Duluth Holdings Q1 net loss narrows to $10M; gross margin expands 540 bps; raises FY EBITDA guidance

DULUTH HOLDINGS INC.

Net loss improved to $10.0M from $15.3M YoY; adjusted EPS loss of $0.20.
Gross margin expanded 540 bps to 57.4% on reduced promotions and sourcing savings.
Net sales down 4.0% to $98.6M; direct-to-consumer -8.7%, retail stores +3.3%.
Inventory reduced 24.8% vs. prior year; net liquidity ~$100M.
FY2026 Adj. EBITDA guidance raised to $28M-$32M (from $26M-$30M); net sales affirmed at $540M-$560M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DULUTH HOLDINGS INC. updated its fiscal First Quarter ended May 3, 2026 guidance (raised).

Period: fiscal First Quarter ended May 3, 2026
Guidance: raised
Result: reported results

Exact text from the filing

On June 8, 2026, Duluth Holdings Inc. (the “Company” or “Duluth Trading”) issued a press release (the “Earnings Press Release”) discussing, among other things, its financial results for its fiscal first quarter ended May 3, 2026.

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Source: SEC EDGAR

accession 0001193125-26-260662

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