---
schema_version: "secwatch.filing_event.v1"
accession: "0001649744-22-000030"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T10:55:45.760882+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duluth Q3 net sales up 1.3% to $147.1M; cuts FY2022 outlook amid margin pressure

## Summary
- Q3 net sales $147.1M (+1.3% YoY); gross margin fell to 52.3% from 57.6% due to promotions.
- Adjusted EBITDA $1.7M; FY2022 guidance lowered: net sales $650-680M, Adj. EBITDA $42-49M.
- Direct-to-consumer sales +6.8% to $91M; retail store sales -6.6% to $56.1M.
- Women's sales +10% driven by AKHG sub-brand (+44% YoY); now 32% of total sales.
- Inventories down 4% vs Q3 2020; liquidity $200M; $10M outstanding on revolving credit.

## SEC filing metadata
- accession: 0001649744-22-000030
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2022-12-01T23:59:59+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/1649744/000164974422000030/0001649744-22-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000164974422000030/dlth-20221201x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649744-22-000030
- JSON: https://secwatch.observer/filing/0001649744-22-000030.json
- Plain text: https://secwatch.observer/filing/0001649744-22-000030.txt

## Key facts
- Earnings Releases
  DULUTH HOLDINGS INC. reported Third Quarter Ended October 30, 2022 results: revenue $ 1 4 7.1 milli on.
  - Period: Third Quarter Ended October 30, 2022
  - Revenue: $ 1 4 7.1 milli on
  - Result: reported results
  source text: Highlights for the Third Quarter Ended October 30 , 2022  · Net sales increase 1.3% to $ 1 4 7.1 milli on compared to $1 4 5.3 million in the prior year third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000164974422000030/0001649744-22-000030-index.htm

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