---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-320008"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2025-12-16T23:59:59+00:00"
generated_at: "2026-05-16T13:03:56.882224+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duluth Q3 net loss narrows to $10.1M; adj. EBITDA guidance raised to $23-25M

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-320008
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2025-12-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649744/000119312525320008/0001193125-25-320008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000119312525320008/d35043d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-320008
- JSON: https://secwatch.observer/filing/0001193125-25-320008.json
- Plain text: https://secwatch.observer/filing/0001193125-25-320008.txt

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