Duluth Holdings Inc-B 2026年季度报告

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from_______to_______Commission File Number 001-37641 DULUTH HOLDINGS INC. (Exact name of registrant as specified in its charter) 39-1564801(I.R.S. EmployerIdentification Number) Wisconsin(State or other jurisdiction ofincorporation or organization)201 East Front StreetMount Horeb, Wisconsin(Address of principal executive offices) 53572(Zip Code) (608) 424-1544(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☐Non-accelerated Filer☑Smaller Reporting Company☑Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☑ The number of shares outstanding of the Registrant’s Class B common stock, no par value, as of June 8, 2026, was 34,637,871. DULUTH HOLDINGS INC.QUARTERLY REPORT ON FORM 10-QFOR QUARTER ENDED May 3, 2026INDEX Part I—Financial Information Item 1.Financial Statements3Condensed Consolidated Balance Sheets as of May 3, 2026 and February 1, 2026 (Unaudited)3Condensed Consolidated Statements of Operations for the three months ended May 3, 2026 andMay 4, 2025 (Unaudited)4Condensed Consolidated Statements of Comprehensive Income (Loss) for the three monthsended May 3, 2026 and May 4, 2025 (Unaudited)5Condensed Consolidated Statement of Shareholders’ Equity for the three months ended May 3,2026 (Unaudited)6Condensed Consolidated Statement of Shareholders’ Equity for the three months ended May 4,2025 (Unaudited)7Condensed Consolidated Statements of Cash Flows for the three months ended May 3, 2026 andMay 4, 2025 (Unaudited)8Notes to Condensed Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures About Market Risk26Item 4.Controls and Procedures26Part II—Other InformationItem 1.Legal Proceedings26Item 1A.Risk Factors26Item 2.Unregistered Sales of Equity Securities and Use of Proceeds26Item 5.Other Information26Item 6.Exhibits27 Signatures 28 DULUTH HOLDINGS INC.Condensed Consolidated Balance Sheets(Unaudited)(Amounts in thousands) DULUTH HOLDINGS INC.Condensed Consolidated Statements of Operations(Unaudited)(Amounts in thousands, except per share figures) Three Months EndedMay 3, 2026May 4, 2025Net sales$98,594$102,704Cost of goods sold (excluding depreciation and amortization)41,96049,349Gross profit56,63453,355Selling, general and administrative expenses61,80265,158Impairment of long-lived assets2,709549Restructuring expense1,354—Operating loss(9,231)(12,352)Interest expense7901,481Other (loss) income, net93(161)Loss before income taxes(9,928)(13,994)Income tax expense1201,270Net loss(10,048)(15,264)Less: Net income attributable to noncontrolling interest5329Net loss attributable to controlling interest$(10,101)$(15,293)Basic and diluted earnings per share (Class A and Class B):Weighted average shares of common stock outstanding34,71233,714Net loss per share attributable to controllinginterest$(0.29)$(0.45) DULUTH HOLDINGS INC.Condensed Consolidated Statements of Comprehensive Income (Loss)(Unaudited)(Amounts in thousands) Three Months EndedMay 3, 2026May 4, 2025Net loss$(10,048)$(15,264)Other comprehensive lossSecurities available-for sale:Unrealized security gain (loss) arising during the period(29)422Income tax expense——Other comprehensive income (loss)(29)422Comprehensive loss(