Duluth Holdings Inc . (NASDAQ:DLTH) released its financial results for the fourth quarter and full year of 2023, revealing a slight increase in net sales for the quarter but a decrease for the full year. While the women’s business and direct channel sales showed strong growth, the men’s apparel remained stagnant, and retail channel sales declined. The company also saw a contraction in gross margin but managed to decrease SG&A expenses. Duluth ended the year with no outstanding debt and a reduction in inventory, positioning itself to focus on strategic initiatives for the coming year. Duluth Holdings Inc. (DLTH) presents a mixed financial landscape according to recent data and analysis. The company’s ability to operate without outstanding debt is commendable,…
