Form 8-K

8-K — DULUTH HOLDINGS INC.

Accession: 0001193125-26-381026

Filed: 2026-09-03

Period: 2026-09-03

CIK: 0001649744

SIC: 5600 (RETAIL-APPAREL & ACCESSORY STORES)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — dlth-20260903.htm (Primary)

EX-99.1 (dlth-ex99_1.htm)

EX-99.2 (dlth-ex99_2.htm)

GRAPHIC (img22894313_0.jpg)

GRAPHIC (img22894313_1.jpg)

GRAPHIC (dlth-ex99_2s1.jpg)

GRAPHIC (dlth-ex99_2s2.jpg)

GRAPHIC (dlth-ex99_2s3.jpg)

GRAPHIC (dlth-ex99_2s4.jpg)

GRAPHIC (dlth-ex99_2s5.jpg)

GRAPHIC (dlth-ex99_2s6.jpg)

GRAPHIC (dlth-ex99_2s7.jpg)

GRAPHIC (dlth-ex99_2s8.jpg)

GRAPHIC (dlth-ex99_2s9.jpg)

GRAPHIC (dlth-ex99_2s10.jpg)

GRAPHIC (dlth-ex99_2s11.jpg)

GRAPHIC (dlth-ex99_2s12.jpg)

GRAPHIC (dlth-ex99_2s13.jpg)

GRAPHIC (dlth-ex99_2s14.jpg)

GRAPHIC (dlth-ex99_2s15.jpg)

GRAPHIC (dlth-ex99_2s16.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: dlth-20260903.htm · Sequence: 1

8-K

0001649744false00016497442026-09-032026-09-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 03, 2026

Duluth Holdings Inc.

(Exact name of Registrant as Specified in Its Charter)

Wisconsin

001-37641

39-1564801

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

201 East Front Street

Mount Horeb, Wisconsin

53572

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: 608 424-1544

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class B Common Stock, No Par Value

DLTH

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Conditions.

On September 3, 2026, Duluth Holdings Inc. (the “Company” or “Duluth Trading”) issued a press release (the “Earnings Press Release”) discussing, among other things, its financial results for its fiscal second quarter ended August 2, 2026. A copy of the Earnings Press Release is furnished as Exhibit 99.1 to this report.

Item 7.01. Regulation FD Disclosure.

On September 3, 2026, the Company issued an Investor Presentation. A copy of the Investor Presentation is attached as Exhibit 99.2 and is incorporated by reference herein.

The information reported in Items 2.02 and 7.01 of this Form 8-K, including Exhibits 99.1 and 99.2, is not deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. Further, the information reported in Items 2.02 and 7.01 of this Form 8-K, including the Exhibits 99.1 and 99.2, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filings.

Forward Looking Information

Certain matters discussed in this Current Report on Form 8-K and other oral and written statements by representatives of the Company including, but not limited to, the Company’s ability to meet its fiscal 2026 expectations (including its ability to achieve its projected net sales and adjusted EBITDA) and its ability to execute on its growth strategies and its long-term growth targets, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the use of words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “believe,” “estimate,” “project,” “target,” “predict,” “intend,” “future,” “budget,” “goals,” “potential,” “continue,” “design,” “objective,” “forecasted,” “would,” and other similar expressions. The forward-looking statements are not historical facts, and are based upon Duluth Trading’s current expectations, beliefs, estimates, and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond Duluth Trading’s control. Duluth Trading’s expectations, beliefs and projections are expressed in good faith, and Duluth Trading believes there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, estimates, and projections will be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including, among others, the risks, uncertainties, and factors set forth under Part 1, Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 20, 2026 and other factors as may be periodically described in Duluth Trading’s subsequent filings with the SEC. These risks and uncertainties include, but are not limited to, the following: the impact of inflation and measures to control inflation on our results of operations; the prolonged effects of economic uncertainties on store and website traffic; the susceptibility of the price and availability of our merchandise to international trade conditions including tariffs; changes in U.S. and non-U.S. laws affecting the importation and taxation of goods, including imposition of unilateral tariffs on imported goods; our ability to secure the personal and/or financial information of our customers and employees; disruptions to our distribution network, supply chains and operations; failure to effectively manage inventory levels; our ability to maintain and enhance a strong brand and sub-brand image; adapting to declines in consumer confidence, inflation and decreases in consumer spending; disruptions to our e-commerce platform; our ability to meet customer delivery time expectations; our ability to properly allocate inventory throughout our distribution network to fulfill customer demand; our failure to meet our debt covenant ratios; natural disasters, unusually adverse weather conditions, boycotts, prolonged public health crises, epidemics or pandemics and unanticipated events; generating adequate cash from our existing stores and direct sales to support our growth; the impact of changes in corporate tax regulations and sales tax; identifying and responding to new and changing customer preferences; the success of the locations in which our stores are located; effectively relying on sources for merchandise located in foreign markets; transportation delays and interruptions, including port congestion; our inability to timely and effectively obtain shipments of products from our suppliers and deliver merchandise to our customers; the inability to maintain the performance of our maturing store portfolio; our inability to deploy marketing tactics and commit adequate resources to support marketing in order to retain and attract new customers; our ability to successfully open new stores; effectively adapting to new challenges associated with our expansion into new geographic markets; competing effectively in an environment of intense competition or elevated promotions; our ability to adapt to significant changes in sales due to the seasonality of our business; price reductions or inventory shortages resulting from failure to purchase the appropriate amount of inventory in advance of the season in which it will be sold; the potential for further increases in price and lack of availability of raw materials; our dependence on third-party vendors to provide us with sufficient quantities of merchandise at acceptable prices; failure of our vendors and their manufacturing sources to use acceptable labor or other practices; our dependence upon key executive management or our inability to hire or retain the talent required for our business; increases in costs of fuel or other energy, transportation or utility costs and in the costs of labor and employment; failure of our information technology systems to support our current and growing business, before and

