earnings
confidence high
sentiment positive
materiality 0.70
Duluth Holdings Q2: Net income $1.3M (vs loss), revenue -7%, margin expands, reaffirms guidance
DULUTH HOLDINGS INC.
2025-Q2 EPS reported
-$0.41
revenue$234,420,000
- Net income of $1.3M vs net loss of $2.0M in Q2 last year; reported EPS $0.04, adjusted EPS $0.03.
- Net sales $131.7M, down 7.0% YoY; DTC -13.7% to $79.1M, retail +5.3% to $52.6M.
- Gross margin improved to 54.7% from 52.3% on reduced promotions and favorable product costs.
- Adjusted EBITDA $12.0M (9.1% of sales), up $1.5M; inventory down 12.2%, net liquidity $73.3M.
- Fiscal 2025 guidance maintained; management cites turnaround progress but significant work ahead.