Welcome to our dedicated page for Duluth Holdings SEC filings (Ticker: DLTH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Duluth Holdings Inc. filings document the public-company disclosures of an apparel retailer operating as Duluth Trading Company. Recent Form 8-K reports furnish quarterly and annual earnings releases, investor presentations and Regulation FD materials covering sales, margin, adjusted earnings measures, liquidity and forward-looking operating expectations.
The company’s SEC record also includes proxy materials for shareholder voting, board governance and executive compensation matters, as well as current reports on employment and compensation arrangements, officer changes and material credit-agreement amendments. Its disclosures identify Class B common stock registered under the symbol DLTH on the NASDAQ Global Select Market.
Duluth Holdings posted first-quarter net sales of $98.6 million, down 4.0% from a year earlier, as weaker direct-to-consumer web traffic and lower promotions outweighed higher average order values. Store sales grew modestly, helped by better shopper conversion and larger baskets.
The company reported a net loss of $10.0 million, improved from a $15.3 million loss, with net loss per share narrowing to $(0.29) from $(0.45). Gross margin expanded to 57.4%, driven by fewer promotions and improved product costs. Adjusted EBITDA turned positive at $2.6 million versus negative $3.8 million a year ago.
Free cash remains tight: cash and cash equivalents fell to $6.1 million and operating activities used $13.4 million, though this was far better than the prior-year use of $56.5 million. The company booked a $2.7 million impairment and $1.4 million in restructuring costs tied to closing its Salt Lake City fulfillment center. Under its $100 million revolving credit facility, Duluth had $6.0 million drawn and $0.7 million in letters of credit outstanding, leaving $93.3 million available.
Duluth Holdings Inc. reported the results of its annual shareholder meeting held on June 3, 2026. Shareholders elected eight directors, with Class A shares casting 33,642,000 votes for each nominee and no withhold votes. Class B support for nominees ranged from 21,325,684 to 23,236,107 votes for, with relatively small withhold totals and broker non-votes recorded.
Shareholders also held an advisory vote on executive compensation. Class A shares cast 33,642,000 votes for the pay program and none against, while Class B shares cast 22,646,088 votes for, 829,732 against, and 29,028 abstentions, with 6,089,200 broker non-votes. The appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending January 31, 2027 received 33,642,000 Class A votes for and, for Class B shares, 29,562,705 votes for, 26,205 against, and 5,138 abstentions.
Duluth Holdings Inc. reported the results of its annual shareholder meeting held on June 3, 2026. Shareholders elected eight directors, with Class A shares casting 33,642,000 votes for each nominee and no withhold votes. Class B support for nominees ranged from 21,325,684 to 23,236,107 votes for, with relatively small withhold totals and broker non-votes recorded.
Shareholders also held an advisory vote on executive compensation. Class A shares cast 33,642,000 votes for the pay program and none against, while Class B shares cast 22,646,088 votes for, 829,732 against, and 29,028 abstentions, with 6,089,200 broker non-votes. The appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending January 31, 2027 received 33,642,000 Class A votes for and, for Class B shares, 29,562,705 votes for, 26,205 against, and 5,138 abstentions.
Duluth Holdings Inc. used an Investor & Analyst Day to outline its turnaround progress and new multi-year plan. For fiscal 2025, the company generated net sales of $565 million, a gross margin of 53.4% and Adjusted EBITDA of $24.9 million, with free cash flow swinging to a positive $16.6 million from a prior-year deficit.
Management highlighted inventory reductions of 21% year over year, higher full-price selling and store comps, and a shift toward core, problem-solution products. In Q1 2026, revenue was $98 million, gross margin improved to 57.4%, and Adjusted EBITDA turned positive at $2.6 million with sharply better cash flow.
The company’s 2025–2028 targets call for net sales growing 1–3% annually, gross margin expansion of 200–300 basis points, SG&A leverage of 200–300 basis points, and capital spending held near 2–3% of sales. By 2028, Duluth aims for an Adjusted EBITDA margin of 8–10% (about $50–$60 million) and free cash flow of roughly $30–$40 million, funded without new equity.
Duluth Holdings Inc. used an Investor & Analyst Day to outline its turnaround progress and new multi-year plan. For fiscal 2025, the company generated net sales of $565 million, a gross margin of 53.4% and Adjusted EBITDA of $24.9 million, with free cash flow swinging to a positive $16.6 million from a prior-year deficit.
Management highlighted inventory reductions of 21% year over year, higher full-price selling and store comps, and a shift toward core, problem-solution products. In Q1 2026, revenue was $98 million, gross margin improved to 57.4%, and Adjusted EBITDA turned positive at $2.6 million with sharply better cash flow.
The company’s 2025–2028 targets call for net sales growing 1–3% annually, gross margin expansion of 200–300 basis points, SG&A leverage of 200–300 basis points, and capital spending held near 2–3% of sales. By 2028, Duluth aims for an Adjusted EBITDA margin of 8–10% (about $50–$60 million) and free cash flow of roughly $30–$40 million, funded without new equity.