after our planned upgrades; disruptions in our supply chain and fulfillment centers; our inability to protect our trademarks or other intellectual property rights; infringement on the intellectual property of third parties; acts of war, terrorism or civil unrest; the impact of governmental laws and regulations and the outcomes of legal proceedings; failure to comply with data privacy regulation; our ability to comply with the security standards for the credit card industry; our failure to maintain adequate internal controls over our financial and management systems; acquisition, disposition, and development risks; and other factors that may be disclosed in our SEC filings or otherwise. Forward-looking statements speak only as of the date the statements are made. Duluth Trading assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances or other changes affecting forward-looking information except to the extent required by applicable securities laws.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are being furnished with this Current Report on Form 8-K.

Exhibit No.

Exhibit Description

99.1

Earnings Press Release, dated September 3, 2026

99.2

Investor Presentation, dated September 3, 2026

104

Cover Page interactive data (embedded with the inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DULUTH HOLDINGS INC.

Date:

September 3, 2026

By:

/s/ Heena Agrawal

Name:

Heena Agrawal

Title:

Senior Vice President and Chief Financial Officer

EX-99.1

Filename: dlth-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Duluth Holdings Inc. Announces Second Quarter 2026 Financial Results

Net Income improvement over prior year driven by gross margin expansion

Continued improvement in working capital driven by a 15.5% reduction in inventory

Strong balance sheet with approximately $96 million of net liquidity and zero debt on the Asset Based Lending facility

MOUNT HOREB, WI – September 3, 2026 – Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal Second Quarter ended August 2, 2026.

Summary of the Second Quarter ended August 2, 2026

●

Net income of $18.4 million compared to net income of $1.3 million in the prior year second quarter. This includes the impact of $16.3 million in tariff refunds.

●

Reported and adjusted EPS1 of $0.50. This includes a $0.44 impact from tariff refunds.

●

Adjusted EBITDA2 of $27.0 million compared to $12.0 million in the prior year second quarter. This includes the impact of $16.3 million in tariff refunds.

●

Inventory down $22.9 million or 15.5% vs. last year.

●

Cash and cash equivalents of $26.8 million with net liquidity of $96.1 million.

1See Reconciliation of net income to adjusted net income and EPS to adjusted EPS in the accompanying financial tables.

2See Reconciliation of net income to EBITDA and EBITDA to Adjusted EBITDA in the accompanying financial tables.

Management Commentary

President and CEO Stephanie Pugliese stated, “Our second quarter performance demonstrates strong execution of our operational priorities, inventory discipline, and successful promotional reset. By combining gross margin expansion with effective inventory management, we have delivered another quarter of improved profitability and free cash flow. Our core products continue to lead the way with customers responding favorably to our high-quality, solution-based workwear.”

Pugliese added, “As we enter the second half of the year, we are excited about our enhanced product offering including our new Hellbent work pants, No Quit utility shirts, and Heirloom prints. We remain focused in advancing our ‘Build to Last’ strategy, maximizing channel productivity, and consistently delivering an exceptional customer experience.”

Operating Results for the Second Quarter ended August 2, 2026

Net sales decreased by $10.3 million, or 7.8%, to $121.4 million for the three months ended August 2, 2026 compared to $131.7 million in the three months ended August 3, 2025. Direct-to-consumer net sales decreased by 11.5% to $70.1 million due to declines in web traffic and web conversion as a result of reduced promotional activity partially offset by higher average order values. Retail store net sales decreased by 2.4% to $51.3

million driven by lower traffic, partially offset by higher average order values in comparable stores, coupled with two new stores opened in the third quarter of 2025.

Gross margin expanded by 1,810 basis points to 72.8% of net sales in the three months ended August 2, 2026, compared to 54.7% of net sales in the three months ended August 3, 2025. We recorded a reduction to cost of goods sold of $16.0 million related to refunds of previously incurred tariff charges. Excluding the impact of tariff refunds, gross margin was 59.6% in the three months ended August 2, 2026, an expansion of 490 basis points compared to the prior year. This increase in gross margin rate was primarily driven by an increase in average unit retail prices from reduced promotional activity, coupled with an improvement in product costs from our direct to factory sourcing initiative.

Selling, general and administrative expenses increased $0.7 million, or 1.1%, to $69.5 million in the three months ended August 2, 2026 compared to $68.8 million in the three months ended August 3, 2025. Selling, general and administrative expenses as a percentage of net sales increased by 510 basis points to 57.3% in the three months ended August 2, 2026, compared to 52.2% in the three months ended August 3, 2025. The increase in selling, general and administrative expenses as a percentage of net sales was mainly driven by an increase in advertising and shipping expenses, which was partially offset by leverage in variable expenses in our fulfillment centers and stores coupled with lower overhead expenses.

Balance Sheet and Liquidity

The Company ended the quarter with $26.8 million of cash and cash equivalents, $85.7 million of net working capital, and zero outstanding debt on the $70.0 million Asset Based Lending facility resulting in approximately $96 million of net liquidity.

Fiscal 2026 Outlook

For Fiscal 2026, the Company is:

●

Affirming previously issued fiscal 2026 net sales guidance range of $540 million to $560 million

●

Raising previously issued fiscal 2026 Adjusted EBITDA1 guidance to $38 million to $42 million compared to the previous guidance of $28 million to $32 million, including the impact of tariff refunds

●

Affirming capital expenditures, inclusive of software hosting implementation costs, of approximately $12 million

1See Reconciliation of Forecasted Net Income to Forecasted EBITDA and Forecasted EBITDA to Forecasted Adjusted EBITDA in the accompanying financial tables.

