Duluth Holdings

DLTH

Market cap $106M

Duluth Holdings faces persistent revenue declines, worsening profitability, and surging net debt, prompting a "Sell" rating. DLTH's cost-cutting measures, SKU reductions, and product assortment adjustments have yet to yield tangible financial improvements. Tariffs are inflicting a $15 million headwind, with management raising prices and renegotiating with vendors to mitigate impact.

Duluth Holdings (DLTH) is rated 'Hold' due to declining revenues, EBITDA, and FCF over the past five years. Despite a recent 60% rally, DLTH has broadly underperformed, even with long-term debt being reduced by over 70% since 2020. DLTH shows favorable valuation metrics versus the sector and peers, but lacks clear forward catalysts and faces US market concentration risks.

MOUNT HOREB, Wis., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men's and women's casual wear, workwear, and accessories, today announced that it will report third quarter 2025 financial results before market on Tuesday, December 16, 2025.

MOUNT HOREB, Wis. , Sept. 23, 2025 /PRNewswire/ -- Duluth Holdings Inc. (dba, Duluth Trading Company) (NASDAQ: DLTH ) today announced the September 25 opening of its newest retail store in Maple Grove, Minnesota.

Duluth reported strong Q2'25 results post-CEO change, with improved profitability despite lower sales, signaling early success in the new strategy. DLTH is shifting focus away from unprofitable DTC sales and reducing SKU count, aiming for higher gross margins and operational efficiency. While the quarter showed promise, uncertainty remains about DLTH's ability to sustain profitability, especially given past execution issues and macroeconomic headwinds.

Second Store in State Set to Open on Sept. 11 MOUNT HOREB, Wis.

Duluth's turnaround is gaining traction, with improved margins and profitability despite lower sales, driven by reduced promotional activity and cost discipline. Management is focusing on a smaller, more profitable business model by cutting SKUs, optimizing inventory, and prioritizing core customers over aggressive sales growth. Tariff impacts are being managed through price increases and supply chain adjustments, while maintaining guidance reflects prudent caution amid ongoing macro and tariff uncertainties.

Duluth Holdings Inc. (NASDAQ:DLTH ) Q2 2025 Earnings Call September 4, 2025 9:30 AM EDT Company Participants Chris Steffes Stephanie Pugliese - President, CEO & Director Heena Agrawal - Interim Chief Accounting Officer, Senior VP & CFO Conference Call Participants Jonathan Komp - Robert W. Baird & Co. Incorporated, Research Division Presentation Operator Good day, and welcome to the Duluth Holdings Inc. Second Quarter 2025 Conference Call.

Duluth Holdings (DLTH) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to a loss of $0.02 per share a year ago.

MOUNT HOREB, Wis., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men's and women's casual wear, workwear and accessories, today announced that it will report second quarter 2025 financial results before market on Thursday, September 4, 2025.