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Companies / Consumer Discretionary / DULUTH HOLDINGS INC.
DLTH

DULUTH HOLDINGS INC.

Consumer DiscretionaryRetail
Ticker DLTHMOUNT HOREB, WIFiscal year ends FebruaryBook value per share $4.89Diluted shares 36.4M

Duluth Holdings Inc. (NASDAQ: DLTH) operates as a lifestyle brand specializing in men's and women's workwear, casual wear, outdoor apparel, and accessories sold primarily through an omnichannel platform at www.duluthtrading.com. The company was founded in 1989 when two brothers in the home construction industry… From the company’s description.

Fiscal year 2026 · ends 02-01Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-08-02
Sales & profitability
$565.18M
−9.8% year over year
Last 12 mo $550.75M
-1.80%
+4.1 percentage points
Last 12 mo 1.71%
$-16.25M
+62.7% year over year
Last 12 mo $6.09M
-8.98%
+10.7 percentage points
Last 12 mo 3.32%
Cash & financing
$24.17M
+242.9% year over year
Last 12 mo $64.06M
$16.57M
+165.6% year over year
Last 12 mo $57.54M
0.33
Was 0.32× a year earlier
Last 12 mo 0.30
34.6M
+3.7% year over year
Last 12 mo 36.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What DULUTH HOLDINGS INC. does

In the company’s own words

Duluth Holdings Inc. (NASDAQ: DLTH) operates as a lifestyle brand specializing in men's and women's workwear, casual wear, outdoor apparel, and accessories sold primarily through an omnichannel platform at www.duluthtrading.com. The company was founded in 1989 when two brothers in the home construction industry invented the Bucket Boss, a durable canvas tool organizer, which evolved into the Duluth Trading catalog business. In 2000, GEMPLER'S Inc., an agricultural and horticultural supply company, acquired Duluth Trading, and following the 2003 sale of the GEMPLER'S catalog to W.W. Grainger, the parent company changed its name to Duluth Holdings Inc.

The company operates through a fully integrated omnichannel strategy encompassing retail stores, e-commerce, direct mail, and customer contact centers. As of February 1, 2026, Duluth Holdings operated 63 retail stores and three outlet stores across the United States. The company employs 746 full-time and 1,311 part-time and flexible part-time employees, with 1,101 employed at retail locations.

Duluth's product portfolio features proprietary designs and distinctive trademarks including Longtail T, Buck Naked underwear, Fire Hose work pants, DuluthFlex fabric technology, and No-Yank Tank. The company emphasizes solution-based design incorporating technical materials, sophisticated manufacturing methods, and innovative features such as underarm panels for mobility and triple-stitched seams for durability.

The company does not operate manufacturing facilities but instead sources products from third-party vendors globally, with concentrations in Vietnam, Indonesia, Pakistan, Bangladesh, Cambodia, and India. Approximately 57 percent of purchases are sourced directly from factories while 43 percent flow through agents. Duluth operates fulfillment centers in Belleville, Wisconsin; Salt Lake City, Utah; and Adairsville, Georgia, with plans to close the Salt Lake City facility in the first quarter of 2026.

The brand is nationally recognized for distinctive marketing combining humor with authentic product demonstrations. Duluth's marketing strategy employs a digitally-led, omnichannel approach utilizing performance digital and search, video and audio, social and influencer media, and direct mail to drive brand awareness and customer acquisition.

Company details
Sector
Consumer Discretionary
Industry
Retail
Headquarters
MOUNT HOREB, WI
Fiscal year end
February
CIK
1649744
SIC
5600

Financial performance, year by year

Fiscal 2016–2026 · USD
$-117.83M$104.83M$327.49M$550.14M$772.80M20162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns DULUTH HOLDINGS INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

38
funds hold it
0 of 35
superinvestors hold it
$6.34M
held by funds, at market
4.6%
of shares held by funds

Largest fund holders · DULUTH HOLDINGS INC.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Dimensional U.S. Small Cap ETF
DFAS · Dimensional ETF Trust
0.00%of fund net assets
U.S. SMALL CAP PORTFOLIO
DFSTX · DFA INVESTMENT DIMENSIONS GROUP INC
0.00%of fund net assets
Ultra-Small Company Fund
BRUSX · Bridgeway Funds, Inc.
0.33%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do DULUTH HOLDINGS INC. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of DULUTH HOLDINGS INC.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in DULUTH HOLDINGS INC.'s last four quarterly filings that the numbers alone won't show?”
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