Conference Call Information

A conference call and audio webcast with analysts and investors will be held on Thursday, September 3, 2026, at 9:30 am Eastern Time to discuss the results and answer questions.

Links to access earnings information:

●

Live Webcast: https://edge.media-server.com/mmc/p/ikonm7ds/

●

Live Call: https://register-conf.media-server.com/register/BI318a2d17c9bf472ab0e924ba22a6be55

●

Webcast Archive: https://ir.duluthtrading.com/news-and-events/event-calendar

About Duluth Trading

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.

Non-GAAP Measurements

Management believes that non-GAAP financial measures may be useful in certain instances to provide additional meaningful comparisons between current results and results in prior operating periods. Within this release, including the tables attached hereto, reference is made to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted Net Income (Loss), Adjusted EPS, and Forecasted Adjusted EBITDA. See attached table “Reconciliation of Net Income (Loss) to EBITDA and EBITDA to Adjusted EBITDA,” for a reconciliation of net income (loss) to EBITDA and EBITDA to Adjusted EBITDA and “Reconciliation of

Net Income (Loss) to Adjusted Net Income (Loss) and EPS to Adjusted EPS” for a reconciliation of net income (loss) to adjusted net income (loss) and EPS to adjusted EPS for the three and six months ended August 2, 2026 and August 3, 2025. Also see attached table “Reconciliation of Forecasted Net Income (Loss) to Forecasted EBITDA and Forecasted EBITDA to Forecasted Adjusted EBITDA” for a reconciliation of forecasted Adjusted EBITDA for Fiscal 2026.

Adjusted EBITDA is a metric used by management and frequently used by the financial community, which provides insight into an organization’s operating trends and facilitates comparisons between peer companies, since interest, taxes, depreciation and amortization can differ greatly between organizations as a result of differing capital structures and tax strategies. Adjusted EBITDA excludes certain other items, which include significant non-cash items, and other charges or benefits resulting from transactions or events that are highly variable, significant in size, and that we do not believe are indicative of ongoing or future business operations.

Adjusted Net Income (Loss) and Adjusted EPS are metrics used by management and frequently used by the financial community, which provides insight into the effectiveness of our business strategies and to compare our performance against that of peer companies. Adjusted Net Income (Loss) and Adjusted EPS exclude restructuring expenses and impairment expenses that are not comparable from period to period.

The Company provides this information to investors to assist in comparisons of past, present and future operating results and to assist in highlighting the results of on-going operations. While the Company’s management believes that non-GAAP measurements are useful supplemental information, such adjusted results are not intended to replace the Company’s GAAP financial results and should be read in conjunction with those GAAP results.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this press release, including statements concerning Duluth Trading’s plans, objectives, goals, beliefs, business strategies, future events, business conditions, its results of operations, financial position and its business outlook, business trends and certain other information herein, including statements under the heading “Fiscal 2026 Outlook” are forward-looking statements. You can identify forward-looking statements by the use of words such as “may,” ”might,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “believe,” “estimate,” “project,” “target,” “predict,” “intend,” “future,” “budget,” “goals,” “potential,” “continue,” “design,” “objective,” “forecasted,” “would” and other similar expressions. The forward-looking statements are not historical facts, and are based upon Duluth Trading’s current expectations, beliefs, estimates, and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond Duluth Trading’s control. Duluth Trading’s expectations, beliefs and projections are expressed in good faith, and Duluth Trading believes there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, estimates, and projections will be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including, among others, the risks, uncertainties, and factors set forth under Part 1, Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 20, 2026 and other factors as may be periodically described in Duluth Trading’s subsequent filings with the SEC. These risks and uncertainties include, but are not limited to, the following: the impact of inflation and measures to control inflation on our results of operations; the prolonged effects of economic uncertainties on store and website traffic; the susceptibility of the price and availability of our merchandise to international trade conditions including tariffs; changes in U.S. and non-U.S. laws affecting the importation and taxation of goods, including imposition of unilateral tariffs on imported goods; our ability to secure the personal and/or financial information of our customers and employees; disruptions to our distribution network, supply chains and operations; failure to effectively manage inventory levels; our ability to maintain and enhance a strong brand and sub-brand image; adapting to declines in consumer confidence, inflation and decreases in consumer spending; disruptions to our e-commerce platform; our ability to meet customer delivery time expectations; our ability to properly allocate inventory throughout our distribution network to fulfill customer demand; our failure to meet our debt covenant ratios; natural disasters, unusually adverse weather conditions, boycotts, prolonged public health crises, epidemics or pandemics and unanticipated events; generating adequate cash from our existing stores and direct sales to support our growth; the impact of changes in corporate tax regulations and sales tax; identifying and responding to new and changing customer preferences; the success of the locations in which our stores are located; effectively relying on sources for merchandise located in foreign markets; transportation delays and interruptions, including port congestion; our inability to timely and effectively obtain shipments of products from our suppliers and deliver merchandise to our customers; the inability to maintain the performance of our maturing store portfolio; our inability to deploy marketing tactics and commit adequate resources to support marketing in order to retain and attract new customers; our ability to successfully open new stores; effectively adapting to new challenges associated with our expansion into new geographic markets; competing effectively in an environment of intense competition or elevated promotions; our ability to adapt to significant changes in sales due to the seasonality of our business; price reductions or inventory shortages resulting from failure to purchase the appropriate amount of inventory in advance of the season in which it will be sold; the potential for further increases in price and lack of availability of raw materials; our dependence on third-party vendors to provide us with sufficient quantities of merchandise at acceptable prices; failure of our vendors and their manufacturing sources to use acceptable labor or other practices; our dependence upon key executive management or our inability to hire or retain the talent required for our business; increases in costs of fuel or other energy, transportation or utility costs and in the costs of labor and employment; failure of our information technology

