Every 10-Q that Duluth Holdings Inc. (DLTH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DLTH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DLTH filings page.
Duluth Holdings Inc. (DLTH) reported lower sales but sharply higher profitability for the quarter ended August 2, 2026. Net sales fell 7.8% year over year to $121.4 million, driven mainly by weaker direct-to-consumer web traffic and conversion as promotions were reduced, partly offset by higher average order values.
Profitability rebounded strongly, helped by sizable tariff recoveries. Gross profit rose to $88.4 million, lifting gross margin to 72.8%, primarily from $16.0 million of cost-of-goods-sold reductions tied to tariff refunds under IEEPA, plus related interest income. Net income jumped to $18.4 million from $1.3 million a year earlier, and six‑month results swung to a $8.4 million profit from a $14.0 million loss. Adjusted EBITDA for the quarter increased to $27.0 million, also benefiting from $16.3 million of tariff refunds. Operating cash flow improved to $15.5 million for the first six months versus a $24.4 million use of cash last year, boosting cash to $26.8 million with no borrowings on the company’s revolving credit facility.
Duluth Holdings posted first-quarter net sales of $98.6 million, down 4.0% from a year earlier, as weaker direct-to-consumer web traffic and lower promotions outweighed higher average order values. Store sales grew modestly, helped by better shopper conversion and larger baskets.
The company reported a net loss of $10.0 million, improved from a $15.3 million loss, with net loss per share narrowing to $(0.29) from $(0.45). Gross margin expanded to 57.4%, driven by fewer promotions and improved product costs. Adjusted EBITDA turned positive at $2.6 million versus negative $3.8 million a year ago.
Free cash remains tight: cash and cash equivalents fell to $6.1 million and operating activities used $13.4 million, though this was far better than the prior-year use of $56.5 million. The company booked a $2.7 million impairment and $1.4 million in restructuring costs tied to closing its Salt Lake City fulfillment center. Under its $100 million revolving credit facility, Duluth had $6.0 million drawn and $0.7 million in letters of credit outstanding, leaving $93.3 million available.
Duluth Holdings Inc. reported softer demand but better profitability for the quarter ended November 2, 2025. Net sales declined 9.6% to $114.9 million, mainly from lower web traffic after reduced promotional activity, while gross margin improved to 53.8% from 52.3% as higher average selling prices and direct-to-factory sourcing offset a $3 million tariff impact.
Selling, general and administrative expenses fell $11.6 million to $70.1 million, lowering the expense ratio to 61.5% of sales from 64.8%. With no restructuring charges this quarter versus $6.2 million a year ago, net loss attributable to shareholders narrowed to $10.1 million, or $(0.29) per share, compared with $28.2 million, or $(0.84) per share.
For the first nine months, net sales decreased 9.4% to $349.3 million, but Adjusted EBITDA increased to $7.5 million from $6.1 million. A new $100.0 million asset-based revolving credit facility, temporarily increased to $125 million through March 31, 2026 and maturing in 2030, is intended to support seasonal inventory and liquidity needs.
The company reports fiscal 2024 was a 53-week period ending February 2, 2025, and compares 13- and 26-week periods ended August 3, 2025 and July 28, 2024. It discloses a senior secured TRI note maturing October 15, 2038 with a 4.95% interest rate and a TRI note due November 2038 with 3.05% interest and a balloon payment. A revolving senior credit facility provided up to $150.0 million (with sublimits) and referenced BSBY or a base rate plus margins; amendments contemplated reducing the commitment and replacing BSBY with Term SOFR and extending maturity to July 8, 2027. The company consolidates one VIE (TRI) and treated TRI income as excluded from its effective tax rate. It recorded a $3.7 million lease termination penalty paid in quarterly installments through August 2025 and accelerated depreciation of non-transferable fixed assets. The company maintains a valuation allowance on deferred tax assets and reports one operating segment as an omnichannel business.