Duluth Holdings Inc. Announces First Quarter 2026 Financial Results

<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><strong><em>Net Income improves by $5.2M and Adjusted EBITDA rises by $6.4M over prior year</em></strong></p> <p align="center"><strong><em>Gross Margin reaches 57.4%, an expansion of 540 basis points versus prior year</em></strong></p> <p align="center"><strong><em>Strong balance sheet with approximately $100 million of net liquidity and inventory down 24.8% versus prior year</em></strong></p> <p>MOUNT HOREB, Wis., June 08, 2026 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) ("Duluth Trading" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/DLTH" rel="nofollow">DLTH</a>), a lifestyle brand of men's and women's workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal First Quarter ended May 3, 2026.</p> <p><strong>Summary of the First Quarter ended May 3, 2026 </strong></p> <ul type="disc"> <li>Net loss of $10.0 million compared to net loss of $15.3 million in the prior year first quarter.</li> <li>Reported EPS of ($0.29); and adjusted EPS<sup>1</sup> of ($0.20) adjusted for impairment charges of $2.7 million and restructuring expenses of $1.4 million, net of tax.</li> <li>Adjusted EBITDA<sup>2</sup> increased $6.4 million from the prior year to $2.6 million.</li> <li>Inventory down $43.7 million or 24.8% vs. last year.</li> <li>Cash and cash equivalents of $6.1 million