---
schema_version: "secwatch.filing_event.v1"
accession: "0001649744-22-000022"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2022-09-01T23:59:59+00:00"
generated_at: "2026-06-23T17:36:11.214180+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duluth Q2 net sales down 5.1% to $141.5M; adjusted EPS $0.07 vs $0.27 YoY; lowers FY guidance

## Summary
- Net sales of $141.5M vs $149.1M prior year (-5.1%); direct-to-consumer +0.1%, retail stores -12.0%.
- Net income of $2.4M ($0.07 diluted EPS) vs $9.0M ($0.27) last year; adjusted EBITDA $13.2M (9.4% of sales).
- Gross margin 53.4% (54.4% ex $1.3M inventory write-down from in-transit damage) vs 54.6% prior year.
- FY2022 outlook revised: net sales $680-$705M, EBITDA $69-$73M, EPS $0.61-$0.71 (from prior ranges not given).
- Inventory up 22% YoY to $164.5M; no outstanding bank debt; credit facility expanded to $200M through 2027.

## SEC filing metadata
- accession: 0001649744-22-000022
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2022-09-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649744/000164974422000022/0001649744-22-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000164974422000022/dlth-20220901x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649744-22-000022
- JSON: https://secwatch.observer/filing/0001649744-22-000022.json
- Plain text: https://secwatch.observer/filing/0001649744-22-000022.txt

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