Duluth Holdings Inc (DLTH) Q4 2025 Earnings Report

Duluth Holdings reported Q4 2025 revenue of $241.27 million, up meaningfully on a QoQ basis but down marginally year-over-year. The quarter delivered a robust 89.9% sequential revenue increase versus Q3 2025, reflecting strong seasonality and a post-quarter ramp, yet the company remained in a net loss position with an operating loss of $4.24 million and a net loss of $3.52 million, translating to an EPS of -$0.17. Gross margin stood at 44.13%, slightly below the prior-year level, indicating ongoing pressure from selling, general, and administrative costs as well as mix impact after the top-line rebound.