Duluth Holdings Inc (NASDAQ:DLTH) reported that net income improved by $5.2 million and adjusted EBITDA rose by $6.4 million over the prior-year period, pointing to year-over-year gains in profitability.
The workwear and apparel retailer said net income increased by $5.2 million and adjusted EBITDA, a measure of operating earnings, climbed $6.4 million against the comparable prior-year period
A $5.2 million increase in net income and a $6.4 million rise in adjusted EBITDA point to better profitability and operating efficiency relative to a year earlier, even without the underlying revenue and margin detail. For a small-cap retailer, year-over-year improvement on both the bottom line and an operating-earnings basis is the kind of result that supports a recovery narrative, though the figures here describe the change rather than the absolute level of earnings. Duluth Trading Co., operated by Duluth Holdings Inc., is a retailer of workwear, apparel and gear for men and women, selling through its stores and direct-to-consumer channels under the Duluth Trading brand.
Shares of Duluth Trading gained about 27% on Monday morning