NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Duluth Holdings Inc. (“Duluth” or the “Company”) (NASDAQ: DLTH). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Duluth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On December 16 ...

NEW YORK, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Duluth Holdings Inc. (“Duluth” or the “Company”) (NASDAQ: DLTH).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Duluth and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On December 1 ...

Core Viewpoint - Duluth Holdings Inc. is currently under investigation for potential fraud, providing an opportunity for investors to join the legal proceedings with the Schall Law Firm [1] Group 1 - The investigation is focused on allegations of fraudulent activities related to Duluth Holdings Inc. [1] - Investors are being encouraged to participate in the investigation to seek potential remedies [1]

Financial Performance - Net sales decreased by 9.6% year-over-year in the third quarter to $114.9 million, and decreased by 9.4% in the first nine months to $349.3 million[114]. - Net loss for the third quarter of fiscal 2025 was $10.1 million, an improvement from a net loss of $28.2 million in the prior year; net loss for the first nine months was $24.0 million compared to $38.1 million in the same period last year[114]. - Adjusted EBITDA improved to ($0.7) million in the third quarter of fiscal 2025 from ($6.2) million in the prior year, and increased to $7.5 million in the first nine months compared to $6.1 million in the same period last year[114]. - Net sales decreased by $12.2 million, or 9.6%, to $114.9 million for the three months ended November 2, 2025, compared to $127.1 million for the same period in 2024[123]. - Gross profit decreased by $4.6 million, or 6.9%, to $61.8 million for the three months ended November 2, 2025, with a gross margin of 53.8%, up from 52.3% in the prior year[124]. - For the nine months ended November 2, 2025, net sales decreased by $36.1 million, or 9.4%, to $349.3 million compared to $385.4 million in the prior year[129]. - Gross profit for the nine months ended November 2, 2025, decreased by $14.8 million, or 7.3%, to $187.2 million, with a gross margin of 53.6%, up from 52.4%[130]. Expenses and Costs - Selling, general and administrative expenses decreased by $11.6 million, or 14.1%, to $70.1 million for the three months ended November 2, 2025, representing 61.5% of net sales, down from 64.8%[125]. - Selling, general and administrative expenses for the nine months ended November 2, 2025, decreased by $21.7 million, or 9.6%, to $205.1 million, representing 58.7% of net sales[131]. - Selling, general and administrative expenses are expected to be higher in lower-volume quarters due to fixed costs, affecting overall profitability[117]. Operational Insights - The company operated 63 retail stores and three outlet stores as of November 2, 2025, expanding its omnichannel platform since 2010[108]. - The company emphasizes the importance of Adjusted EBITDA as a key performance metric, excluding financing and investing activities to provide a clearer operational picture[118]. - Gross profit is calculated as net sales minus cost of goods sold, with expectations for growth aligned with net sales increases[116]. - The company has built strong brand awareness and a loyal customer base through a focus on quality and functional products[110]. Economic and Market Conditions - The macroeconomic environment is characterized by inflation and tariff concerns, which may impact merchandise costs and availability[112]. - Future performance is subject to various risks, including economic uncertainties and supply chain disruptions, which could materially affect results[105]. Cash Flow and Investments - Net cash used in operating activities was $31.1 million for the nine months ended November 2, 2025, compared to $58.1 million in the prior year[142]. - The company expects to spend approximately $17.0 million on capital expenditures in fiscal 2025, primarily for new stores and IT investments[139]. - For the nine months ended November 2, 2025, net cash used in investing activities was $5.7 million[147]. - Net cash provided by financing activities for the nine months ended November 2, 2025, was $41.6 million, an increase from $41.0 million for the same period in 2024[148]. Compliance and Reporting - There have been no significant changes to contractual obligations as described in the Annual Report on Form 10-K for the fiscal year ended February 2, 2025[149]. - The company is not a party to any material off-balance sheet arrangements[150]. - There have been no significant changes to critical accounting policies and estimates as described in the 2024 Form 10-K[152]. - There have been no significant changes in market risks as described in the 2024 Form 10-K[154].

