earnings
confidence high
sentiment positive
materiality 0.75
Duluth Q3 net loss narrows to $10.1M; adj. EBITDA guidance raised to $23-25M
DULUTH HOLDINGS INC.
2025-Q3 EPS reported
-$0.71
revenue$349,291,000
- Net loss of $10.1M vs $28.2M last year; EPS loss $0.29, adjusted EPS loss $0.23.
- Net sales down 9.6% to $114.9M; direct-to-consumer -15.5%, retail stores +0.4%.
- Gross margin up to 53.8% (from 52.3%) despite $3M tariff impact; SG&A reduced 14.1% to $70.7M.
- Inventory down 17% YoY to $39.2M reduction; net liquidity $88.6M.
- Affirms higher end of FY2025 adj. EBITDA guidance range ($23-25M); updates net sales guidance to $555-565M.