Duluth Holdings Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $565.2M | $626.6M | $646.7M | $653.3M | $698.6M | $638.8M | $615.6M | $568.1M |
| Cost of Revenue | $263.6M | $318.1M | $321.7M | $309.9M | $321.3M | $307.3M | $287.5M | $257.7M |
| Gross Profit | $301.6M | $308.5M | $325.0M | $343.4M | $377.3M | $331.5M | $328.1M | $310.4M |
| Gross Margin | 53.4% | 49.2% | 50.3% | 52.6% | 54.0% | 51.9% | 53.3% | 54.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $310.5M | $337.6M | $334.5M | $337.2M | $333.2M | $307.3M | $300.0M | $273.2M |
| Operating Income | $-10.2M | $-36.9M | $-9.6M | $6.2M | $44.1M | $24.2M | $28.1M | $37.2M |
| Operating Margin | -1.8% | -5.9% | -1.5% | 1.0% | 6.3% | 3.8% | 4.6% | 6.5% |
| Interest Expense | $5.2M | $4.6M | $4.2M | $3.7M | $4.7M | $6.3M | $4.5M | $5.9M |
| Pretax Income | $-15.2M | $-41.2M | $-12.8M | $3.0M | $39.4M | $18.0M | $23.9M | $31.6M |
| Income Tax Expense | $1.2M | $2.4M | $-2.9M | $708.0K | $9.9M | $4.6M | $5.4M | $8.5M |
| Net Income | $-16.4M | $-43.7M | $-9.9M | $2.3M | $29.7M | $13.6M | $18.9M | $23.2M |
| Net Margin | -2.9% | -7.0% | -1.5% | 0.4% | 4.3% | 2.1% | 3.1% | 4.1% |
| EPS (Basic) | $-0.47 | $-1.31 | $-0.30 | $0.07 | $0.91 | $0.42 | $0.59 | — |
| EPS (Diluted) | $-0.47 | $-1.31 | $-0.30 | $0.07 | $0.90 | $0.42 | $0.58 | — |
| Shares Outstanding (Basic) | 34.6M | 33.4M | 33.0M | 32.8M | 32.6M | 32.4M | 32.3M | — |
| Shares Outstanding (Diluted) | 34.6M | 33.4M | 33.0M | 33.0M | 32.9M | 32.6M | 32.4M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |