Duluth Trading Q2 FY26 net income swings to $18.4 million; net sales fall 7.8% to $121.4 million - DLTH News | RalliesDuluth Trading Q2 FY26 net income swings to $18.4 million; net sales fall 7.8% to $121.4 million
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DLTH• Quarterly results and guidance
- Duluth Holdings posted GAAP net income of USD 18.4 million, swinging from profit of USD 1.3 million a year earlier.
- GAAP diluted EPS was USD 0.50, including USD 0.44 from USD 16.3 million of tariff refunds.
- Net sales fell 7.8% to USD 121.4 million, with direct-to-consumer down 11.5% to USD 70.1 million.
- Gross margin widened 18.1 percentage points to 72.8%, reflecting a USD 16 million reduction in cost of goods sold from tariff refunds.
- Adjusted EBITDA guidance was raised to USD 38 million-USD 42 million; fiscal 2026 net sales outlook was reaffirmed at USD 540 million-USD 560 million.
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