Filing Flows › Duluth Holdings (DLTH) › Q1 FY26
Duluth Holdings (DLTH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 6, 2025
Duluth Holdings (DLTH) reported revenue of $103M for the first quarter fiscal 2026 (Q1 FY26), -12% from a year earlier and -57% from the quarter before. Operating margin was -12.0%, net loss $15.3M (14.9% of revenue).
Duluth Holdings, Q1 FY26: revenue $103M (-12% year over year), operating margin -12.0%, net loss $15.3M, operating cash flow −$56.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | -57% | -12% |
| Operating profit | −$12.4M | — | — |
| Net earnings | −$15.3M | — | — |
| Operating cash flow | −$56.5M | -237% | — |
What changed
Revenue was $102.7M in Q1 FY26, down 12% year over year and down 57% from the previous quarter.
Gross margin was 52.0%, down 0.9 points from a year earlier. Operating costs exceeded revenue by $12.4M, an operating margin of -12.0%. Operating expenses fell 7% while revenue fell 12%. The quarter ended with a net loss of $15.3M, wider than the previous quarter's $3.5M loss.
Operating cash flow was −$56.5M. Non-cash charges added back $6.7M of depreciation and amortization and $254K of share-based compensation. Working capital and other items used $48.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$57.8M.
Questions
What was Duluth Holdings' revenue in the first quarter fiscal 2026?
Duluth Holdings (DLTH) reported revenue of $103M for the first quarter fiscal 2026 (Q1 FY26), -12% from a year earlier and -57% from the quarter before.
Was Duluth Holdings profitable in the first quarter fiscal 2026?
Operating loss was $12.4M (-12.0% of revenue) and net loss $15.3M.
Source: Duluth Holdings 10-Q on SEC EDGAR.