Duluth Holdings Inc. reported its second-quarter fiscal 2026 results, highlighting a successful 'Seal the Foundation' phase that improved operational gross margin by nearly 500 basis points and reduced clearance inventory by 43%. The company received $16.3 million in tariff refunds, contributing $0.44 to diluted earnings per share, and cut total inventory by 15.5% year-over-year. Management projects second-half sales between -2% and +2%, with Q3 tempered by lapping last year's clearance events and Q4 expected to improve on more even promotional comparisons. The company also closed its Salt Lake City fulfillment center, reducing network variable costs per unit by nearly 25%, while rising fuel expenses and carrier surcharges remain headwinds.
Duluth Holdings IncQ2 results beat with tariff refunds boosting EPS and improved margins
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