Duluth Holdings Q3 net loss narrows

Duluth Holdings

16/12/2025 10:58

Overview

U.S. lifestyle brand's fiscal Q3 net loss reduced significantly compared to last year

Company's fiscal Q3 net sales decreased 9.6% yr/yr

Affirms higher end of fiscal 2025 adjusted EBITDA guidance range

Outlook

Duluth Holdings affirms higher end of fiscal 2025 adjusted EBITDA guidance at $23 mln to $25 mln

Company updates fiscal 2025 net sales guidance to $555 mln to $565 mln

Company focuses on expanding customer base and prioritizing core durable products

Result Drivers

GROSS MARGIN EXPANSION - Co improved gross margin to 53.8% from 52.3% due to reduced promotional activity and better product costs

SG&A LEVERAGE - Co reduced SG&A expenses by 14.1%, driven by lower marketing costs and personnel reductions

INVENTORY MANAGEMENT - Inventory levels decreased by 17% yr/yr, aiding liquidity improvement

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
$114.90 mln
Q3 Adjusted EPS
-$0.23
Q3 EPS
-$0.29
Q3 Adjusted EBITDA
-$700,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "buy"

Wall Street's median 12-month price target for Duluth Holdings Inc is $6.13, about 95.7% above its December 15 closing price of $3.13

Press Release: ID:nGNX770KwQ

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)