Duluth Holdings Inc. Files Q1 2024 10-Q
Ticker: DLTH · Form: 10-Q · Filed: May 31, 2024 · CIK: 1649744
| Field | Detail |
|---|---|
| Company | Duluth Holdings INC. (DLTH) |
| Form Type | 10-Q |
| Filed Date | May 31, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, equity
Related Tickers: DLTH
TL;DR
DLTH 10-Q filed: Equity details for Q1 2024 out.
AI Summary
Duluth Holdings Inc. filed its 10-Q for the period ending April 28, 2024. The filing details financial performance and position, including equity components like retained earnings and treasury stock, across various reporting dates in 2023 and 2024. Specific dollar amounts for these equity accounts are not provided in this header information.
Why It Matters
This filing provides stakeholders with an update on Duluth Holdings Inc.'s financial health and equity structure as of April 28, 2024.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not contain immediate, high-impact news.
Key Numbers
- Q1 — Fiscal Quarter (Reporting period for the 10-Q filing.)
Key Players & Entities
- DULUTH HOLDINGS INC. (company) — Filer
- 20240428 (date) — Conformed Period of Report
- 20240531 (date) — Filed as of Date
- 0001649744 (company) — Central Index Key
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240428, indicating the first quarter of fiscal year 2024.
When was this 10-Q filed?
This 10-Q was filed as of date 20240531.
What is the Central Index Key for Duluth Holdings Inc.?
The Central Index Key for Duluth Holdings Inc. is 0001649744.
What is the Standard Industrial Classification for Duluth Holdings Inc.?
The Standard Industrial Classification is RETAIL-APPAREL & ACCESSORY STORES [5600].
What are some of the equity components reported in this filing?
The filing references components such as Treasury Stock (Common Member), Retained Earnings, Noncontrolling Interest, Accumulated Other Comprehensive Income, and Capital Units across various dates.
Filing Stats: 4,503 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2024-05-31 12:14:27
Filing Documents
- dlth-20240428x10q.htm (10-Q) — 2447KB
- dlth-20240428xex31_1.htm (EX-31.1) — 11KB
- dlth-20240428xex31_2.htm (EX-31.2) — 11KB
- dlth-20240428xex32_1.htm (EX-32.1) — 10KB
- dlth-20240428xex32_2.htm (EX-32.2) — 9KB
- 0001649744-24-000010.txt ( ) — 9481KB
- dlth-20240428.xsd (EX-101.SCH) — 36KB
- dlth-20240428_cal.xml (EX-101.CAL) — 84KB
- dlth-20240428_def.xml (EX-101.DEF) — 139KB
- dlth-20240428_lab.xml (EX-101.LAB) — 430KB
- dlth-20240428_pre.xml (EX-101.PRE) — 302KB
- dlth-20240428x10q_htm.xml (XML) — 2051KB
—Financial Information
Part I—Financial Information Page Item 1.
Financial Statements
Financial Statements 3 Condensed Consolidated Balance Sheets as of April 28, 2024 and January 28, 2024 (Unaudited) 3 Condensed Consolidated Statements of Operations for the three months ended April 28, 2024 and April 30, 2023 (Unaudited) 5 Condensed Consolidated Statements of Comprehensive (Loss) Income for the three months ended April 28, 2024 and April 30, 2023 (Unaudited) 6 Condensed Consolidated Statement of Shareholders' Equity for the three months ended April 28, 2024 (Unaudited) 7 Condensed Consolidated Statement of Shareholders' Equity for the three months ended April 30, 2023 (Unaudited) 8 Condensed Consolidated Statements of Cash Flows for the three months ended April 28, 2024 and April 30, 2023 (Unaudited) 9 Notes to Condensed Consolidated Financial Statements (Unaudited) 10 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.
Controls and Procedures
Controls and Procedures 28
—Other Information
Part II—Other Information Item 1.
Legal Proceedings
Legal Proceedings 29 Item 1A.
Risk Factors
Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 5. Other Information 29 Item 6. Exhibits 30
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements DULUTH HOLDINGS INC. Condensed Consolidated Balance Sheets - Assets (Unaudited) (Amounts in thousands) April 28, 2024 January 28, 2024 ASSETS Current Assets: Cash and cash equivalents $ 6,799 $ 32,157 Receivables 10,572 5,955 Income tax receivable 84 617 Inventory, less reserves of $ 1,729 and $ 1,361 , respectively 136,434 125,757 Prepaid expenses & other current assets 17,537 16,488 Total current assets 171,426 180,974 Property and equipment, net 126,526 132,718 Operating lease right-of-use assets 117,400 121,430 Finance lease right-of-use assets, net 38,432 40,315 Available-for-sale security 4,798 4,986 Other assets, net 9,629 9,020 Deferred tax assets 3,172 1,010 Total assets $ 471,383 $ 490,453 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 DULUTH HOLDINGS INC. Condensed Consolidated Balance Sheets – Liabilities and Shareholders' Equity (Unaudited) (Amounts in thousands) April 28, 2024 January 28, 2024 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Trade accounts payable $ 37,419 $ 51,122 Accrued expenses and other current liabilities 26,366 30,930 Current portion of operating lease liabilities 16,619 16,401 Current portion of finance lease liabilities 3,253 3,149 Duluth line of credit 11,000 — Current maturities of TRI long-term debt 867 847 Total current liabilities 95,524 102,449 Operating lease liabilities, less current maturities 102,188 106,413 Finance lease liabilities, less current maturities 33,435 34,276 TRI long-term debt, less current maturities 24,933 25,141 Total liabilities 256,080 268,279 Shareholders' equity: Preferred stock, no par value; 10,000 shares authorized; no shares issued or outstanding as of April 28, 2024 and January 28, 2024 — — Common stock