Diamonds and Dogs
Let your Lumberjack loose. Retailer, Duluth Trading (DLTH) is up 6% following better than expected earnings. The fast-growing retailer of rugged clothing and solution-based workwear is about to crank up its expansion efforts in a big way. Building from its current base of 16 retail stores, the company says it has now identified 100 desirable locations across the country and will be ramping up its pace of new store openings. At least one retailer is not succumbing to Amazon.
Hewlett Packard Inc. is doing well, Hewlett Packard Enterprises (HPE) not so much. The company posted earnings of 45 cents per share beating estimates by a penny, but revenue of $11.4 billion was well short of estimates of $12.07 billion. CEO Meg said, "It wasn't perfect this quarter. There's no question that I have pushed this organization to probably the limits." Once "the dust settles," Whitman sees this as making a stronger company and calls the split "absolutely the right thing to do."