systems to support our current and growing business, before and after our planned upgrades; disruptions in our supply chain and fulfillment centers; our inability to protect our trademarks or other intellectual property rights; infringement on the intellectual property of third parties; acts of war, terrorism or civil unrest; the impact of governmental laws and regulations and the outcomes of legal proceedings; failure to comply with data privacy regulation; our ability to comply with the security standards for the credit card industry; our failure to maintain adequate internal controls over our financial and management systems; acquisition, disposition, and development risks; and other factors that may be disclosed in our SEC filings or otherwise. Forward-looking statements speak only as of the date the statements are made. Duluth Trading assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances or other changes affecting forward-looking information except to the extent required by applicable securities laws.

Investor Contacts:

Heena Agrawal

Senior Vice President and Chief Financial Officer

Chris Steffes

Senior Director of Financial Planning and Analysis

Email: IR@duluthtrading.com

(Tables Follow)

***

DULUTH HOLDINGS INC.

Condensed Consolidated Balance Sheets

(Unaudited)

(Amounts in thousands)

August 2, 2026

February 1, 2026

August 3, 2025

ASSETS

Current assets:

Cash and cash equivalents

26,799

16,345

5,738

Receivables

2,127

2,710

8,894

Inventory, net

125,152

131,342

148,051

Prepaid expenses & other current assets

28,863

21,654

23,249

Total current assets

182,941

172,051

185,932

Property and equipment, net

87,755

96,913

103,224

Operating lease right-of-use assets

82,762

89,283

97,361

Finance lease right-of-use assets, net

27,889

29,577

31,267

Available-for-sale security

4,534

4,763

4,834

Other assets, net

8,165

10,022

11,182

Total assets

394,046

402,609

433,800

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Trade accounts payable

47,322

48,226

43,598

Accrued expenses and other current liabilities

29,481

39,871

33,257

Current portion of operating lease liabilities

16,656

16,449

16,147

Current portion of finance lease liabilities

2,742

2,681

2,616

Line of credit

—

32,457

Current maturities of TRI long-term debt (1)

1,066

1,020

975

Total current liabilities

97,267

108,247

129,050

Operating lease liabilities, less current maturities

71,247

76,008

83,638

Finance lease liabilities, less current maturities

26,554

27,940

29,295

TRI long-term debt, less current maturities (1)

22,829

23,337

23,821

Deferred tax liabilities

962

938

Total liabilities

218,859

236,494

266,742

Shareholders' equity:

Treasury stock

(3,783

)

(2,922

)

(2,922

)

Capital stock

112,473

110,794

109,499

Retained earnings

69,593

61,332

63,689

Accumulated other comprehensive loss, net

(342

)

(231

)

(272

)

Total shareholders' equity of Duluth Holdings Inc.

177,941

168,973

169,994

Noncontrolling interest

(2,754

)

(2,858

)

(2,936

)

Total shareholders' equity

175,187

166,115

167,058

Total liabilities and shareholders' equity

394,046

402,609

433,800

(1) Represents debt of the variable interest entity, TRI Holdings, LLC, that is consolidated in accordance with ASC 810, Consolidation. Duluth Holdings Inc. is not the guarantor nor the obligor of this debt.

DULUTH HOLDINGS INC.

Consolidated Statements of Operations

(Unaudited)

(Amounts in thousands, except per share figures)

Three Months Ended

Six Months Ended

August 2, 2026

August 3, 2025

August 2, 2026

August 3, 2025

Net sales

121,389

131,716

219,983

234,420

Cost of goods sold (excluding depreciation and amortization)

33,028

59,697

74,988

109,046

Gross profit

88,361

72,019

144,995

125,374

Selling, general and administrative expenses

69,515

68,767

131,317

133,925

Impairment of long-lived assets

—

2,709

549

Restructuring expense

—

850

1,354

850

Operating income (loss)

18,846

2,402

9,615

(9,950

)

Interest expense

768

1,469

1,558

2,950

Other income (loss), net

396

(82

)

489

(243

)

Income (loss) before income taxes

18,474

851

8,546

(13,143

)

Income tax expense (benefit)

(442

)

181

828

Net income (loss)

18,413

1,293

8,365

(13,971

)

Less: Net income attributable to noncontrolling interest

104

Net income (loss) attributable to controlling interest

18,362

1,261

8,261

(14,032

)

Basic earnings per share (Class A and Class B):

Weighted average shares of common stock outstanding

35,272

34,448

34,997

34,081

Net income (loss) per share attributable to controlling

interest

0.52

0.04

0.24

(0.41

)

Diluted earnings per share (Class A and Class B):

Weighted average shares and equivalents outstanding

36,381

34,656

36,407

34,081

Net income (loss) per share attributable to controlling

interest

0.50

0.04

0.23

(0.41

)

DULUTH HOLDINGS INC.

