---
schema_version: "secwatch.filing_event.v1"
accession: "0001649744-23-000012"
form_type: "8-K"
ticker: "DLTH"
cik: "0001649744"
company_name: "DULUTH HOLDINGS INC."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:27:41.242127+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Duluth Q1 net sales up 0.7% to $123.8M; margins down; reaffirms FY outlook

## Summary
- Net sales $123.8M (+0.7% YoY); Women's up 14.4%, AKHG sub-brand +42.5%.
- Gross margin 53.0% vs 54.6% last year; lower product margin offset by lower expedited freight ($0.1M vs $3.9M).
- Adjusted EBITDA $5.3M; FY outlook reaffirmed: net sales $645-660M, Adj EPS $0.02-0.08.
- Inventory down 4.8% YoY to $145.0M; no revolver borrowings, cash $9.2M.
- SG&A up 3.2% to $70.2M on occupancy for new fulfillment center and software amortization.

## SEC filing metadata
- accession: 0001649744-23-000012
- form_type: 8-K
- ticker: DLTH
- cik: 0001649744
- company_name: DULUTH HOLDINGS INC.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000012/0001649744-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000012/dlth-20230601x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001649744-23-000012
- JSON: https://secwatch.observer/filing/0001649744-23-000012.json
- Plain text: https://secwatch.observer/filing/0001649744-23-000012.txt

## Key facts
- Earnings Releases
  DULUTH HOLDINGS INC. reported the fiscal first quarter ended April 30, 2023 results: revenue $123.8 million. Guidance reaffirmed.
  - Period: the fiscal first quarter ended April 30, 2023
  - Revenue: $123.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: announced its financial results for the fiscal first quarter ended April 30 , 202 3 .  Highlights for the First Quarter Ended A pril 30 , 202 3  · Net sales increase 0.7% to $123.8 million compared to $122.9 million in the prior year first quarter · Women’s business continue s strong momentum with net sales growth of 14.4% over prior year first quarter · AKHG
  evidence_url: https://www.sec.gov/Archives/edgar/data/1649744/000164974423000012/0001649744-23-000012-index.htm

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