<span item_type="fundamental" item_id="a76d0e9eb054d39602f618cc079bcb88" counter_id="ST/US/DLTH" env="prod"></span><span item_type="announcement" item_id="627959151919500929" env="prod"></span><p>Revenue: As of FY2026 Q4, the actual value is USD 215.89 M, beating the estimate of USD 210.65 M.</p><p>EPS: As of FY2026 Q4, the actual value is USD 0.22.</p><p>EBIT: As of FY2026 Q4, the actual value is USD 9.167 M.</p><p></p><h3>Fourth Quarter Ended February 1, 2026</h3><h4>Segment Revenue</h4><ul><li>Total net sales were $215.9 million, a decrease of $25.4 million or 10.5% compared to $241.3 million in the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Direct-to-consumer net sales decreased by 16.5% to $144.3 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Retail store net sales increased by 4.7% to $71.6 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li></ul><h4>Operational Metrics</h4><ul><li>Net Income was $7.8 million, an improvement of $13.4 million compared to a net loss of - $5.6 million in the prior year fourth quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>The gross margin increased to 53.0% of net sales, an increase of 890 basis points, compared to 44.1% of net sales in the prior year’s fourth quarter <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Selling, General and Administrative Expenses decreased $5.3 million, or 4.8%, to $105.4 million compared to $110.7 million in the prior year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>. As a percentage of net sales, these expenses increased to 48.8% from 45.9% <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Adjusted EBITDA increased $8.9 million from the prior year to $17.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Adjusted net income / (loss) for the three months ended February 1, 2026, was $8.0 million, compared to - $3.3 million for the three months ended February 2, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li></ul><h3>Fiscal Year Ended February 1, 2026</h3><h4>Operational Metrics</h4><ul><li>The net loss was reduced to - $16.2 million, compared to a net loss of - $43.6 million in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Adjusted EBITDA increased $10.3 million from the prior year to $24.9 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Adjusted net income / (loss) for the twelve months ended February 1, 2026, was - $15.0 million, compared to - $35.4 million for the twelve months ended February 2, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li></ul><h4>Cash Flow</h4><ul><li>Duluth Holdings Inc. achieved positive Free Cash Flow of $16.6 million, marking an improvement of $41.8 million compared to - $25.2 million in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Net cash provided by operating activities was $24,172 thousand, compared to net cash used in operating activities of - $16,917 thousand in the prior year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li></ul><h4>Balance Sheet and Liquidity (as of February 1, 2026)</h4><ul><li>Year-end inventory was $131.3 million, down $35.2 million or 21.1% compared to $166.5 million last year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>The company ended the quarter with $16.3 million in cash and cash equivalents <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Net liquidity stood at $141.3 million, with no outstanding debt on the Asset Based Lending facility <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span>.</li><li>Total Debt was $0.0 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li><li>Total Shareholders’ Equity was $166.1 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li><li>Total Capitalization was $182.4 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li><li>The Debt to Capital ratio was 0.0% <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li></ul><h3>Fiscal 2026 Outlook (Fiscal Year Ended January 31, 2027)</h3><ul><li>Duluth Holdings Inc. forecasts Net Sales to be between $540 million and $560 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>. Adjusted EBITDA is expected to range from $26 million to $30 million <span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>. Capital expenditures, including software hosting implementation costs, are projected to be approximately $12 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex991.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1649744/000119312526115172/d106269dex992.htm"></span>.</li></ul>

Duluth | 8-K: FY2026 Q4 Revenue Beats Estimate at USD 215.89 M