Consolidated Statements of Cash Flows

(Unaudited)

(Amounts in thousands)

Six Months Ended

August 2, 2026

August 3, 2025

Cash flows from operating activities:

Net income (loss)

8,365

(13,971

)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Depreciation and amortization

11,422

13,294

Stock based compensation

1,622

1,348

Impairment of long-lived assets

2,709

549

Deferred income taxes

—

938

Loss on disposal of property and equipment

1,406

905

Non-cash lease expense

8,053

7,992

Changes in operating assets and liabilities:

Receivables

583

(4,924

)

Inventory

6,190

18,494

Prepaid expense & other current assets

(5,835

)

(3,281

)

Software hosting implementation costs, net

239

(4,652

)

Trade accounts payable

(921

)

(30,731

)

Accrued expenses and other current liabilities

(9,497

)

(2,560

)

Operating lease liabilities

(8,101

)

(7,660

)

Other assets

(780

)

(177

)

Net cash provided by (used in) operating activities

15,455

(24,436

)

Cash flows from investing activities:

Purchases of property and equipment

(2,495

)

(3,572

)

Principal receipts from available-for-sale security

118

107

Net cash used in investing activities

(2,377

)

(3,465

)

Cash flows from financing activities:

Proceeds from line of credit

18,699

76,247

Payments on line of credit

(18,699

)

(43,790

)

Payments on TRI long-term debt

(495

)

(454

)

Payments on finance lease obligations

(1,325

)

(1,251

)

Payments of tax withholding on vested restricted shares

(861

)

(590

)

Other

142

Net cash provided by (used in) financing activities

(2,624

)

30,304

Increase in cash and cash equivalents

10,454

2,403

Cash and cash equivalents at beginning of period

16,345

3,335

Cash and cash equivalents at end of period

26,799

5,738

Supplemental disclosure of cash flow information:

Interest paid

1,558

2,950

Income taxes paid

—

Supplemental disclosure of non-cash information:

Unpaid liability to acquire property and equipment

188

1,801

DULUTH HOLDINGS INC.

Reconciliation of Net Income (Loss) to EBITDA and EBITDA to Adjusted EBITDA

(Unaudited)

Three Months Ended

Six Months Ended

August 2, 2026

August 3, 2025

August 2, 2026

August 3, 2025

(in thousands)

Net income (loss)

18,413

1,293

8,365

(13,971

)

Depreciation and amortization

5,644

6,545

11,422

13,294

Amortization of internal-use software hosting

subscription implementation costs

1,088

1,111

2,196

2,240

Interest expense

768

1,469

1,558

2,950

Income tax expense (benefit)

(442

)

181

828

EBITDA

25,974

9,976

23,722

5,341

Long-term incentive expense

1,046

1,173

1,870

1,466

Impairment expense

—

2,709

549

Restructuring expense

—

850

1,354

850

Adjusted EBITDA

27,020

11,999

29,655

8,206

DULUTH HOLDINGS INC.

Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) and EPS to Adjusted EPS

(Unaudited)

Three Months Ended

Six Months Ended

August 2, 2026

August 3, 2025

August 2, 2026

August 3, 2025

(in thousands, except per share amounts)

Amount

Per share

Amount

Per share

Amount

Per share

Amount

Per share

Net income (loss) attributable to controlling interest

18,362

0.50

1,261

0.04

8,261

0.23

(14,032

)

(0.41

)

Plus: Restructuring expenses

850

0.03

1,354

0.04

850

0.02

Plus: Impairment expenses

2,709

0.07

549

0.02

Income tax effect of adjustments (1)

(196

)

(0.01

)

(934

)

(0.03

)

(322

)

(0.01

)

Adjusted net income (loss) attributable to controlling interest

18,362

0.50

1,915

0.06

11,390

0.31

(12,955

)

(0.38

)

(1) The income tax effects of adjustments are calculated using the Company’s estimated 23% tax rate

DULUTH HOLDINGS INC.

Reconciliation of Forecasted Net Income (Loss) to Forecasted EBITDA and Forecasted EBITDA to Forecasted Adjusted EBITDA

(Unaudited)

Forecasted

Low

High

Net income (loss)

(2,950

)

