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Duluth Trading Q2 net income at $1.3mln, adjusted EBITDA up to $12mln YoY.
ByAinvest
Thursday, Sep 4, 2025 5:47 am ET1min read
• Duluth Trading reports Q2 net income of $1.3mln, up from $2.0mln loss YoY. • Reported EPS at $0.04, adjusted EPS at $0.03. • Adjusted EBITDA increased by $1.5mln to $12.0mln. • Cash and cash equivalents at $73.3mln. • Inventory down 12% YoY.
Duluth Holdings Inc. (NASDAQ: DLTH), the parent company of Duluth Trading Company, reported its financial results for the second quarter ended August 3, 2025. The company reported a net income of $1.3 million, a significant improvement from the $2.0 million loss reported in the same quarter last year. This represents a turnaround in the company's financial performance.The company's earnings per share (EPS) was $0.04, with an adjusted EPS of $0.03. Adjusted EBITDA increased by $1.5 million to $12.0 million, indicating improved operating efficiency. Additionally, the company reported a net liquidity of $73.3 million, with inventory levels down 12% year-over-year.
President and CEO Stephanie Pugliese stated, "We are encouraged by our second-quarter results, reflecting positive momentum in our turnaround efforts." The improvements were driven by promotional reset, expense management, and inventory discipline, which led to enhanced gross margin and reduced selling, general, and administrative expenses.
The company's net sales decreased by $9.9 million to $131.7 million, primarily due to lower traffic in the direct-to-consumer channel. However, this was partially offset by higher average order values. Retail store net sales increased by 5.3% to $52.6 million, driven by higher average order values.
The company ended the quarter with $5.7 million in cash and cash equivalents and $56.9 million in net working capital. The company's balance sheet remains strong, with $73.3 million in net liquidity and $32.5 million in outstanding debt on a $100.0 million revolving line of credit.
Duluth Trading is committed to simplifying its business, reducing expenses, and mitigating tariff impacts. The company is also focused on refocusing its marketing and product assortment to celebrate the self-reliant spirit of its consumers.
The company will hold a conference call and audio webcast with analysts and investors on September 4, 2025, to discuss the results and answer questions.
[1] https://www.stocktitan.net/news/DLTH/duluth-holdings-inc-announces-second-quarter-2025-financial-omioo7z2i3gz.html
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