US’ Duluth Holdings sees $15.3 mn Q1 loss, keeps FY25 outlook

Duluth Trading reported a 12 per cent drop in Q1 FY25 sales to $102.7 million and a net loss of $15.3 million.
DTC sales fell 17.1 per cent, and gross margin declined to 52 per cent.
Adjusted EBITDA was –$3.8 million.
CEO Stephanie Pugliese announced plans to simplify operations, enhance brand focus, and maintain FY25 guidance amid ongoing business challenges.Duluth Trading reported a 12 per cent drop in Q1 FY25 sales to $102.7 million and a net loss of $15.3 million.
DTC sales fell 17.1 per cent, and gross margin declined to 52 per cent.
Adjusted EBITDA was –$3.8 million.
CEO Stephanie Pugliese announced plans to simplify operations, enhance brand focus, and maintain FY25 guidance amid ongoing business challenges.