Filing Flows › Consumer Discretionary › Duluth Holdings (DLTH)
Duluth Holdings (DLTH) earnings and revenue breakdown
Latest: Q2 FY27 · 10-Q filed Sep 4, 2026 · Duluth Holdings (DLTH) Q2 FY27 earnings results →
Q2 FY27 Revenue down 8% year over year to $121M · 15¢ of every $1 of revenue kept as net profit · operating margin 15.5%
Duluth Holdings made $121M in Q2 FY27 (-8% Y/Y). Operating margin 15.5%, net earnings $18.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $121.4M in Q2 FY27, down 8% year over year and up 23% from the previous quarter.
Gross margin was 72.8%, up 18.1 points from Q2 FY26. Operating profit was $18.8M, a 15.5% margin (up 13.7 points year over year). Operating expenses fell 0% while revenue fell 8%. Net earnings were $18.4M, up 1356% year over year. The effective tax rate was 0.3%.
Operating cash flow was $28.9M (down 10% year over year), 157% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $913K of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $716K left free cash flow of $28.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Sep 4, 2026 | $121M | -8% | 15.5% | $18.4M | $28.9M |
| Q1 FY27 | 10-Q | Jun 9, 2026 | $98.6M | -4% | -9.4% | −$10.0M | −$13.4M |
| Q4 FY26 | 10-K | Mar 20, 2026 | $216M | -10% | 4.0% | $7.8M | $55.3M |
| Q3 FY26 | 10-Q | Dec 17, 2025 | $115M | -10% | -7.7% | −$10.1M | −$6.7M |
| Q2 FY26 | 10-Q | Sep 5, 2025 | $132M | -7% | 1.8% | $1.3M | $32.0M |
| Q1 FY26 | 10-Q | Jun 6, 2025 | $103M | -12% | -12.0% | −$15.3M | −$56.5M |
| Q4 FY25 | 10-K | Mar 24, 2025 | $241M | -2% | -0.6% | −$3.5M | $41.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Duluth Holdings
Duluth Trading is a lifestyle brand for the Modern, Self-Reliant American. Based in Mount Horeb, Wisconsin, we offer high quality, solution-based workwear, casual wear, outdoor apparel and accessories for men and women who lead a hands-on lifestyle and who value a job well-done. We provide our customers an engaging and entertaining experience. Our marketing incorporates humor and storytelling that conveys the uniqueness of our products in a distinctive, fun way, and are available through our content-rich website, catalogs, and “store like no other” retail locations. We are committed to outstanding customer service backed by our “No Bull Guarantee” - if it’s not right, we’ll fix it. Visit our website at http://www.duluthtrading.com.
In its own words, from its 8-K, filed Sep 3, 2026.
Duluth Holdings against its Retail-Apparel & Accessory Stores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -8% against the peers' median -2%. Operating margin: 15.5% against the peers' median 5.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DLTH Duluth Holdings | Q2 FY27 | $121M | -8% | 15.5% |
| CURV Torrid Holdings | Q2 FY27 | $232M | -12% | 6.3% |
| CTRN Citi Trends | Q2 FY27 | $212M | +11% | -0.8% |
| ZUMZ Zumiez | Q2 FY27 | $209M | -2% | -0.6% |
| TLYS Tilly's | Q2 FY27 | $164M | +8% | 5.0% |
| VNCE Vince Holding | Q2 FY27 | $81.8M | +12% | 16.6% |
| DBGI Digital Brands Group | Q2 2026 | $1.2M | -46% | -618.6% |
Source: Duluth Holdings 10-Q on SEC EDGAR · CIK 1649744 · Retail-Apparel & Accessory Stores
13F: who owns DLTH and who is buying
More on DLTH
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results