Duluth Holdings Inc. ( (DLTH) ) has released its Q2 earnings. Here is a breakdown of the information Duluth Holdings Inc. presented to its investors.
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Duluth Holdings Inc., operating as Duluth Trading Company, is a lifestyle brand specializing in men’s and women’s workwear, casual wear, and outdoor apparel, known for its engaging marketing and unique product offerings.
In its second-quarter 2025 financial results, Duluth Holdings Inc. reported a net income of $1.3 million, a significant turnaround from a net loss of $2.0 million in the same quarter last year. The company also achieved an adjusted EBITDA of $12.0 million, reflecting a positive shift in its financial performance.
Key highlights from the report include a gross margin increase to 54.7% due to reduced promotional activities and improved product costs. Despite a 7% decline in net sales to $131.7 million, the company managed to reduce its selling, general, and administrative expenses by $5.2 million. Inventory levels were also down by 12.2% compared to the previous year, contributing to a net liquidity of $73.3 million.
Looking ahead, Duluth Holdings Inc. remains focused on simplifying its business operations and optimizing its fulfillment network. The management is committed to enhancing shareholder value through strategic marketing and product assortment adjustments, aiming to celebrate the self-reliant spirit of its consumers. The company maintains its fiscal 2025 financial guidance, signaling confidence in its ongoing turnaround efforts.