DULUTH HOLDINGS (DLTH) Company Report

For the third quarter ended November 2, 2025, Duluth Trading reported a net loss of $10.1 million and an adjusted EPS loss of $0.23. Adjusted EBITDA improved by $5.5 million year-over-year, reaching ($0.7) million.
The company updated its Fiscal 2025 net sales guidance to a range of $555 million to $565 million, a reduction from the previous guidance of $570 million to $595 million.
Duluth Trading affirmed the higher end of its Fiscal 2025 Adjusted EBITDA guidance, now projecting $23 million to $25 million.
As of November 2, 2025, the company maintained $8.2 million in cash and cash equivalents and $88.6 million in net liquidity, while reducing inventory by $39.2 million, or 17.0%, compared to the prior year.

16 hours ago

Duluth Holdings Inc. Announces Q3 2025 Financial Results and Updates Fiscal 2025 Guidance

DLTH

Earnings

Guidance Update

Demand Weakening

Duluth Holdings Inc. reported a Q3 2025 net loss of $10.1 million and an EPS loss of $0.29, an improvement from the prior year's net loss of $28.2 million.
Net sales for Q3 2025 decreased 9.6% to $114.9 million, with direct-to-consumer sales down 15.5% due to lower traffic, partially offset by a gross margin increase to 53.8%.
Adjusted EBITDA for Q3 2025 improved by $5.5 million to -$0.7 million, and the company ended the quarter with $88.6 million in net liquidity and a 17.0% reduction in inventory year-over-year.
For fiscal 2025, the company affirmed the higher end of its Adjusted EBITDA guidance at $23 million to $25 million but updated its net sales guidance to a range of $555 million to $565 million.

17 hours ago

Duluth Holdings Inc. Announces Q3 2025 Financial Results

DLTH

Earnings

Guidance Update

Demand Weakening

Duluth Holdings Inc. reported a reduced net loss of $10.1 million for the third quarter ended November 2, 2025, compared to $28.2 million in the prior year, with an adjusted EPS loss of $0.23.
The company demonstrated improved profitability, with Adjusted EBITDA increasing $5.5 million to -$0.7 million and gross margin expanding to 53.8% of net sales, despite a 9.6% decrease in net sales to $114.9 million.
Inventories were down 17.0% year-over-year, and the company maintained $88.6 million in net liquidity.
For fiscal 2025, Duluth Holdings Inc. affirmed the higher end of its Adjusted EBITDA guidance range at $23 million to $25 million and updated its net sales guidance to $555 million to $565 million.

19 hours ago

Duluth Holdings Inc. Amends Credit Agreement to Temporarily Increase Revolving Credit

DLTH

Debt Issuance

Duluth Holdings Inc. entered into Amendment No. 2 to its Credit Agreement on October 1, 2025.
This amendment temporarily increases the aggregate revolving credit commitment from $100 million to $125 million.
The increased commitment is effective from October 1, 2025, until March 31, 2026, after which it will revert to $100 million.
The company is also permitted to request a second $25 million increase in the revolving credit commitment after March 31, 2026, subject to lender consent and credit approval.