Duluth Holdings reported fiscal first quarter 2026 results showing a smaller loss and stronger profitability metrics despite slightly lower sales. Net sales were $98.6 million versus $102.7 million a year ago, but net loss improved to $10.0 million from $15.3 million, with EPS narrowing to ($0.29) from ($0.45).
Gross margin expanded 540 basis points to 57.4% of net sales, helped by higher average unit prices, reduced promotions and better product costs. Adjusted EBITDA swung to a positive $2.6 million from a loss of $3.8 million, while adjusted EPS improved to ($0.20) from ($0.44) after restructuring and impairment adjustments.
Inventory fell $43.7 million, or 24.8%, versus last year, and the company ended the quarter with $6.1 million of cash, $62.3 million of net working capital and net liquidity of $99.5 million, including $6.0 million drawn on a $100.0 million asset-based facility. For fiscal 2026, Duluth reaffirmed net sales guidance of $540 million to $560 million, raised its Adjusted EBITDA outlook to $28 million to $32 million, and maintained planned capital expenditures of about $12 million.
Duluth Holdings reported fiscal first quarter 2026 results showing a smaller loss and stronger profitability metrics despite slightly lower sales. Net sales were $98.6 million versus $102.7 million a year ago, but net loss improved to $10.0 million from $15.3 million, with EPS narrowing to ($0.29) from ($0.45).
Gross margin expanded 540 basis points to 57.4% of net sales, helped by higher average unit prices, reduced promotions and better product costs. Adjusted EBITDA swung to a positive $2.6 million from a loss of $3.8 million, while adjusted EPS improved to ($0.20) from ($0.44) after restructuring and impairment adjustments.
Inventory fell $43.7 million, or 24.8%, versus last year, and the company ended the quarter with $6.1 million of cash, $62.3 million of net working capital and net liquidity of $99.5 million, including $6.0 million drawn on a $100.0 million asset-based facility. For fiscal 2026, Duluth reaffirmed net sales guidance of $540 million to $560 million, raised its Adjusted EBITDA outlook to $28 million to $32 million, and maintained planned capital expenditures of about $12 million.
Williams Scott K reported acquisition or exercise transactions in this Form 4 filing.
Duluth Holdings Inc. director Scott K. Williams received a grant of 22,858 shares of Class B common stock as restricted stock, awarded at $0.0000 per share under the company’s 2024 Equity Incentive Plan. These restricted shares vest in full on the earlier of June 3, 2027 or the date of Duluth Holdings Inc.’s 2027 annual meeting of shareholders. Following this equity award, Williams directly holds 164,942 shares of Class B common stock.
Robinson Ronald reported acquisition or exercise transactions in this Form 4 filing.
Duluth Holdings Inc. director Ronald Robinson received a grant of 22,858 shares of Class B Common Stock as restricted stock under the company’s 2024 Equity Incentive Plan. These shares vest in full on the earlier of June 3, 2027 or the 2027 annual meeting of shareholders. Following this award, Robinson directly holds 97,831 shares.
RILEY SUSAN J reported acquisition or exercise transactions in this Form 4 filing.
Duluth Holdings Inc. director Susan J. Riley received an award of 22,858 shares of Class B restricted stock as equity compensation. The grant was made at no cash cost to her and increases her direct holdings to 105,414 shares. These restricted shares vest in full on the earlier of June 3, 2027 or the company’s 2027 annual meeting of shareholders.
Paschke Brett Lee reported acquisition or exercise transactions in this Form 4 filing.
DULUTH HOLDINGS INC. director Brett Lee Paschke reported a compensation-related equity grant and updated holdings of Class B Common Stock. He received an award of 22,858 shares of restricted stock at $0.00 per share under the 2024 Equity Incentive Plan.
The restricted shares vest in full on the earlier of June 3, 2027 or the date of the company’s 2027 annual meeting of shareholders. After this grant, Paschke directly holds 159,213 Class B shares, and a trust associated with him indirectly holds 18,959 Class B shares, reflecting his overall equity stake reported in this filing.
Kennedy Janet H reported acquisition or exercise transactions in this Form 4 filing.
Duluth Holdings Inc. director Janet H. Kennedy received an award of 22,858 shares of Class B common stock as restricted stock, granted at no cash cost under the company’s 2024 Equity Incentive Plan. These restricted shares vest in full on the earlier of June 3, 2027 or the company’s 2027 annual meeting of shareholders. Following this equity grant, Kennedy directly holds a total of 139,531 shares of Duluth Holdings Inc. Class B common stock.
FINCH DAVID COLE reported acquisition or exercise transactions in this Form 4 filing.
Duluth Holdings Inc. reported that director David Cole Finch received an award of 22,858 shares of Class B common stock. The shares were granted at $0.00 per share under the company’s 2024 Equity Incentive Plan.
Following this equity award, Finch directly holds 230,338 Class B shares. The restricted stock vests in full on the earlier of June 3, 2027 or the date of Duluth Holdings Inc.’s 2027 annual meeting of shareholders, tying the grant to longer-term board service.