1,350

Depreciation and amortization

24,200

Amortization of internal-use software hosting subscription implementation costs

4,500

Interest expense

3,800

3,500

Income tax expense

487

EBITDA

30,037

34,037

Long-term incentive expense

3,900

Impairment expense

2,709

Restructuring expense

1,354

Adjusted EBITDA

38,000

42,000

EX-99.2

Filename: dlth-ex99_2.htm · Sequence: 3

Investor Presentation Second Quarter 2026 September 3, 2026

DISCLAIMER FORWARD-LOOKING STATEMENTS This investor presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts included in this investor presentation, including statements concerning Duluth Trading’s plans, objectives, goals, beliefs, business strategies, future events, business conditions, its results of operations, financial position and its business outlook, business trends and certain other information herein, including statements under the heading “Fiscal 2026 Outlook” are forward-looking statements. You can identify forward-looking statements by the use of words such as “may,” ”might,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “believe,” “estimate,” “project,” “target,” “predict,” “intend,” “future,” “budget,” “goals,” “potential,” “continue,” “design,” “objective,” “forecasted,” “would” and other similar expressions. The forward-looking statements are not historical facts, and are based upon Duluth Trading’s current expectations, beliefs, estimates, and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond Duluth Trading’s control. Duluth Trading’s expectations, beliefs and projections are expressed in good faith, and Duluth Trading believes there is a reasonable basis for them. However, there can be no assurance that management’s expectations, beliefs, estimates, and projections will be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements, including, among others, the risks, uncertainties, and factors set forth under Part 1, Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 20, 2026 and other factors as may be periodically described in Duluth Trading’s subsequent filings with the SEC. These risks and uncertainties include, but are not limited to, the following: the impact of inflation and measures to control inflation on our results of operations; the prolonged effects of economic uncertainties on store and website traffic; the susceptibility of the price and availability of our merchandise to international trade conditions including tariffs; changes in U.S. and non-U.S. laws affecting the importation and taxation of goods, including imposition of unilateral tariffs on imported goods; our ability to secure the personal and/or financial information of our customers and employees; disruptions to our distribution network, supply chains and operations; failure to effectively manage inventory levels; our ability to maintain and enhance a strong brand and sub-brand image; adapting to declines in consumer confidence, inflation and decreases in consumer spending; disruptions to our e-commerce platform; our ability to meet customer delivery time expectations; our ability to properly allocate inventory throughout our distribution network to fulfill customer demand; our failure to meet our debt covenant ratios; natural disasters, unusually adverse weather conditions, boycotts, prolonged public health crises, epidemics or pandemics and unanticipated events; generating adequate cash from our existing stores and direct sales to support our growth; the impact of changes in corporate tax regulations and sales tax; identifying and responding to new and changing customer preferences; the success of the locations in which our stores are located; effectively relying on sources for merchandise located in foreign markets; transportation delays and interruptions, including port congestion; our inability to timely and effectively obtain shipments of products from our suppliers and deliver merchandise to our customers; the inability to maintain the performance of our maturing store portfolio; our inability to deploy marketing tactics and commit adequate resources to support marketing in order to retain and attract new customers; our ability to successfully open new stores; effectively adapting to new challenges associated with our expansion into new geographic markets; competing effectively in an environment of intense competition or elevated promotions; our ability to adapt to significant changes in sales due to the seasonality of our business; price reductions or inventory shortages resulting from failure to purchase the appropriate amount of inventory in advance of the season in which it will be sold; the potential for further increases in price and lack of availability of raw materials; our dependence on third-party vendors to provide us with sufficient quantities of merchandise at acceptable prices; failure of our vendors and their manufacturing sources to use acceptable labor or other practices; our dependence upon key executive management or our inability to hire or retain the talent required for our business; increases in costs of fuel or other energy, transportation or utility costs and in the costs of labor and employment; failure of our information technology systems to support our current and growing business, before and after our planned upgrades; disruptions in our supply chain and fulfillment centers; our inability to protect our trademarks or other intellectual property rights; infringement on the intellectual property of third parties; acts of war, terrorism or civil unrest; the impact of governmental laws and regulations and the outcomes of legal proceedings; failure to comply with data privacy regulation; our ability to comply with the security standards for the credit card industry; our failure to maintain adequate internal controls over our financial and management systems; acquisition, disposition, and development risks; and other factors that may be disclosed in our SEC filings or otherwise. Forward-looking statements speak only as of the date the statements are made. Duluth Trading assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances or other changes affecting forward-looking information except to the extent required by applicable securities laws. 02

DISCLAIMER NON-GAAP MEASUREMENTS Management believes that non-GAAP financial measures may be useful in certain instances to provide additional meaningful comparisons between current results and results in prior operating periods. Within this presentation, including the tables attached hereto, reference is made to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted Net Income (Loss), Adjusted EPS, and Forecasted Adjusted EBITDA. See attached table “Reconciliation of Net Income (Loss) to EBITDA and EBITDA to Adjusted EBITDA,” for a reconciliation of net income (loss) to EBITDA and EBITDA to Adjusted EBITDA and “Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) and EPS to Adjusted EPS” for a reconciliation of net income (loss) to adjusted net income (loss) and EPS to adjusted EPS for the three and six months ended August 2, 2026 and August 3, 2025. Also see attached table “Reconciliation of Forecasted Net Income (Loss) to Forecasted EBITDA and Forecasted EBITDA to Forecasted Adjusted EBITDA” for a reconciliation of forecasted Adjusted EBITDA for Fiscal 2026. Adjusted EBITDA is a metric used by management and frequently used by the financial community, which provides insight into an organization’s operating trends and facilitates comparisons between peer companies, since interest, taxes, depreciation and amortization can differ greatly between organizations as a result of differing capital structures and tax strategies. Adjusted EBITDA excludes certain items that are unusual in nature or not comparable from period to period. Adjusted Net Income (Loss) and Adjusted EPS are metrics used by management and frequently used by the financial community, which provides insight into the effectiveness of our business strategies and to compare our performance against that of peer companies. Adjusted Net Income (Loss) and Adjusted EPS exclude restructuring expenses and impairment expenses that are not comparable from period to period. The Company provides this information to investors to assist in comparisons of past, present and future operating results and to assist in highlighting the results of on-going operations. While the Company’s management believes that non-GAAP measurements are useful supplemental information, such adjusted results are not intended to replace the Company’s GAAP financial results and should be read in conjunction with those GAAP results. 03

INTRODUCTION TO DULUTH TRADING COMPANY 04

INTRODUCTION TO DULUTH TRADING COMPANY WHO WE ARE The Official Outfitter of Doers. We exist to champion the hands-on way of life. We build high-quality gear for hands-on folks who measure value by how long something lasts — not how much it costs. We are a No Bull Brand. We do what we say and make it right if we miss the mark. We poke average in the eye by finding a better way to create solution-based products for our customers. 05 66 STORES ACROSS32 STATES

01 PRODUCT IS OUR PASSION. 02 THE CUSTOMER IS OUR COMPASS. 03 PEOPLE SET US APART. 04 ONWARD. ALWAYS. 05 WE POKE AVERAGE IN THE EYE. 06 OUR FIVE WELDS INTRODUCTION TO DULUTH TRADING COMPANY

BUILD TO LAST STRATEGIC FRAMEWORK 2025 SEAL the FOUNDATION FREE CASH FLOW POSITIVE Promotional reset to restore price integrity Inventory and assortment right-sizing Balanced, full-funnel marketing approach Logistics and store fleet optimization Cost and cash discipline New management team in place 2028 + RAISE the ROOF GROW PROFITABLY Loyalty at scale Women’s expansion Selective store growth Additional distribution channels Growth layers added as unit economics proven 07 2026 — 2027 FRAME the STRUCTURE STABILIZE TOP LINE Core-first product strategy Energize core customer, loyalty program pilot Build brand awareness for new customer acquisition Test new distribution Operational excellence FRAME the STRUCTURE STABILIZE TOP LINE 2026 - 2027 INTRODUCTION TO DULUTH TRADING COMPANY

