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Duluth Holdings Inc

duluthtrading.com

Duluth Holdings Inc. (NASDAQ: DLTH) is an apparel and accessories company that designs and sells proprietary men's and women's workwear, casual wear, and outdoor apparel under the Duluth Trading brand. Revenue is transactional, generated through direct-to-consumer sales across the company's omnichannel platform: a website, direct mail catalog, 63 retail stores, and three outlet stores as of February 1, 2026. The company operates exclusively in the United States. Founded in 1989 by two brothers in the home construction industry who invented the Bucket Boss canvas tool organizer, Duluth Trading built its initial customer base among tradespeople before expanding into a broader lifestyle brand targeting self-reliant consumers. All products are proprietary and sourced through third-party purchasing agents and domestic and international suppliers. As of March 20, 2026, Stephanie L. Pugliese serves as President and Chief Executive Officer, and Heena K. Agrawal, who joined in February 2024, serves as Senior Vice President and Chief Financial Officer. The company carries a $100.0 million revolving credit facility, temporarily expanded to $125.0 million from October 1, 2025 through March 31, 2026.

Products & Services

Proprietary apparel and accessories including Longtail T shirts, Buck Naked underwear, Fire Hose work pants, No-Yank Tank, and the original Bucket Boss tool organizer. Product lines span men's and women's workwear, casual wear, and outdoor apparel and accessories.

Revenue Model

Transactional direct-to-consumer sales of proprietary apparel and accessories through website, catalog, retail stores, and outlet stores. Shipping and handling revenue is included in gross profit. No subscription or wholesale revenue model is described in the FY2025 10-K filing.

Customers & Markets

Direct consumers across a broad demographic seeking functional, durable workwear and casual apparel. Heritage customer base in the building trades and construction; expanded appeal to general lifestyle and outdoor consumers. No disclosed customer concentration data in the filing excerpts.

Geographic Exposure

United States only. Products offered nationwide through website, direct mail, 63 retail stores, and three outlet stores as of February 1, 2026. No international operations described in the filing.

Financial Snapshot

Revenue
TTM
$561.1M
Gross Margin
TTM
54.74%
Net Income
TTM
-$11.20M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
161.82%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
156.6M
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
$59.17M

Stock Price

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Market Cap: $153.15 Million

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