Duluth Holdings Inc. income statement
In fiscal 2026, Duluth Holdings Inc. reported revenue of $565m, down 9.8% on the year before, operating income of −$10.2m (a -1.8% margin) and net income of −$16.4m, or −$0.47 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Feb 2014 | 2015Feb 2015 | 2016Jan 2016 | 2017Jan 2017 | 2018Jan 2018 | 2019Feb 2019 | 2020Feb 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Feb 2025 | 2026Feb 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 163 | 232 | 304 | 376 | 471 | 568 | 616 | 639 | 699 | 653 | 647 | 627 | 565 | 551 |
| Cost of revenue | — | — | — | — | 210 | 258 | 287 | 307 | 321 | 310 | 322 | 318 | 264 | 230 |
| Gross profit | 92 | 131 | 174 | 214 | 261 | 310 | 328 | 332 | 377 | 343 | 325 | 309 | 302 | 321 |
| Selling, general and administrative | 76 | 107 | 144 | 179 | 224 | 273 | 300 | 307 | 333 | 337 | 335 | 338 | 311 | 307 |
| Operating income | 16 | 24 | 29 | 35 | 37 | 37 | 28 | 24 | 44 | 6 | −10 | −37 | −10 | 9 |
| Interest expense | 0 | 0 | 0 | 0 | 2 | 6 | 4 | 6 | 5 | 4 | 4 | 5 | 5 | 4 |
| Income before tax | 16 | 24 | 29 | 35 | 36 | 32 | 24 | 18 | 39 | 3 | −13 | −41 | −15 | — |
| Income tax | — | — | 1 | 14 | 12 | 8 | 5 | 5 | 10 | 1 | −3 | 2 | 1 | 1 |
| Net income | 16 | 24 | 27 | 21 | 23 | 23 | 19 | 14 | 30 | 2 | −10 | −44 | −16 | 6 |
| Diluted EPS | $0.65 | $0.99 | $1.06 | — | — | — | $0.58 | $0.42 | $0.90 | $0.07 | −$0.30 | −$1.31 | −$0.47 | $0.17 |
| Diluted shares (average) | 24m | 24m | 26m | — | — | — | 32m | 33m | 33m | 33m | 33m | 33m | 35m | 35m |
| EBITDA | 17 | 26 | 32 | 40 | 44 | 50 | 50 | 53 | 73 | 37 | 23 | −5 | 15 | 33 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Feb 2025 | 2026 Q1May 2025 | 2026 Q2Aug 2025 | 2026 Q3Nov 2025 | 2026 Q4Feb 2026 | 2027 Q1May 2026 | 2027 Q2Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 127 | 241 | 103 | 132 | 115 | 216 | 99 | 121 |
| Cost of revenue | 61 | 135 | 49 | 60 | 53 | 101 | 42 | 33 |
| Gross profit | 66 | 106 | 53 | 72 | 62 | 114 | 57 | 88 |
| Selling, general and administrative | 82 | 111 | 65 | 69 | 71 | 105 | 62 | 70 |
| Operating income | −22 | −4 | −12 | 2 | −9 | 9 | −9 | 19 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | −23 | −6 | −14 | 1 | −10 | 8 | — | — |
| Income tax | 5 | 0 | 1 | −0 | 0 | 0 | 0 | 0 |
| Net income | −28 | −6 | −15 | 1 | −10 | 8 | −10 | 18 |
| Diluted EPS | −$0.84 | −$0.17 | −$0.45 | $0.04 | −$0.29 | $0.24 | −$0.29 | $0.50 |
| EBITDA | −14 | 3 | −6 | 9 | −3 | 15 | −3 | 24 |
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