Welcome to our dedicated page for Duluth Holdings news (Ticker: DLTH), a resource for investors and traders seeking the latest updates and insights on Duluth Holdings stock.
Duluth Holdings Inc. does business as Duluth Trading Company, a lifestyle brand selling men’s and women’s casual wear, workwear and accessories through its website, catalogs and retail stores. Company news commonly centers on quarterly and annual financial results, gross margin trends, promotional activity, inventory discipline, SG&A leverage and cash-flow measures used by management.
Updates also cover Duluth Trading’s omnichannel retail footprint, including new store openings, and its focus on durable, solution-based apparel and gear for hands-on customers. Product and operating commentary often references assortment priorities, direct-to-factory sourcing, tariff effects and efforts to strengthen the customer base around the brand’s core apparel categories.
Duluth Trading Company (NASDAQ: DLTH), a lifestyle brand specializing in casual wear, workwear, and accessories, has scheduled its first quarter 2025 financial results announcement for June 5, 2025, before market opening. The company will host a conference call and audio webcast at 9:30 am Eastern Time on the same day to discuss the results with analysts and investors.
Participants can join via phone using the numbers 1-844-875-6915 (domestic) or 1-412-317-6711 (international). A replay will be available through June 12, 2025. The webcast can be accessed at ir.duluthtrading.com, and investors can pre-register for the call at a provided link to expedite entry.
Duluth Holdings Inc. (NASDAQ: DLTH) has announced an inducement grant to Stephanie L. Pugliese, who joins as the company's new President and Chief Executive Officer effective May 5, 2025. The grant includes a total of 1,759,532 shares of Class B common stock, structured in two parts:
1) An immediate grant of 586,511 shares with a one-year pro-rata clawback provision
2) A restricted stock grant of 1,173,021 shares vesting over three years: 33% in 2026, 33% in 2027, and 34% in 2028
The stock awards were granted outside the Company's 2024 Equity Incentive Plan under NASDAQ Listing Rule 5635(c)(4) for employment inducement purposes.
Duluth Trading Company (NASDAQ: DLTH) has announced the appointment of Stephanie Pugliese as President and CEO, effective May 5, 2025. Pugliese, who previously served as President and CEO from 2015 to 2019, will also join the Board of Directors.
During her previous tenure following the company's IPO, Pugliese led Duluth Trading through its most successful period, achieving a doubling of net sales and improved profitability. Chairman Stephen L. Schlecht highlighted Pugliese's deep understanding of the brand's solution-based products and customer-centric approach, noting that recent investments in systems, sourcing, and distribution will provide a strong foundation for delivering differentiated products and superior customer experience.
Duluth Trading Company (NASDAQ: DLTH) announced the retirement of board member Francesca M. Edwardson, who has decided not to seek re-election at the 2025 Annual Meeting of Shareholders. Edwardson, 67, joined the company's advisory board in July 2015 and has served on the Board of Directors since September 2015.
Chairman Stephen L. Schlecht acknowledged Edwardson's nearly decade-long tenure, highlighting her contributions in business acumen and corporate governance expertise. She will continue her board duties until the conclusion of the 2025 Annual Meeting of Shareholders.
Duluth Trading Company (NASDAQ: DLTH) announced that President and CEO Samuel M. Sato will retire effective April 25, 2025. Company founder and Chairman of the Board Stephen L. Schlecht will assume the role of Interim CEO upon Sato's departure.
The Board of Directors has initiated a search for a new CEO, with Schlecht taking over day-to-day leadership during the transition period. Sato will also step down from his position as Board member. Schlecht will serve as Interim CEO starting April 25, 2025, unless a permanent replacement is found before that date.
Sato expressed pride in the company's accomplishments during his tenure, particularly in advancing strategic initiatives and strengthening omni-channel capabilities. Schlecht, as founder, emphasized his commitment to ensuring business continuity and maintaining the company's strategic vision during the transition.
Duluth Trading Company (NASDAQ: DLTH) reported its Q4 and fiscal 2024 results, showing a decline in performance. Q4 net sales decreased 1.8% to $241.3 million, with a net loss of $5.6 million. The company's adjusted net loss was $1.5 million, excluding software impairment and tax-related charges.
For fiscal 2024, total net sales were $626.6 million, down from $646.7 million in the previous year. The company reported a net loss of $43.6 million and adjusted net loss of $23.6 million. Q4 direct-to-consumer sales increased 0.4% to $172.9 million, while retail store sales decreased 6.9% to $68.4 million.
The company ended the quarter with $3.3 million in cash and no outstanding bank debt. For fiscal 2025, Duluth Trading projects net sales between $570-595 million and Adjusted EBITDA of $20-25 million.
Duluth Trading Company (NASDAQ: DLTH) has scheduled its Fourth Quarter and Fiscal Year 2024 financial results announcement for March 13, 2025, before market opening. The company will host a conference call and audio webcast with analysts and investors at 9:30 am Eastern Time on the same day.
Investors can join the live conference call using the following numbers: 1-844-875-6915 (domestic) or 1-412-317-6711 (international). A replay will be available through March 20, 2025, accessible at 1-877-344-7529 (domestic) or 1-412-317-0088 (international) with replay code 6076354. The webcast will be available at ir.duluthtrading.com.
Duluth Trading Company (DLTH) reported third quarter 2024 financial results with net sales of $127.1 million, down 8.1% year-over-year. The company posted a net loss of $28.5 million, with an adjusted net loss of $13.8 million. Gross margin improved by 210 basis points to 52.3%.
Direct-to-consumer sales decreased 8.3% to $79.8 million, while retail store sales fell 7.8% to $47.2 million. The company maintains a strong financial position with approximately $165 million in liquidity. For fiscal 2024, Duluth now expects net sales of approximately $640 million.
The company completed phase two of its fulfillment center network plan, which is projected to reduce overhead expenses by $1.2 million in Q4 and approximately $5.0 million annually.