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How Duluth Holdings (DLTH) makes money
Duluth Holdings (DLTH) made $121M of revenue in the second quarter fiscal 2027 (Q2 FY27), -8% from a year earlier. Of every dollar of revenue, 73¢ was left as gross profit, 16¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $121M | 100.0% |
| Cost of revenue | $33.0M | 27.2% |
| Gross profit | $88.4M | 72.8% |
| Operating expenses | $69.5M | 57.3% |
| Operating profit | $18.8M | 15.5% |
| Income tax | $61K | 0.1% |
| Net earnings | $18.4M | 15.2% |
| Operating cash flow | $28.9M | 23.8% |
| Free cash flow | $28.2M | 23.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $121M | -8% |
| Q1 FY27 | $98.6M | -4% |
| Q4 FY26 | $216M | -10% |
| Q3 FY26 | $115M | -10% |
| Q2 FY26 | $132M | -7% |
| Q1 FY26 | $103M | -12% |
| Q4 FY25 | $241M | -2% |
From Duluth Holdings' 10-Q filed Sep 4, 2026 (on EDGAR).
Questions
How does Duluth Holdings make money?
Duluth Holdings (DLTH) made $121M of revenue in the second quarter fiscal 2027 (Q2 FY27), -8% from a year earlier. Of every dollar of revenue, 73¢ was left as gross profit, 16¢ was left as operating profit, 15¢ was left as net earnings.
What is Duluth Holdings' profit margin?
Net earnings were $18.4M, 15.2% of revenue, in the second quarter fiscal 2027; the operating margin was 15.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.