Duluth Trading FY26 Q1 net loss narrows to $10.05 million; net sales fall 4% to $98.59 million

Duluth Holdings, Inc. Class B

Duluth Holdings, Inc. Class B

DLTH

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  • Duluth Holdings posted a net loss of USD 10.05 million, narrowing from a year earlier as operating loss improved to USD 9.23 million.
  • Net sales fell 4% to USD 98.59 million, driven by weaker direct-to-consumer demand partly offset by higher store sales.
  • Gross margin rose 5.4 percentage points to 57.4% on reduced promotional activity and improved product costs from its direct-to-factory sourcing initiative.
  • Adjusted EBITDA swung to USD 2.64 million from a year-earlier loss, while restructuring and impairment charges rose to USD 4.06 million.
  • Liquidity included USD 6.1 million in cash, with USD 62.3 million of net working capital; the company is evaluating potential tariff recoveries after a Supreme Court ruling.


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