---
schema_version: "secwatch.filing_event.v1"
accession: "0001649744-23-000004"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:07:54.641518+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duluth Trading Q4 net sales fall 10.7% to $241.8M, EPS $0.23; guides FY23 revenue $645-660M

## Summary
- Q4 net sales $241.8M (-10.7% YoY); diluted EPS $0.23; retail store sales -8.2%.
- Full year net sales $653.3M (-6.5% YoY); adjusted EBITDA $43.5M.
- Women's apparel net sales +1.7% (AKHG strength); Men's apparel -14.1%.
- Inventory up 26.3% to $154.9M due to planned pull-forward of spring goods.
- FY2023 outlook: net sales $645-660M, adj EBITDA $47-49M, EPS $0.02-$0.08, capex ~$55M.

## SEC filing metadata
- accession: 0001649744-23-000004
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2023-03-09T23:59:59+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/1649744/000164974423000004/0001649744-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000004/dlth-20230309x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649744-23-000004
- JSON: https://secwatch.observer/filing/0001649744-23-000004.json
- Plain text: https://secwatch.observer/filing/0001649744-23-000004.txt

## Key facts
- Earnings Releases
  DULUTH HOLDINGS INC. updated its fiscal 2023 guidance (initiated).
  - Period: fiscal 2023
  - Guidance: initiated
  - Result: guidance update
  source text: · Net sales in the range of $ 6 45 million to $ 66 0 million · Adjusted EBITDA 1 in the range of $ 4 7 million to $ 49 million · EPS in the range of $0. 0 2 to $ 0. 0 8 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000004/0001649744-23-000004-index.htm
- Earnings Releases
  DULUTH HOLDINGS INC. reported fiscal year ended January 29, 2023 results: revenue $653.3 million.
  - Period: fiscal year ended January 29, 2023
  - Revenue: $653.3 million
  - Result: reported results
  source text: Announce s Fourth Quarter and Fiscal 20 2 2 Financial Results  Full Year Net Sales of $653.3 million  Strong financial position with $250.0 million of liquidity  Fourth quarter Net Sales of $241.8 million; diluted EPS of $0.2 3  MOUNT HOREB , WI - Mar ch 9 , 20 2 3 – Duluth Holdings Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000004/0001649744-23-000004-index.htm
- Earnings Releases
  DULUTH HOLDINGS INC. reported fiscal fourth quarter ended January 29, 2023 results: revenue $241.8 million, EPS $0.2 3.
  - Period: fiscal fourth quarter ended January 29, 2023
  - Revenue: $241.8 million
  - EPS: $0.2 3
  - Result: reported results
  source text: Fourth quarter Net Sales of $241.8 million; diluted EPS of $0.2 3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000004/0001649744-23-000004-index.htm

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