DULUTH HOLDINGS INC. 8K

Duluth Holdings Inc. announced significantly improved Q2 2026 profitability, aided by tariff refunds and margin expansion, while reaffirming sales guidance and raising full-year adjusted EBITDA outlook amid strong liquidity and reduced inventory levels.

Duluth Holdings Inc. (Duluth Trading Company) reported fiscal second quarter 2026 results showing a sharp improvement in profitability driven largely by $16.3 million in tariff refunds that expanded gross margin to 72.8%, boosting net income to $18.4 million (vs. $1.3 million a year ago) and adjusted EBITDA to $27.0 million, despite a 7.8% year-over-year decline in net sales to $121.4 million due to lower direct-to-consumer and retail traffic amid reduced promotional activity. The company highlighted ongoing inventory discipline, with inventory down 15.5% year-over-year and quarter-end net liquidity of about $96 million including $26.8 million of cash and no borrowings under its $70 million ABL facility. Management reaffirmed its fiscal 2026 net sales outlook of $540–$560 million, raised its adjusted EBITDA guidance to $38–$42 million to reflect the tariff refunds, and maintained capital expenditure expectations of approximately $12 million, while emphasizing execution on its ‘Build to Last’ strategy and product innovation. The release included full GAAP financial statements, reconciliations to non-GAAP metrics, and announced a September 3, 2026 conference call and webcast to discuss the results.

Filing Facts

CIK

1649744

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-381026

Alert Tier

7