Duluth Holdings Q1 net sales $102.7M (-12% YoY), net loss widens to $15.3M

DULUTH HOLDINGS INC.

2025-Q1 EPS reported -$0.45 revenue$102,704,000

Net sales of $102.7M, down 12% YoY from $116.7M; net loss of $15.3M vs $7.9M loss last year.
Adjusted EBITDA ($3.8M), a $5.6M decline YoY; gross margin slipped 80 bps to 52.0%.
CEO Stephanie Pugliese announces cost-cutting initiatives; FY2025 guidance maintained unchanged.
Direct-to-consumer sales fell 17.1% on lower traffic; retail store sales declined 2.6%.
Quarter-end cash $8.6M, debt $64M on $100M revolver; net liquidity of $44.6M.

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