All the Details On 5 Companies’ Latest Quarterly Results, Including Restoration Hardware (RH)

Duluth Holdings Inc (NASDAQ:DLTH) is in the spotlight after reporting its fiscal second quarter earnings results yesterday. For the period, Duluth Holdings reported net income of $0.11 per share on sales of $65.8 million, versus estimates of just $0.07 per share and $62.65 million, respectively. Sales rose by 27.4% year-over-year, while adjusted EBITDA rose by 13.9% year-over-year to $7.5 million. During the quarter, Duluth opened two new retail stores, giving it a total of nine retail stores and two outlet stores (hence the big revenue jump). For fiscal 2016, Duluth Holdings reaffirmed its previous outlook of GAAP EPS of $0.66-to-$0.70 on net sales of $370 million-to-$380 million. Duluth’s management also affirmed its long-term financial targets of 20% sales growth, and 25% EBITDA and net income growth. Six funds in our database were long Duluth Holdings Inc (NASDAQ:DLTH) at the end of June, up by two funds quarter-over-quarter.

Korn/Ferry International (NYSE:KFY) reported mixed results for its fiscal 2017 first quarter. Although its earnings of $0.52 per share missed the consensus by $0.01, the company’s revenue of $392.9 million beat analysts’ consensus estimate by $5.32 million. Sales rose by 40.7% year-over-year, led by strong revenue growth in Futurestep, and its Hay Group acquisition. Korn/Ferry’s management believes that the Hay Group integration has been largely completed, as 75% of the legacy unit’s revenue has been converted to Korn/Ferry’s systems and processes. For the fiscal second quarter, management estimates consolidated adjusted EPS to be between $0.54 and $0.62 and fee revenue to be in the range of $380 million-to-$400 million. The number of successful funds in our system with holdings in Korn/Ferry International (NYSE:KFY) fell by two quarter-over-quarter to 13 at the end of June.

Traders have bid up Zumiez Inc. (NASDAQ:ZUMZ) in extended market trading after the company reported a slightly narrower-than-expected loss. For its fiscal second quarter, Zumiez lost $0.03 per share, versus estimates of a loss of $0.08 per share. Revenue for the period was $178.3 million, down by 0.8% year-over-year, but still $0.85 million better than the consensus mark. Comparable-store sales for the thirteen weeks ended July 30 inched lower by 4.9% and Zumiez’s management continues to massage its expense structure into better alignment with current trends. Zumiez also acquired 100% of Fast Times Skateboarding for $5.5 million in cash and $1.4 million in shares of common stock on August 31. For its fiscal third quarter, Zumiez expects net income per diluted share of $0.21-to-$0.26 on sales of $209 million-to-$213 million. Five funds that we follow owned shares of Zumiez Inc. (NASDAQ:ZUMZ) at the end of the second quarter.

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