Duluth Trading Co. Earnings Reports

Duluth Holdings Inc. made progress on its turnaround strategy in Q3 2025, reducing net loss to $10.1 million and boosting gross margin despite a decline in sales. Operating loss also improved significantly, reflecting tighter cost controls and better inventory management.

Duluth Trading Co. posted a net income of $1.3M and positive EPS, reversing a net loss from the prior year. Revenue declined 7%, but gross margin increased due to reduced promotions and improved sourcing.

Duluth Holdings Inc. faced a challenging Q1 2025 with decreased net sales, a wider net loss, and negative adjusted EBITDA, as the new CEO begins efforts to simplify operations and revitalize the brand.

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.