Duluth Holdings Inc. reported net income of $1.3 million and Adjusted EBITDA of $12.0 million in the second quarter of 2025.
The company experienced gross margin expansion and SG&A leverage from cost control.
Net liquidity stood at $73.3 million, with a 12% decrease in inventory compared to the previous year.
Positive Turnaround Momentum
Notable improvements in business performance, including promotional reset, expense management, and inventory discipline.
Future Strategic Focus
Plans to optimize product sourcing, fulfillment centers, and store portfolio to enhance profitability and simplify operations.
Commitment to Shareholder Value
Focused on refocusing marketing strategies and product assortment to create shareholder value and drive profitable growth.
- The operating results for the second quarter showed a decrease in net sales but improvements in gross margin and SG&A expenses.
- Direct-to-consumer net sales decreased due to lower traffic, while retail store net sales increased driven by higher average order values.
Duluth Holdings Inc. is dedicated to simplifying its business operations, reducing expenses, and focusing on core strengths to drive shareholder value and sustainable growth.