---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-149864"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2024-05-30T23:59:59+00:00"
generated_at: "2026-06-01T07:24:43.305541+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duluth Holdings Q1 net sales down 5.7% to $116.7M; updates FY2024 outlook with EPS loss $0.22

## Summary
- Q1 net loss $7.9M; Adjusted EBITDA $1.8M; FY2024 EPS guidance ~$(0.22) per diluted share.
- Net sales $116.7M vs $123.8M YoY; direct-to-consumer -5.1%, retail store -6.8%.
- Inventory down 5.9% YoY; liquidity $195.8M ($6.8M cash + undrawn $189M on revolver).
- Gross margin 52.8% vs 53.0% YoY; SG&A deleveraged to 60.5% of sales from 56.7%.
- Updated FY2024 outlook: net sales ~$640M, Adjusted EBITDA ~$39M, capex ~$25M.

## SEC filing metadata
- accession: 0001193125-24-149864
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2024-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649744/000119312524149864/0001193125-24-149864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000119312524149864/d842631d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-149864
- JSON: https://secwatch.observer/filing/0001193125-24-149864.json
- Plain text: https://secwatch.observer/filing/0001193125-24-149864.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.