Quarterly ResultJun 9, 2026, 04:31 PM
Duluth Holdings Reports Narrowed Net Loss to $10.1M
AI Summary
Duluth Holdings Inc. reported a net loss of $10.1 million, or $0.29 per share, for the three months ended May 3, 2026, an improvement from a net loss of $15.3 million, or $0.45 per share, in the same period last year. Net sales decreased by 4.0% to $98.6 million, while gross profit increased by 6.1% to $56.6 million. The company also recorded an impairment charge of $2.7 million related to the closure of its Salt Lake City fulfillment center. Total assets and liabilities decreased sequentially.
Key Highlights
- Net sales decreased to $98.6 million for the three months ended May 3, 2026, down from $102.7 million in the prior year period.
- Gross profit increased to $56.6 million from $53.4 million year-over-year.
- Operating loss was $9.2 million, an improvement from a loss of $12.4 million in the prior year.
- Net loss attributable to controlling interest narrowed to $10.1 million, or $0.29 per share, from $15.3 million, or $0.45 per share, in the prior year.
- Total assets decreased to $380.65 million as of May 3, 2026, from $402.61 million as of February 1, 2026.
- Total liabilities decreased to $224.08 million as of May 3, 2026, from $236.49 million as of February 1, 2026.
- Cash and cash equivalents decreased to $6.13 million as of May 3, 2026, from $16.35 million as of February 1, 2026.
- The company recorded an impairment charge of $2.7 million related to the closure of the Salt Lake City fulfillment center.
Price Impact
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