Duluth Holdings Surges 52% on $280M Trading Volume Ranked 387th as Q2 EBITDA Rebounds to $12M from Year-Ago Loss

On September 4, 2025, Duluth Holdings (DLTH) surged 52.12% with a trading volume of $280 million, ranking 387th in market activity. The company reported Q2 net income of $1.3 million, reversing a $2 million loss in the prior-year period. Adjusted EBITDA rose to $12 million, driven by gross margin expansion to 54.7% and a 12% reduction in inventory. Management attributed gains to promotional resets, cost controls, and inventory discipline, with CEO Stephanie Pugliese emphasizing progress in turnaround efforts.

Revenue totaled $131.7 million, exceeding expectations by 1.95%, though down 7% year-over-year. Direct-to-consumer sales declined 13.7% due to lower traffic, while retail store sales rose 5.3%. The company maintained $73.3 million in net liquidity and reiterated fiscal 2025 guidance, including a $20–25 million adjusted EBITDA range. Management highlighted plans to simplify operations, optimize fulfillment centers, and reduce SKU counts ahead of fall 2026, aiming to align inventory with core product demand.

Backtesting results indicate DLTH’s 52.12% gain on September 4 followed a 23.6% decline year-to-date. The Zacks Rank #3 (Hold) suggests alignment with market performance, with consensus estimates projecting a $0.34 loss per share for the next quarter on $118.4 million in revenue. Analysts note mixed estimate revisions and industry challenges, including tariff impacts and competitive pressures in the Textile-Apparel sector.