Revenue: As of FY2026 Q3, the actual value is USD 114.87 M, missing the estimate of USD 118.5 M.EPS: As of FY2026 Q3, the actual value is USD -0.29.EBIT: As of FY2026 Q3, the actual value is USD -7.603 M.<h3>Segment Revenue</h3><ul><li>Net Sales: $114.9 million for the three months ended November 2, 2025, compared to $127.1 million for the same period in 2024, representing a decrease of 9.6%.</li><li>Net Sales: $349.3 million for the nine months ended November 2, 2025, compared to $385.4 million for the same period in 2024, representing a decrease of 9.4%.</li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit: $61.8 million for the three months ended November 2, 2025, compared to $66.4 million for the same period in 2024, representing a decrease of 6.9%.</li><li>Gross Margin: Increased to 53.8% for the three months ended November 2, 2025, compared to 52.3% for the same period in 2024.</li><li>Operating Loss: - $8.8 million for the three months ended November 2, 2025, compared to - $22.1 million for the same period in 2024.</li><li>Net Loss: - $10.1 million for the three months ended November 2, 2025, compared to - $28.2 million for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: - $31.1 million for the nine months ended November 2, 2025, compared to - $58.1 million for the same period in 2024.</li><li>Net Cash Used in Investing Activities: - $5.7 million for the nine months ended November 2, 2025, compared to - $5.7 million for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $41.6 million for the nine months ended November 2, 2025, compared to $41.0 million for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Adjusted EBITDA: - $0.7 million for the three months ended November 2, 2025, compared to - $6.2 million for the same period in 2024.</li><li>Adjusted EBITDA: $7.5 million for the nine months ended November 2, 2025, compared to $6.1 million for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue leveraging its direct-to-factory sourcing initiative to improve product costs and increase average unit retail sales.</li><li>Non-Core Business: The company has entered into a new credit agreement to provide flexibility and liquidity to finance seasonal inventory builds, with a revolving credit commitment temporarily increased from $100 million to $125 million until March 31, 2026.</li></ul>

Duluth | 10-Q: FY2026 Q3 Revenue Misses Estimate at USD 114.87 M