaways
Duluth Trading Co. announced a 13.2% increase in net sales to $135.5 million, driven by a 40.3% increase in direct-to-consumer net sales. Operating income rose to $2.8 million, and net income increased to $0.9 million, or $0.03 per diluted share.
Net sales increased by 13.2% to $135.5 million.
Direct-to-consumer net sales grew by 40.3%, while retail store net sales decreased by 15.5%.
Operating income increased to $2.8 million from $1.3 million in the prior year.
Net income increased to $0.9 million, or $0.03 per diluted share.
Revenue by Segment
Forward Guidance
Due to the unpredictability of the effects of the COVID-19 pandemic, the Company is unable to provide specific earnings guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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