---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-053424"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:22:52.317302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Duluth Holdings Q4 net loss $5.6M; CEO Sato retiring, founder Schlecht appointed interim CEO

## Summary
- Q4 net sales $241.3M (-1.8% YoY); net loss $5.6M vs net income $6.8M prior year; EPS ($0.17), adjusted EPS ($0.04).
- Adjusted EBITDA $8.5M in Q4 vs $20.9M prior year; full-year net loss $43.6M, adjusted net loss $23.6M.
- FY2025 guidance: net sales $570-595M, adjusted EBITDA $20-25M, capex ~$20M; below prior year.
- CEO Sam Sato retiring effective April 25, 2025; founder Stephen L. Schlecht named Interim CEO; search for permanent CEO underway.
- Cash $3.3M, no bank debt; total liquidity $103.3M; FY2024 capex $17.4M.

## SEC filing metadata
- accession: 0001193125-25-053424
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649744/000119312525053424/0001193125-25-053424-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000119312525053424/d867159d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-053424
- JSON: https://secwatch.observer/filing/0001193125-25-053424.json
- Plain text: https://secwatch.observer/filing/0001193125-25-053424.txt

## Key facts
- Executive change
  Samuel M. Sato departed as President and Chief Executive Officer at DULUTH HOLDINGS INC..
  - Action: retiring
  - Role: President and Chief Executive Officer
  source text: On March 11, 2025, Mr. Samuel M. Sato informed the Company that he is retiring as President and Chief Executive Officer and as a member of the Board of Directors (the “Board”), with such retirement to be effective on April 25, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000119312525053424/0001193125-25-053424-index.htm
- Executive change
  Stephen L. Schlecht was appointed as Interim Chief Executive Officer at DULUTH HOLDINGS INC..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: The Board appointed Mr. Stephen L. Schlecht as Interim Chief Executive Officer of the Company in addition to his role as Senior Advisor to the Company, effective April 25, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000119312525053424/0001193125-25-053424-index.htm

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