Duluth Holdings reports Q4 adjusted EPS 23c, consensus 14c

Reports Q4 revenue $215.89M, consensus $210.4M. Reports Inventory down $35.2M or 21.1% vs. last year. President and CEO Stephanie Pugliese stated, “I couldn’t be prouder of the team’s disciplined efforts in managing promotional resets, controlling expenses, streamlining operations, and optimizing inventory levels. The strong operational execution in the fourth quarter and the year led to enhanced gross margin, lower operating costs, reduced inventory, and improved profitability and free cash flow.”