Duluth Holdings stock reports Q2 profit rebound and higher guidance

Published on 10/05/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Duluth Holdings stock was last at USD 3.93 on October 2, 2026, while Q2 net income reached USD 18.4 million. Adjusted EBITDA guidance rose to USD 38 million-USD 42 million.

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Duluth Holdings stock (ISIN US26443V1017) was last at USD 3.93 on Nasdaq on October 2, 2026, with a market capitalization of USD 149.3 million. The company reported a sharp Q2 2026 profit rebound on September 3, while fiscal-year adjusted EBITDA guidance increased.

Profit improves as sales fall

According to The Globe and Mail on September 3, 2026, Duluth Holdings generated Q2 net sales of USD 121.4 million, down 7.8 percent from the prior-year quarter. Net income reached USD 18.4 million, compared with USD 1.3 million a year earlier.

Adjusted EBITDA rose to USD 27.0 million from USD 12.0 million in the prior-year quarter. The transcript attributed part of the result to USD 16.3 million in tariff refunds, making the margin improvement stronger than the underlying sales trend alone suggests.

Guidance rises despite weaker revenue

Duluth Holdings raised fiscal 2026 adjusted EBITDA guidance to USD 38 million-USD 42 million from USD 28 million-USD 32 million, according to The Globe and Mail. Fiscal 2026 net sales guidance remained USD 540 million-USD 560 million, with second-half sales projected between a 2 percent decline and a 2 percent increase.

The operating tradeoff is clear: profitability improved while demand remained pressured. Inventory fell 15.5 percent year over year to USD 125.2 million, while adjusted gross margin excluding tariff refunds expanded to 59.6 percent, up 490 basis points, according to the same September 3 call transcript.

Analysts see room above USD 3.93

MarketBeat lists a Moderate Buy consensus based on 4 analysts. The average, highest and lowest price targets are each USD 5.00, which places the price target 27.23 percent above the USD 3.93 reference price.

The latest Nasdaq range was USD 2.02 to USD 5.09 over 52 weeks, and trading volume reached 63,845 shares on October 2, 2026. The combination of higher earnings guidance and lower quarterly sales leaves the stock tied to whether margin gains can continue after the tariff refund benefit fades.