Duluth
Designs durable apparel and gear for hands-on, everyday, and outdoor use.
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Profile
Sells men's and women's workwear, casual wear, outdoor apparel, and accessories under the Duluth Trading brand. Revenue comes from one omnichannel business that combines nationwide web sales with company-operated stores.
Under the Duluth Trading brand, men's and women's workwear, casual wear, outdoor apparel, and accessories are sold for hands-on and everyday use. Longtail T shirts and Fire Hose work pants illustrate durable, functional merchandise.
Nationwide web sales and company-operated retail and outlet stores have extended a catalog-origin business into an omnichannel model. The portfolio serves hands-on, everyday, and outdoor use rather than an external wholesale network.
Product design emphasizes durability and function; proprietary names such as Armachillo, Ballroom, and DuluthFlex help distinguish the assortment. The business operates as one external reportable segment through its own channels.
Company facts
Categories
Key statistics
Year to date +76.8% · Average volume (30d) 47.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Dec 17, 2025 | Robert W. Baird | Target | $4.50 | $5 | ||
| Sep 5, 2025 | Baird | Upgrade | Neutral | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 8, 2026Q1 FY26 | −$0.45 | −$0.20 | +55.6% | $93.7M | $98.6M | +5.2% | +8.35% |
| Mar 19, 2026Q4 FY25 | $0.09 | $0.23 | +155.6% | $210.7M | $215.9M | +2.5% | −2.87% |
| Dec 16, 2025Q3 FY25 | −$0.56 | −$0.23 | +58.9% | $210.9M | $114.9M | −45.5% | −0.90% |
| Sep 4, 2025Q2 FY25 | −$0.05 | $0.03 | +160.0% | $118.5M | $131.7M | +11.2% | +5.57% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $241.3M | $102.7M | $131.7M | $114.9M | $215.9M | $98.6M | |
| Gross profit | $106.5M | $53.4M | $72.0M | $61.8M | $114.4M | $56.6M | |
| Operating income | −$1.4M | −$11.8M | $3.3M | −$8.8M | $9.0M | −$5.2M | |
| Net income | −$3.5M | −$15.3M | $1.3M | −$10.1M | $7.7M | −$10.1M | |
| Diluted EPS | −$0.17 | −$0.45 | $0.04 | −$0.29 | $0.22 | −$0.29 | |
| Gross margin | 44.1% | 52.0% | 54.7% | 53.8% | 53.0% | 57.4% | |
| Operating margin | -0.6% | -11.5% | 2.5% | -7.7% | 4.2% | -5.2% |
Fiscal years (4-quarter sums)FY21 $698.6M · FY22 $653.3M · FY23 $646.7M · FY24 $626.6M · FY25 $565.2M
Balance sheet, May 3, 2026Cash & short-term investments $6.1M · Total debt $148.7M · Total assets $380.7M · Shareholders' equity $159.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 38.00M · Float 17.37M · 45.7% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Schlecht Stephen L. | 10.48M | 28.50% | 13G | Feb 13, 2026 |
| Pugliese Stephanie L. | 2.27M | 6.80% | 13D | May 14, 2026 |
| Askeladden Capital Management LLC | 2.21M | 6.60% | 13G | Feb 17, 2026 |
| Samuel M. Sato · director, officer: President & CEO | 858.0K | 2.26% | Form 4 | Apr 10, 2025 |
| Madison Asset Management, LLC | 762.8K | 2.01% | 13F | May 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 23, 2025 | Richard W. Schlecht | officer: SVP, Product Dev. & Sourcing | +18,052 | $2.17 |
| Dec 24, 2025 | Richard W. Schlecht | officer: SVP, Product Dev. & Sourcing | +10,502 | $2.22 |
| Sep 26, 2025 | Heena Agrawal | officer: Senior Vice President and CFO | +10,000 | $3.50 |
Peers
- Kontoor Brands
Wrangler, Lee, and Helly Hansen span workwear and outdoor apparel
- Boot Barn
Western and workwear apparel retailer with stores and e-commerce
- VF
The North Face and Timberland extend outdoor and durable apparel
- Columbia Sportswear
Columbia, SOREL, prAna, and Mountain Hardwear serve outdoor apparel
- Levi's
Levi's denim and casual apparel sell through stores and e-commerce
- Gildan Activewear
Hanes and Gildan underwear, T-shirts, and workwear socks
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Duluth | $3.68 | +0.55% | $139.8M | — | — | 0.2 | −4.0% |
| Kontoor Brands | $76.99 | +0.05% | $4.26B | 16.1 | 12.8 | 1.4 | −11.2% |
| Boot Barn | $154.85 | 0.00% | $4.69B | 19.6 | 17.1 | 2.0 | +17.8% |
| VF | $13.77 | +0.68% | $5.37B | 19.8 | 12.1 | 0.6 | −5.2% |
| Columbia Sportswear | $58.01 | −0.05% | $2.97B | 15.1 | 15.1 | 0.9 | +1.5% |
| Levi's | $21.29 | 0.00% | $8.33B | 13.1 | 13.3 | 1.3 | +8.0% |
| Gildan Activewear | $53.12 | +0.02% | $8.13B | 98.4 | 10.1 | 1.7 | +72.3% |
| Median | 17.8 | 13.0 | 1.3 | +4.8% |