Q2 FINANCIAL REVIEW FISCAL 2026 08

EARNINGS PER SHARE 1 Reported and adjusted EPS of $0.50. This includes a $0.44 impact from tariff refunds. FISCAL 2026 SECOND QUARTERSUMMARY 09 NET INCOME Net income of $18.4 million compared to net income of $1.3 million in the prior year second quarter. This includes the impact of $16.3 million in tariff refunds. INVENTORY Inventory down $22.9 million or 15.5% vs. last year. NET LIQUIDITY Cash and cash equivalents of $26.8 million with net liquidity of $96.1 million. ADJUSTED EBITDA 2 Adjusted EBITDA of $27.0 million compared to $12.0 million in the prior year second quarter. This includes the impact of $16.3 million in tariff refunds. QUARTER ENDED AUGUST 2, 2026 1 See Reconciliation of net income / (loss) to adjusted net income / (loss) and adjusted net income / (loss) to adjusted EPS on slide 15 2 See Reconciliation of net income / (loss) to EBITDA and EBITDA to Adjusted EBITDA on slide 15

NET SALES THREE MONTHS ENDED 10 ADJUSTED EBITDA 1,2,3 1 Adjusted to reflect the add-back of long-term incentive, restructuring, and impairment expenses 2 See Reconciliation of net income / (loss) to EBITDA and EBITDA to Adjusted EBITDA on slide 15 3 2026 Adjusted EBITDA includes $16.3 million of tariff refunds ADJUSTED NET INCOME / (LOSS) 4,5,6 4 Excludes net income / (loss) attributable to noncontrolling interest. 5 See Reconciliation of net income / (loss) to adjusted net income / (loss) on slide 15 6 2026 Adjusted EBITDA includes $16.3 million of tariff refunds QUARTER ENDED AUGUST 2, 2026 ($ IN MILLIONS) ($ IN MILLIONS) ($ IN MILLIONS) 9.1% Margin 22.3% 1.5% Margin 15.1%

NET SALES SIX MONTHS ENDED 11 ADJUSTED EBITDA 1,2,3 ADJUSTED NET INCOME / (LOSS) 4,5,6 QUARTER ENDED AUGUST 2, 2026 ($ IN MILLIONS) ($ IN MILLIONS) ($ IN MILLIONS) 3.5% Margin 13.5% (5.5%) Margin 5.2% 1 Adjusted to reflect the add-back of long-term incentive, restructuring, and impairment expenses 2 See Reconciliation of net income / (loss) to EBITDA and EBITDA to Adjusted EBITDA on slide 16 3 2026 Adjusted EBITDA includes $16.3 million of tariff refunds 4 Excludes net income / (loss) attributable to noncontrolling interest. 5 See Reconciliation of net income / (loss) to adjusted net income / (loss) on slide 16 6 2026 Adjusted EBITDA includes $16.3 million of tariff refunds

12 QUARTER ENDED AUGUST 2, 2026 BALANCE SHEET, LIQUIDITY AND FREE CASH FLOW Debt to Capital 1,2 ($ in millions) As of August 2, 2026 Cash and Cash Equivalents $26.8 Debt: Line of Credit $0.0 Term Loan $0.0 Total Debt $0.0 Total Shareholders’ Equity $175.2 Total Capitalization $202.0 Debt to Capital Ratio $0.0% Free Cash Flow 3 1 Debt balances do not include TRI Holdings, LLC, a variable interest entity that is consolidated for reporting purposes 2 The Asset Based Lending Agreement extends to 2030 and provides for borrowings up to $100.0 million 3 See Reconciliation of Free Cash Flow on slide 16

13 AS OF AUGUST 2, 2026 FISCAL 2026 OUTLOOK Fiscal 2026 Guidance Reconciliation to 2026 Forecasted Adj. EBITDA 1 Inclusive of software hosting implementation costs which are included in Prepaid expenses & other current assets on the Company’s Consolidated Balance Sheet. Fiscal Year Ending January 31, 2027 ($ in millions) Low High Net (loss) / income $(3.0) $1.4 (+) Depreciation and amortization 24.2 24.2 (+) Amortization of internal-use software hosting subscription implementation costs 4.5 4.5 (+) Interest expense 3.8 3.5 (+) Income tax expense (benefit) 0.5 0.5 EBITDA $30.0 $34.0 (+) Long-term incentive expense 3.9 3.9 (+) Impairment expense 2.7 2.7 (+) Restructuring expense 1.4 1.4 Adjusted EBITDA $38.0 $42.0 ($ in millions) Prior Guidance Updated Guidance Net Sales $540 to $560 $540 to $560 Adjusted EBITDA $28 to $32 $38 to $42 Capital Expenditures 1 $12 $12

THANK YOU

APPENDIX Reconciliation to 2026 Adjusted EBITDA and Adjusted EPS 15 Adjusted EBITDA Three Months Ended ($ in millions) August 2, 2026 August 3, 2025 Net income $18.4 $1.3 (+) Depreciation and amortization 5.6 6.5 (+) Amortization of internal-use software hosting subscription implementation costs 1.1 1.1 (+) Interest expense 0.8 1.5 (+) Income tax expense (benefit) 0.1 (0.4) EBITDA $26.0 $10.0 (+) Long-term incentive expense 1.0 1.2 (+) Impairment expense - - (+) Restructuring expense - 0.9 Adjusted EBITDA $27.0 $12.0 Adjusted EPS Three Months Ended ($ in millions) August 2, 2026 August 3, 2025 Amount Per share Amount Per share Net income attributable to controlling interest $18.4 $0.50 $1.3 $0.04 (+) Restructuring expenses - - 0.9 0.03 (+) Impairment expenses - - - - (-) Income tax effect of adjustments(1) - - (0.2) (0.01) Adjusted net income $18.4 $0.50 $1.9 $0.06 THREE MONTHS ENDED AUGUST 2, 2026

