secwatch.observer — SEC 8-K summary
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Issuer:     DULUTH HOLDINGS INC. (DLTH)
CIK:        0001649744
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001649744-22-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duluth Holdings Q1 net loss $1.3M; sales down 7.9%; reaffirms FY2022 guidance
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- Net loss of $1.3M ($0.04 diluted loss) vs net income of $0.5M ($0.02 EPS) a year ago.
- Net sales $122.9M, down 7.9% YoY; gross margin improved 470 bps to 54.6%.
- Direct-to-consumer sales fell 12.1% to $77.7M; retail store sales up 0.4% to $45.2M.
- Adjusted EBITDA $7.9M (6.4% of sales); FY2022 outlook: net sales $730-755M, EPS $0.93-1.02.
- Launched Duluth by Duluth Trading Co. brand; rebranded Alaskan Hardgear as AKHG.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649744/000164974422000015/0001649744-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649744/000164974422000015/dlth-20220602x8k.htm
  HTML page:      https://secwatch.observer/filing/0001649744-22-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer