DULUTH HOLDINGS INC. (NASDAQ:DLTH) Files An 8-K Results of Operations and Financial Condition
Item 2.02Results of Operations and Financial Condition.
The following information, including Exhibit 99.1 hereto,
referenced in this Item 2.02, is being furnished to this Item
2.02 and shall not be deemed filed for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, nor shall it be
deemed incorporated by reference in any filing under the
Securities Act of 1933, as amended, except as shall be expressly
set forth by specific reference in such filing.
On June 6, 2017, Duluth Holdings Inc. (the Company or Duluth
Trading) issued a press release (the Earnings Press Release)
discussing, among other things, its financial results for its
fiscal first quarterended April 30, 2017. A copy of the Earnings
Press Release is furnished as Exhibit 99.1 to this report.
Forward Looking Information
Certain matters discussed in this Current Report on Form 8-K and
other oral and written statements by representatives of the
Company including, but not limited to, the Companys ability to
meet its fiscal 2017 expectations (including its ability to
increase net sales, adjusted EBITDA, and diluted EPS) and its
ability to execute on its growth strategies and its long-term
growth targets, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can
identify forward-looking statements by the use of words such as
may, might, will, should, expect, plan, anticipate, could,
believe, estimate, project, target, predict, intend, future,
budget, goals, potential, continue, design, objective, would, and
other similar expressions. The forward-looking statements are not
historical facts, and are based upon Duluth Tradings current
expectations, beliefs, estimates, and projections, and various
assumptions, many of which, by their nature, are inherently
uncertain and beyond Duluth Tradings control. Duluth Tradings
expectations, beliefs and projections are expressed in good
faith, and Duluth Trading believes there is a reasonable basis
for them. However, there can be no assurance that management’s
expectations, beliefs, estimates, and projections will result or
be achieved and actual results may vary materially from what is
expressed in or indicated by the forward-looking statements.
Forward-looking statements are subject to risks and uncertainties
that could cause actual performance or results to differ
materially from those expressed in the forward-looking
statements, including, among others, the risks, uncertainties,
and factors set forth under Part 1, Item 1A “Risk Factors” in
the Companys Annual Report on Form 10-K filed with the SEC on
March 22, 2017, and other factors as may be periodically
described in Duluth Tradings subsequent filings with the SEC.
Forward-looking statements speak only as of the date the
statements are made. Duluth Trading assumes no obligation to
update forward-looking statements to reflect actual results,
subsequent events or circumstances or other changes affecting
forward-looking information except to the extent required by
applicable securities laws.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
The following exhibits are being furnished with this Current
Report on Form 8-K.
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Exhibit No. |
Description |
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99.1 |
Earnings Press Release, dated June 6, 2017 |
About DULUTH HOLDINGS INC. (NASDAQ:DLTH)
Duluth Holdings Inc. is a lifestyle brand of men’s and women’s casual wear, workwear and accessories sold through the Company’s own direct and retail channels. The Company operates through two segments: direct and retail. The Company’s product assortment includes shirts, pants, underwear, outerwear, footwear, accessories and hard goods. The Company offers a range of products, such as its Longtail T shirts, Buck Naked underwear and Fire Hose work pants. The Company offers products under its Duluth Trading brand name. The Company also offers Duluthflex Ballroom jeans. The Company’s direct channel reaches customers through its Website and catalogs. The Company’s Website, www.duluthtrading.com, serves as a storefront for its product assortment. Its retail stores allow it to reach customers that prefer to shop in a brick and mortar setting. The Company’s stores range in size from 6,000 to 11,000 selling square feet.