Duluth Holdings 10-K: $565.2M Revenue, $(0.47) EPS

Duluth Holdings reported fiscal 2025 net sales of $565.2 million, a 9.8% decrease from the prior year, with a net loss per share of $(0.47), an improvement from $(1.31) last year. Gross profit was $301.6 million, with a gross margin of 53.4%, up from 49.2%. Operating loss narrowed to $(10.2) million, and net loss improved to $(16.2) million. The decline in sales was attributed to lower direct-to-consumer traffic and one fewer week in the fiscal year, although store sales improved. Free cash flow turned positive due to reduced inventory levels.