Duluth Holdings Inc. (NASDAQ:DLTH) reported sharply higher second-quarter earnings and stronger underlying gross margins despite lower sales, prompting the company to raise its fiscal 2026 Adjusted EBITDA outlook.
Duluth Holdings Inc. (NASDAQ:DLTH) reported second-quarter net income of $18.4 million, up from $1.3 million a year earlier, although results included $16.3 million of tariff refunds.
Adjusted EBITDA increased to $27.0 million from $12.0 million, while reported and adjusted EPS reached $0.50, including a $0.44 benefit from tariff refunds.
Underlying gross margin improved to 59.6% excluding tariff refunds, up 490 basis points year over year, supported by reduced promotions and lower product costs.
Net sales fell 7.8% to $121.4 million, highlighting continued pressure on customer traffic even as profitability and inventory management improved.
#reported #duluth
Duluth Holdings Inc. (NASDAQ:DLTH) reported second-quarter net income of $18.4 million, up from $1.3 million a year earlier, although results included $16.3 million of tariff refunds.
Adjusted EBITDA increased to $27.0 million from $12.0 million, while reported and adjusted EPS reached $0.50, including a $0.44 benefit from tariff refunds.
Underlying gross margin improved to 59.6% excluding tariff refunds, up 490 basis points year over year, supported by reduced promotions and lower product costs.
Net sales fell 7.8% to $121.4 million, highlighting continued pressure on customer traffic even as profitability and inventory management improved.
#reported #duluth
5 hours ago
