Duluth Holdings reported a 5.7 per cent decline in Q1 FY24 net sales to $116.7 million, with direct-to-consumer sales down 5.1 per cent and retail store sales down 6.8 per cent.
Gross profit fell to $61.6 million.
The company’s net loss was $7.9 million and adjusted EBITDA was $1.8 million.
Selling, general, and administrative expenses rose 0.6 per cent.Duluth Holdings reported a 5.7 per cent decline in Q1 FY24 net sales to $116.7 million, with direct-to-consumer sales down 5.1 per cent and retail store sales down 6.8 per cent.
Gross profit fell to $61.6 million.
The company’s net loss was $7.9 million and adjusted EBITDA was $1.8 million.
Selling, general, and administrative expenses rose 0.6 per cent.
