secwatch.observer — SEC 8-K summary
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Issuer:     DULUTH HOLDINGS INC. (DLTH)
CIK:        0001649744
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001193125-25-053424
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649744/000119312525053424/0001193125-25-053424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649744/000119312525053424/d867159d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-053424

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer