InsiderClue
Stocks · Consumer discretionary · Retail-Apparel & Accessory Stores

DULUTH HOLDINGS INC.

DLTH Clue Score35
United States Fiscal year ends February CIK 0001649744
$3.90 -2.74% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.90 −72.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue376.1Operating income35.0Net income21.3Fiscal year 2018Revenue471.4 +25.3%Operating income37.1Net income23.4 +9.6%Fiscal year 2019Revenue568.1 +20.5%Operating income37.2Net income23.2 −0.8%Fiscal year 2020Revenue615.6 +8.4%Operating income28.1Net income18.9 −18.3%EPS, diluted0.58Fiscal year 2021Revenue638.8 +3.8%Operating income24.2Net income13.6 −28.2%EPS, diluted0.42 −27.6%Fiscal year 2022Revenue698.6 +9.4%Operating income44.1Net income29.7 +118.8%EPS, diluted0.90 +114.3%Fiscal year 2023Revenue653.3 −6.5%Operating income6.2Net income2.3 −92.2%EPS, diluted0.07 −92.2%Fiscal year 2024Revenue646.7 −1.0%Operating income−9.6Net income−9.9 −530.7%EPS, diluted−0.30 −528.6%Fiscal year 2025Revenue626.6 −3.1%Operating income−36.9Net income−43.7EPS, diluted−1.31Fiscal year 2026Revenue565.2 −9.8%Operating income−10.2Net income−16.4EPS, diluted−0.47
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 376.1 471.4 568.1 615.6 638.8 698.6 653.3 646.7 626.6 565.2
Growth +25.3% +20.5% +8.4% +3.8% +9.4% −6.5% −1.0% −3.1% −9.8%
Operating income 35.0 37.1 37.2 28.1 24.2 44.1 6.2 −9.6 −36.9 −10.2
Net income 21.3 23.4 23.2 18.9 13.6 29.7 2.3 −9.9 −43.7 −16.4
Growth +9.6% −0.8% −18.3% −28.2% +118.8% −92.2% −530.7%
EPS, diluted n/a n/a n/a 0.58 0.42 0.90 0.07 −0.30 −1.31 −0.47
Growth −27.6% +114.3% −92.2% −528.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin56.9%Operating margin9.3%Net margin5.7%Free cash flow margin−2.2%Fiscal year 2018Gross margin55.4%Operating margin7.9%Net margin5.0%Free cash flow margin−3.5%Fiscal year 2019Gross margin54.6%Operating margin6.5%Net margin4.1%Free cash flow margin−3.9%Fiscal year 2020Gross margin53.3%Operating margin4.6%Net margin3.1%Free cash flow margin−2.6%Fiscal year 2021Gross margin51.9%Operating margin3.8%Net margin2.1%Free cash flow margin6.1%Fiscal year 2022Gross margin54.0%Operating margin6.3%Net margin4.3%Free cash flow margin11.7%Fiscal year 2023Gross margin52.6%Operating margin1.0%Net margin0.4%Free cash flow margin−4.4%Fiscal year 2024Gross margin50.3%Operating margin−1.5%Net margin−1.5%Free cash flow margin−1.6%Fiscal year 2025Gross margin49.2%Operating margin−5.9%Net margin−7.0%Free cash flow margin−4.0%Fiscal year 2026Gross margin53.4%Operating margin−1.8%Net margin−2.9%Free cash flow margin2.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 56.9% 55.4% 54.6% 53.3% 51.9% 54.0% 52.6% 50.3% 49.2% 53.4%
Operating margin 9.3% 7.9% 6.5% 4.6% 3.8% 6.3% 1.0% −1.5% −5.9% −1.8%
Net margin 5.7% 5.0% 4.1% 3.1% 2.1% 4.3% 0.4% −1.5% −7.0% −2.9%
