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May 04
Duluth Trading Co. Q1 2025 Earnings Report
Duluth Trading Co. reported lower sales and a widened net loss in Q1 2025.
Key Takeaways
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 Co.
Duluth Trading Co.
Duluth Trading Co. Revenue by Segment
Forward Guidance
The company maintained its fiscal 2025 guidance, signaling no immediate revisions despite macroeconomic uncertainties.
Positive Outlook
- New leadership focused on brand revitalization
- Initiated cost savings to right-size the business
- Focus on brand awareness and customer service
- Efforts underway to simplify operations
- Maintained full-year fiscal guidance
Challenges Ahead
- Net sales declined 12% YoY
- Adjusted EBITDA turned negative
- DTC sales dropped significantly
- Gross margin contracted 80 basis points
- Retail traffic remained slow
Revenue & Expenses
Visualization of income flow from segment revenue to net income