APPENDIX Reconciliation to 2026 Adjusted EBITDA, Adjusted EPS and Free Cash Flow 16 Adjusted EBITDA Six Months Ended ($ in millions) August 2, 2026 August 3, 2025 Net income / (loss) $8.4 $(14.0) (+) Depreciation and amortization 11.4 13.3 (+) Amortization of internal-use software hosting subscription implementation costs 2.2 2.2 (+) Interest expense 1.6 3.0 (+) Income tax expense (benefit) 0.2 0.8 EBITDA $23.7 $5.3 (+) Long-term incentive expense 1.9 1.5 (+) Impairment expense 2.7 0.5 (+) Restructuring expense 1.4 0.9 Adjusted EBITDA $29.7 $8.2 Adjusted EPS Six Months Ended ($ in millions) August 2, 2026 August 3, 2025 Amount Per share Amount Per share Net income / (loss) attributable to controlling interest $8.3 $0.23 $(14.0) $(0.41) (+) Restructuring expenses 1.4 0.04 0.9 0.02 (+) Impairment expenses 2.7 0.07 0.5 0.02 (-) Income tax effect of adjustments (0.9) (0.03) (0.3) (0.01) Adjusted net income $11.4 $0.31 $(13.0) $(0.38) SIX MONTHS ENDED AUGUST 2, 2026 Free Cash Flow Six Months Ended ($ in millions) August 2, 2026 August 3, 2025 Net Cash used in operating activities $15.5 $(24.4) Purchases of property and equipment (2.5) (3.6) Free Cash Flow (non-GAAP) $13.0 $(28.0)

GRAPHIC

Filename: img22894313_0.jpg · Sequence: 4

Binary file (34237 bytes)

Download img22894313_0.jpg

GRAPHIC

Filename: img22894313_1.jpg · Sequence: 5

Binary file (88170 bytes)

Download img22894313_1.jpg

GRAPHIC

Filename: dlth-ex99_2s1.jpg · Sequence: 6

Binary file (2296385 bytes)

Download dlth-ex99_2s1.jpg

GRAPHIC

Filename: dlth-ex99_2s2.jpg · Sequence: 7

Binary file (1018998 bytes)

Download dlth-ex99_2s2.jpg

GRAPHIC

Filename: dlth-ex99_2s3.jpg · Sequence: 8

Binary file (465805 bytes)

Download dlth-ex99_2s3.jpg

GRAPHIC

Filename: dlth-ex99_2s4.jpg · Sequence: 9

Binary file (2236292 bytes)

Download dlth-ex99_2s4.jpg

GRAPHIC

Filename: dlth-ex99_2s5.jpg · Sequence: 10

Binary file (368329 bytes)

Download dlth-ex99_2s5.jpg

GRAPHIC

Filename: dlth-ex99_2s6.jpg · Sequence: 11

Binary file (319143 bytes)

Download dlth-ex99_2s6.jpg

GRAPHIC

Filename: dlth-ex99_2s7.jpg · Sequence: 12

Binary file (293126 bytes)

Download dlth-ex99_2s7.jpg

GRAPHIC

Filename: dlth-ex99_2s8.jpg · Sequence: 13

Binary file (117874 bytes)

Download dlth-ex99_2s8.jpg

GRAPHIC

Filename: dlth-ex99_2s9.jpg · Sequence: 14

Binary file (433516 bytes)

Download dlth-ex99_2s9.jpg

GRAPHIC

Filename: dlth-ex99_2s10.jpg · Sequence: 15

Binary file (258225 bytes)

Download dlth-ex99_2s10.jpg

GRAPHIC

Filename: dlth-ex99_2s11.jpg · Sequence: 16

Binary file (264257 bytes)

Download dlth-ex99_2s11.jpg

GRAPHIC

Filename: dlth-ex99_2s12.jpg · Sequence: 17

Binary file (257247 bytes)

Download dlth-ex99_2s12.jpg

GRAPHIC

Filename: dlth-ex99_2s13.jpg · Sequence: 18

Binary file (297554 bytes)

Download dlth-ex99_2s13.jpg

GRAPHIC

Filename: dlth-ex99_2s14.jpg · Sequence: 19

Binary file (2329032 bytes)

Download dlth-ex99_2s14.jpg

GRAPHIC

Filename: dlth-ex99_2s15.jpg · Sequence: 20

Binary file (330077 bytes)

Download dlth-ex99_2s15.jpg

GRAPHIC

Filename: dlth-ex99_2s16.jpg · Sequence: 21

Binary file (398365 bytes)

Download dlth-ex99_2s16.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 24

v3.26.1

Document And Entity Information

Sep. 03, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

Sep. 03, 2026

Entity Registrant Name

Duluth Holdings Inc.

Entity Central Index Key

0001649744

Entity Emerging Growth Company

false

Entity File Number

001-37641

Entity Incorporation, State or Country Code

Entity Tax Identification Number

39-1564801

Entity Address, Address Line One

201 East Front Street

Entity Address, City or Town

Mount Horeb

Entity Address, State or Province

Entity Address, Postal Zip Code

53572

City Area Code

608

Local Phone Number

424-1544

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class B Common Stock, No Par Value

Trading Symbol

DLTH

Security Exchange Name

NASDAQ

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration