Earnings ·
Duluth Holdings Inc. reported fiscal second quarter results ending August 2, 2026, with net income of $18.4 million…
DLTHDuluth Holdings Inc.
Duluth Holdings Inc. reported fiscal second quarter results ending August 2, 2026, with net income of $18.4 million compared to $1.3 million in the prior year period. This improvement was largely driven by $16.3 million in tariff refunds, which contributed $0.44 per share to earnings. Net sales decreased 7.8% to $121.4 million as direct-to-consumer and retail store sales declined due to reduced promotional activity and lower traffic, though gross margin expanded significantly to 72.8%. Adjusted EBITDA rose to $27.0 million from $12.0 million. The company raised its full-year fiscal 2026 adjusted EBITDA guidance to a range of $38 million to $42 million, up from the previous $28 million to $32 million estimate, while maintaining net sales guidance of $540 million to $560 million. Duluth Holdings Inc. operates as a lifestyle brand selling workwear, casual wear, and outdoor apparel through retail stores and e-commerce channels.