Duluth Trading Co. Earnings Reports

Duluth Trading's Q4 2024 revenue decreased by 1.8% year-over-year to $241.3 million, with a decline in retail store sales offsetting a slight increase in direct-to-consumer sales. The company posted a net loss of $5.6 million, driven by lower margins and a $3.0 million software impairment. Adjusted EBITDA was significantly lower than the prior year due to increased discounting and operational inefficiencies.

Duluth Trading Co. announced a 13.2% increase in net sales to $135.5 million, driven by a 40.3% increase in direct-to-consumer net sales. Operating income rose to $2.8 million, and net income increased to $0.9 million, or $0.03 per diluted share.