Sam Sato

“Let me begin by sharing our fourth quarter results, starting with the significant challenge we faced in fulfilling orders which we addressed with immediate corrective action.”

“Our third quarter performance did not meet our expectations. We felt the impact of a highly promotional environment and seasonably warm weather resulting in a net sales decline for the quarter of 8.1% with our direct and retail channels delivering similar year-over-year top-line results.”

“I'm pleased with our second quarter performance as we delivered top-line sales growth of 1.8%, while expanding our gross margin by 90 basis points as we began to see the benefits of our sourcing initiatives.”

“Let me begin by stating that despite some key quarter wins, we are not satisfied with our first quarter results which fell short of our internal expectations.”

“Before I share some details of our business performance and progress on key strategic initiatives, I'd like to first introduce Heena and welcome her to the Duluth family.”