Filing Flows › Duluth Holdings (DLTH) › Q4 FY26
Duluth Holdings (DLTH) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 20, 2026
Duluth Holdings (DLTH) reported revenue of $216M for the fourth quarter fiscal 2026 (Q4 FY26), -11% from a year earlier and +88% from the quarter before. Operating margin was 4.0%, net earnings $7.8M (3.6% of revenue).
Duluth Holdings, Q4 FY26: revenue $216M (-10% year over year), operating margin 4.0%, net earnings $7.8M, operating cash flow $55.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $216M | +88% | -11% |
| Gross profit | $114M | +85% | +7% |
| Operating profit | $8.6M | — | — |
| Net earnings | $7.8M | — | — |
| Operating cash flow | $55.3M | — | +34% |
| Free cash flow | $53.5M | — | +38% |
What changed
Revenue was $215.9M in Q4 FY26, down 11% year over year and up 88% from the previous quarter.
Gross margin was 53.0%, up 8.9 points from Q4 FY25. Operating profit was $8.6M, a 4.0% margin (up 5.8 points year over year). Operating expenses fell 4% while revenue fell 11%. Net earnings were $7.7M. The effective tax rate was 4.4%.
Operating cash flow was $55.3M (up 34% year over year), 710% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $609K of share-based compensation. Working capital and other items added $40.9M. Capital expenditures of $1.8M left free cash flow of $53.5M.
Questions
What was Duluth Holdings' revenue in the fourth quarter fiscal 2026?
Duluth Holdings (DLTH) reported revenue of $216M for the fourth quarter fiscal 2026 (Q4 FY26), -11% from a year earlier and +88% from the quarter before.
Was Duluth Holdings profitable in the fourth quarter fiscal 2026?
Operating profit was $8.6M (4.0% of revenue) and net earnings $7.8M.
Source: Duluth Holdings 10-K on SEC EDGAR.