Free cash flow margin −2.2% −3.5% −3.9% −2.6% 6.1% 11.7% −4.4% −1.6% −4.0% 2.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow20.3Capital expenditure−28.7Free cash flow−8.4Fiscal year 2018Operating cash flow29.9Capital expenditure−46.5Free cash flow−16.6Fiscal year 2019Operating cash flow31.1Capital expenditure−53.0Free cash flow−21.9Fiscal year 2020Operating cash flow8.3Capital expenditure−24.4Free cash flow−16.1Fiscal year 2021Operating cash flow50.8Capital expenditure−11.7Free cash flow39.0Fiscal year 2022Operating cash flow92.0Capital expenditure−10.4Free cash flow81.6 +109.3%Fiscal year 2023Operating cash flow−1.4Capital expenditure−27.1Free cash flow−28.5 −134.9%Fiscal year 2024Operating cash flow38.7Capital expenditure−49.1Free cash flow−10.4Fiscal year 2025Operating cash flow−16.9Capital expenditure−8.3Free cash flow−25.2Fiscal year 2026Operating cash flow24.2Capital expenditure−7.6Free cash flow16.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 20.3 29.9 31.1 8.3 50.8 92.0 −1.4 38.7 −16.9 24.2
Capital expenditure −28.7 −46.5 −53.0 −24.4 −11.7 −10.4 −27.1 −49.1 −8.3 −7.6
Free cash flow −8.4 −16.6 −21.9 −16.1 39.0 81.6 −28.5 −10.4 −25.2 16.6
Growth +109.3% −134.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash25.5Total debt0.8Net cash (debt)24.7Shareholders’ equity111.2Debt to equity0.01Fiscal year 2018Cash7.1Total debt1.5Net cash (debt)5.6Shareholders’ equity136.1Debt to equity0.01Fiscal year 2019Cash3.1Total debt28.8Net cash (debt)−25.7Shareholders’ equity160.3Debt to equity0.18Fiscal year 2020Cash2.2Total debt28.3Net cash (debt)−26.1Shareholders’ equity178.3Debt to equity0.16Fiscal year 2021Cash46.6Shareholders’ equity193.5Fiscal year 2022Cash77.1Shareholders’ equity225.9Fiscal year 2023Cash45.5Shareholders’ equity230.4Fiscal year 2024Cash32.2Shareholders’ equity222.8Fiscal year 2025Cash3.3Shareholders’ equity182.7Fiscal year 2026Cash16.3Shareholders’ equity169.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 25.5 7.1 3.1 2.2 46.6 77.1 45.5 32.2 3.3 16.3
Total debt 0.8 1.5 28.8 28.3 n/a n/a n/a n/a n/a n/a
Net cash (debt) 24.7 5.6 −25.7 −26.1 n/a n/a n/a n/a n/a n/a
Shareholders’ equity 111.2 136.1 160.3 178.3 193.5 225.9 230.4 222.8 182.7 169.0
Debt to equity 0.01 0.01 0.18 0.16 n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending February, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Jan 2017 FY2018 28 Jan 2018 FY2019 3 Feb 2019 FY2020 2 Feb 2020 FY2021 31 Jan 2021 FY2022 30 Jan 2022 FY2023 29 Jan 2023 FY2024 28 Jan 2024 FY2025 2 Feb 2025 FY2026 1 Feb 2026
Revenue and profit
376.1 471.4 568.1 615.6 638.8 698.6 653.3 646.7 626.6 565.2
Growth +25.3% +20.5% +8.4% +3.8% +9.4% −6.5% −1.0% −3.1% −9.8%
n/a 210.4 257.7 287.5 307.3 321.3 309.9 321.7 318.1 263.6
214.1 261.0 310.4 328.1 331.5 377.3 343.4 325.0 308.5 301.6
Growth +21.9% +18.9% +5.7% +1.0% +13.8% −9.0% −5.4% −5.1% −2.2%
179.1 223.9 273.2 300.0 307.3 333.2 337.2 334.5 337.6 310.5
35.0 37.1 37.2 28.1 24.2 44.1 6.2 −9.6 −36.9 −10.2
Growth +5.9% +0.3% −24.4% −13.9% +82.1% −85.9% −253.6%
35.1 35.5 31.6 23.9 18.0 39.4 3.0 −12.8 −41.2 −15.2
13.5 11.9 8.5 5.4 4.6 9.9 0.7 −2.9 2.4 1.2
21.3 23.4 23.2 18.9 13.6 29.7 2.3 −9.9 −43.7 −16.4
Growth +9.6% −0.8% −18.3% −28.2% +118.8% −92.2% −530.7%
Per share
n/a n/a n/a 0.59 0.42 0.91 0.07 −0.30 −1.31 −0.47
n/a n/a n/a 0.58 0.42 0.90 0.07 −0.30 −1.31 −0.47
Growth −27.6% +114.3% −92.2% −528.6%
n/a n/a n/a 32.3 32.4 32.6 32.8 33.0 33.4 34.6
n/a n/a n/a 32.4 32.6 32.9 33.0 33.0 33.4 34.6
Growth +0.6% +0.8% +0.4% −0.1% +1.3% +3.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 2.4% a year over five years.
  • The diluted share count rose 6.3% in five years, which is dilution.
  • Operating margin is down 5.6 points on five years ago, at -1.8%.
  • A net loss in 3 of 10 years on file.