DULUTH HOLDINGS INC.DLTHEarnings & Financial Report
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
DLTH Q3 FY2026 Key Financial Metrics
Revenue
$114.9M
Gross Profit
$61.8M
Operating Profit
$-8.8M
Net Profit
$-10.1M
Gross Margin
53.8%
Operating Margin
-7.7%
Net Margin
-8.8%
YoY Growth
-9.6%
EPS
$-0.29
DULUTH HOLDINGS INC. Q3 FY2026 Financial Summary
DULUTH HOLDINGS INC. reported revenue of $114.9M (down 9.6% YoY) for Q3 FY2026, with a net profit of $-10.1M (up 64.6% YoY) (-8.8% margin). Cost of goods sold was $53.0M, operating expenses totaled $70.7M.
Key Financial Metrics
| Total Revenue | $114.9M |
|---|---|
| Net Profit | $-10.1M |
| Gross Margin | 53.8% |
| Operating Margin | -7.7% |
| Report Period | Q3 FY2026 |
Revenue Breakdown
DULUTH HOLDINGS INC. Q3 FY2026 revenue of $114.9M breaks down across 2 segments, led by Sales Channel Directly To Consumer at $67.4M (58.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sales Channel Directly To Consumer | $67.4M | 58.7% |
| Sales Channel Through Intermediary | $47.4M | 41.3% |
DULUTH HOLDINGS INC. Revenue by Segment — Quarterly Trend
DULUTH HOLDINGS INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sales Channel Directly To Consumer and Sales Channel Through Intermediary) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Sales Channel Directly To Consumer | $67.4M | $79.1M | $62.6M | $172.9M |
| Sales Channel Through Intermediary | $47.4M | $52.6M | $40.2M | $68.4M |
DULUTH HOLDINGS INC. Annual Revenue by Year
DULUTH HOLDINGS INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $626.6M).
DULUTH HOLDINGS INC. Quarterly Revenue & Net Profit History
DULUTH HOLDINGS INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $114.9M | -9.6% | $-10.1M | -8.8% |
| Q2 FY2026 | $131.7M | -7.0% | $1.3M | 1.0% |
| Q1 FY2026 | $102.7M | -12.0% | $-15.3M | -14.9% |
| Q4 FY2025 | $241.3M | -1.8% | $-5.6M | -2.3% |
| Q3 FY2025 | $127.1M | -8.1% | $-28.2M | -22.2% |
| Q2 FY2025 | $141.6M | +1.8% | $-2.0M | -1.4% |
| Q1 FY2025 | $116.7M | -5.7% | $-7.9M | -6.7% |
| Q4 FY2024 | $245.6M | +1.6% | $6.4M | 2.6% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $245.6M | $116.7M | $141.6M | $127.1M | $241.3M | $102.7M | $131.7M | $114.9M |
| YoY Growth | 1.6% | -5.7% | 1.8% | -8.1% | -1.8% | -12.0% | -7.0% | -9.6% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $491.2M | $471.4M | $488.6M | $533.1M | $452.4M | $463.7M | $433.8M | $468.0M |
| Liabilities | $271.5M | $256.1M | $275.9M | $348.0M | $272.8M | $298.8M | $266.7M | $310.3M |
| Equity | $222.8M | $218.4M | $215.7M | $188.1M | $182.7M | $167.9M | $170.0M | $160.6M |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $69.7M | $-33.7M | $16.6M | $-41.1M | $41.2M | $-56.5M | $32.0M | $-6.7M |