DULUTH HOLDINGS INC.

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.

Duluth Holdings Inc. unveiled its new "Build to Last" turnaround and growth strategy during its 2026 Investor and Analyst Event. This three-phase framework aims to transition the company from an operational reset to sustainable, long-term expansion. The strategy builds on a successful Fiscal 2025, which saw all stores return to profitability, gross margins expand by 420 basis points, and $16.6 million in free cash flow. Q1 2026 results further validated the shift, with retail comparable store sales growing 1.4%, gross margins increasing 540 basis points to 57.4%, and free cash flow improving by $42.6 million year-over-year, despite a net sales decline to $98.6 million.

Duluth Holdings Inc. (DLTH) is hosting an Investor & Analyst Event to present its 'Build to Last' strategic plan. The company aims to stabilize its topline and grow profitably by focusing on core products and customers, rebuilding its e-commerce platform, and rebalancing its marketing spend towards brand building. Key financial targets include revenue growth, gross margin expansion, and SG&A reduction by 2028. The company reported progress in FY2025 with inventory reduction and improved pricing, and Q1 2026 showed margin improvements despite a revenue dip.

Duluth Holdings Inc. announced its first-quarter fiscal 2026 financial results, reporting an improved net loss of $10.0 million compared to $15.3 million in the prior year. Adjusted EBITDA saw a significant increase, rising to $2.6 million from a negative $3.8 million. While net sales declined by 4.0% to $98.6 million, the company achieved a substantial gross margin expansion of 540 basis points to 57.4% and reduced inventory by 24.8%. Duluth Trading raised its fiscal 2026 Adjusted EBITDA guidance to $28 million - $32 million while affirming its net sales outlook.

Duluth Holdings Inc. announced its fiscal First Quarter 2026 financial results, reporting a net loss of $10.0 million, an improvement of $5.2 million from the prior year. Adjusted EBITDA rose by $6.4 million to $2.6 million, and gross margin expanded significantly by 540 basis points to 57.4%. The company also reported a strong balance sheet with approximately $100 million of net liquidity and a 24.8% reduction in inventory. Despite a 4.0% decrease in net sales to $98.6 million, driven by direct-to-consumer declines partially offset by retail store growth, Duluth Trading raised its fiscal 2026 Adjusted EBITDA guidance to $28 million to $32 million.

Duluth Trading Co. has refreshed its annual Garden Shop online and in over 60 stores, offering an expanded assortment of apparel, accessories, and gear for the growing season. The company highlighted the continued success of its women's Heirloom Gardening Bib Overalls, which boast a 4.7-star rating from over 3,500 reviews, and introduced new items like the Heirloom Gardening Pants. Responding to a notable increase in interest, Duluth also expanded its men's gardening clothing and accessories, including the Dirt Work Bib Overalls, to cater to the growing male gardening trend.

Duluth Holdings Inc. announced it will report first quarter 2026 results and host an Investor and Analyst Event on Monday, June 8, 2026. The company will release financial results before market open, followed by a conference call at 9:30 am ET. Later that day, President and CEO Stephanie Pugliese and CFO Heena Agrawal will host an in-person and webcasted event at the Nasdaq MarketSite to present the company's strategic reset, long-term roadmap, and financial priorities.