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Core Viewpoint - Duluth Holdings Inc. has shown signs of financial improvement despite challenges, with notable performance in earnings and a reduction in net loss [1][6]. Financial Performance - The company reported an earnings per share (EPS) of -$0.23, exceeding the Zacks Consensus Estimate of -$0.56, resulting in an earnings surprise of nearly 59% [2][6]. - Revenue for the quarter was $114.87 million, slightly below the estimated $118.5 million, and a decline from $127.06 million in the same quarter last year [3][6]. - The net loss decreased to $10.1 million from $28.2 million in the previous year, indicating improved financial health [4][6]. - Adjusted EBITDA improved by $5.5 million, reaching -$0.7 million [4][6]. Profitability and Ratios - The company achieved profitability improvements through gross margin expansion and effective SG&A leverage [3][6]. - Financial ratios include a price-to-earnings (P/E) ratio of -3.87, a price-to-sales ratio of 0.19, and an enterprise value to sales ratio of 0.47 [5]. - The debt-to-equity ratio stands at 1.08, suggesting a balanced approach to debt and equity [5]. Liquidity - Duluth Holdings maintains a net liquidity of $88.6 million, with cash and cash equivalents totaling $8.2 million [4].

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Financial Performance - Q3 2025 - Net loss was $10.1 million, compared to a net loss of $28.2 million in the prior year's third quarter[12] - Reported EPS loss was $0.29, with an adjusted EPS loss of $0.23, after adjusting for a tax valuation allowance of $2.0 million[12] - Adjusted EBITDA increased by $5.5 million year-over-year to ($0.7) million[12] - Inventory decreased by $39.2 million, a 17.0% reduction compared to the previous year[12] Balance Sheet and Liquidity - Cash and cash equivalents totaled $8.2 million, with net liquidity at $88.6 million[12] - Debt to Capital ratio is 22.0%[19] - The Asset Based Lending Agreement extends to 2030 and provides for borrowings of up to $125.0 million[21] Fiscal Year 2025 Outlook - Adjusted EBITDA guidance range is affirmed at the higher end, between $23 million and $25 million, compared to the previous range of $20 million to $25 million[12] - Net sales guidance is updated to a range of $555 million to $565 million, compared to the previous guidance of $570 million to $595 million[12] - Capital expenditures are affirmed at $17 million[12] Capital Expenditures Initiatives - The company is investing in capital expenditures for 15 new stores, technology roadmap, website re-platform, etc[27]

Duluth Holdings (DLTH) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.56. This compares to a loss of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +58.93%. A quarter ago, it was expected that this clothing and tools supplier would post a loss of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of +160%.Over the last four quarters, ...

Financial Performance - Net loss reduced to $10.1 million compared to a net loss of $28.2 million in the prior year Third Quarter[6] - Adjusted EBITDA increased by $5.5 million from the prior year to -$0.7 million[6] - Net sales decreased by $12.2 million, or 9.6%, to $114.9 million compared to $127.1 million in the prior year[8] - Direct-to-consumer net sales decreased by 15.5% to $67.4 million due to lower traffic[8] - Gross profit for the nine months ended November 2, 2025, was $187.220 million, down from $202.031 million in the same period of 2024, reflecting a decrease of 7.3%[30] - The company reported a net loss of $10.101 million for the three months ended November 2, 2025, compared to a net loss of $28.231 million for the same period in 2024[30] - Adjusted EBITDA for the nine months ended November 2, 2025, was $7.468 million, compared to $6.084 million for the same period in 2024, showing an increase of 22.8%[34] Sales and Revenue Guidance - Affirming the higher end of fiscal 2025 Adjusted EBITDA guidance range of $23 million to $25 million[13] - Updating net sales guidance to a range of $555 million to $565 million[13] Expenses and Costs - Selling, general and administrative expenses decreased by $11.6 million, or 14.1%, to $70.7 million[10] - Gross margin increased to 53.8% of net sales, up from 52.3% in the prior year, despite a $3.0 million tariff impact[9] - The company incurred interest expense of $4.181 million for the nine months ended November 2, 2025, compared to $3.232 million for the same period in 2024, reflecting an increase of 29.3%[30] Assets and Liabilities - Total current assets increased to $228.746 million as of November 2, 2025, from $191.631 million as of February 2, 2025, representing a growth of 19.4%[27] - Total liabilities rose to $310.322 million as of November 2, 2025, compared to $272.763 million as of February 2, 2025, indicating an increase of 13.8%[27] Cash Flow and Liquidity - Cash and cash equivalents of $8.2 million with net liquidity of $88.6 million[11] - Cash and cash equivalents at the end of the period were $8.172 million, a decrease from $9.335 million at the end of the previous period[32] - The company experienced a net cash used in operating activities of $31.115 million for the nine months ended November 2, 2025, compared to $58.125 million for the same period in 2024[32] Inventory - Inventory down $39.2 million or 17.0% compared to last year[6] Shareholder Information - The weighted average shares of common stock outstanding increased to 34.517 million for the three months ended November 2, 2025, from 33.448 million for the same period in 2024[30]