Duluth Trading: Making Positive Moves
Duluth Trading's Q2 sales rose to $141.6 million, reflecting improved demand. Direct-to-consumer sales grew 5.6%, while retail sales fell 4.4% year-over-year. EBITDA margins improved to 7.5%, a significant increase from previous quarters. Duluth's digital ad spend is shifting successfully towards mobile platforms. Expectations of $640 million in FY24 sales signal stable future earnings potential.
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