Duluth Holdings Shares Gain as Tariff Refunds Boost 2Q Profit

By Elias Schisgall

Shares of Duluth Holdings rose after the company lifted its guidance for the year and reported a higher second-quarter profit, boosted by refunds for tariffs.

Shares were up 9.1% to $3.95 in pre-market trading on Thursday. The stock closed Wednesday down 0.3% at $3.62, up 74% this year.

The parent company for the Duluth Trading Co. apparel brand on Thursday reported a profit of $18.4 million, or 50 cents a share, in the quarter ended Aug. 2. That compares with a profit of $1.3 million, or 4 cents a share, a year earlier.

The profit includes a $16.3 million impact from tariff refunds, the company said.

On an adjusted basis, earnings also came in at 50 cents a share.

Net sales fell to $121.4 million, down from $131.7 million a year prior.

Adjusted earnings before interest, taxes, depreciation, and amortization rose to $27 million from $12 million, also including the impact from tariff refunds.

"Our second quarter performance demonstrates strong execution of our operational priorities, inventory discipline, and successful promotional reset," Chief Executive Stephanie Pugliese said.

The company raised its guidance for full-year adjusted Ebitda by $10 million to a range of $38 million to $42 million, including the impact of tariff refunds. It affirmed its outlook for net sales in the full fiscal year between $540 million and $560 million.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

September 03, 2026 06:35 ET (10:35 GMT)