DLTH net income jumps on $16.3M tariff refund; guidance raised
DLTH net income surged to $18.4 million, helped by a $16.3 million tariff refund, while net sales fell 7.8% year-over-year. Gross margin expanded, inventory was cut 15.5%, and fiscal 2026 Adjusted EBITDA guidance was raised; sales guidance affirmed.
Net income surged to $18.4 million, aided by a $16.3 million tariff refund, while net sales declined 7.8% year-over-year.
Gross margin expanded significantly, and inventory was reduced by 15.5%.
Fiscal 2026 guidance was raised for Adjusted EBITDA and affirmed for sales.Original document: Duluth Hol…