Why Duluth Holdings Stock Collapsed on Thursday

Why Duluth Holdings Stock Collapsed on Thursday

Shares of Duluth Holdings (NASDAQ: DLTH) were down 14% as of 9:44 a.m. on Thursday after reporting financial results for the third quarter ending Oct. 30. The company has struggled to deliver the growth investors expect amid a challenging economy backdrop. Year to date, the stock has fallen hard as investors weigh the near-term uncertainty with consumer spending.