Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%

Attractive yield
FCF Yield is 42%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.

Weak multi-year price returns
2Y Excs Rtn is -23%, 3Y Excs Rtn is -106%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.3%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 102%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.0%, Rev Chg QQuarterly Revenue Change % is -4.0%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 89%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%

High stock price volatility
Vol 12M is 100%

Key risks
DLTH key risks include [1] significant financial distress, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Attractive yield
FCF Yield is 42%
2 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, Experience Economy & Premiumization, and Sustainable Consumption. Themes include Direct-to-Consumer Brands, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -23%, 3Y Excs Rtn is -106%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -1.7 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.3%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 102%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.0%, Rev Chg QQuarterly Revenue Change % is -4.0%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 89%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -12%
9 High stock price volatility
Vol 12M is 100%
10 Key risks
DLTH key risks include [1] significant financial distress, Show more.

DLTH in ETFs

Weight = DLTH's share of each fund

VTI0.00%
DFAS0.00%
AVUV0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/10/2026

Duluth (DLTH) stock has gained about 30% since 3/31/2026 because of the following key factors:

1. Duluth Holdings Inc. reported stronger-than-expected fiscal Q1 2027 earnings, which ended May 3, 2026, with an adjusted EPS of ($0.20) that significantly beat the consensus estimate of ($0.39) by $0.19. The company also narrowed its net loss to $10.0 million from $15.3 million in the prior-year first quarter and saw its adjusted EBITDA increase by $6.4 million to $2.6 million, indicating improved profitability.

2. The company achieved substantial gross margin expansion in fiscal Q1 2027, with margins increasing by 540 basis points to 57.4% of net sales. This improvement was primarily driven by reduced promotional activity, strategic direct-to-factory sourcing, and favorable vendor negotiations, reflecting a successful effort to restore price integrity.

Show more
Updated on 7/10/2026

Duluth (DLTH) stock has gained about 30% since 3/31/2026 because of the following key factors:

1. Duluth Holdings Inc. reported stronger-than-expected fiscal Q1 2027 earnings, which ended May 3, 2026, with an adjusted EPS of ($0.20) that significantly beat the consensus estimate of ($0.39) by $0.19. The company also narrowed its net loss to $10.0 million from $15.3 million in the prior-year first quarter and saw its adjusted EBITDA increase by $6.4 million to $2.6 million, indicating improved profitability.

2. The company achieved substantial gross margin expansion in fiscal Q1 2027, with margins increasing by 540 basis points to 57.4% of net sales. This improvement was primarily driven by reduced promotional activity, strategic direct-to-factory sourcing, and favorable vendor negotiations, reflecting a successful effort to restore price integrity.

3. Duluth effectively managed its inventory levels, reporting a significant year-over-year reduction of $43.7 million, or 24.8%, in fiscal Q1 2027. This disciplined approach to inventory management contributed to a strengthened balance sheet, with approximately $100 million of net liquidity at the quarter's end.

4. Management raised its fiscal 2027 Adjusted EBITDA guidance to a range of $28 million to $32 million, an increase from the previously issued guidance of $26 million to $30 million. This upward revision signals enhanced confidence in the company's full-year profitability outlook and strategic execution.

5. Duluth unveiled a new "Build to Last" strategic plan on June 8, 2026, alongside its Q1 2027 earnings release, outlining a long-term roadmap that targets a 1-3% revenue CAGR and an 8-10% adjusted EBITDA margin by 2028. This comprehensive strategic vision and commitment to future growth and profitability likely boosted investor confidence.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 27.5% change in DLTH stock from 3/31/2026 to 7/10/2026 was primarily driven by a 24.6% change in the company's P/S Multiple.
(LTM values as of)33120267102026Change
Stock Price ($)3.164.0327.5%
Change Contribution By: 
Total Revenues ($ Mil)565561-0.7%
P/S Multiple0.20.224.6%
Shares Outstanding (Mil)36353.1%
Cumulative Contribution27.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/10/2026
ReturnCorrelation
DLTH27.5% 
Market (SPY)16.1%23.0%
Sector (XLY)7.6%27.3%

Fundamental Drivers

The 93.8% change in DLTH stock from 12/31/2025 to 7/10/2026 was primarily driven by a 105.1% change in the company's P/S Multiple.
(LTM values as of)123120257102026Change
Stock Price ($)2.084.0393.8%
Change Contribution By: 
Total Revenues ($ Mil)591561-5.0%
P/S Multiple0.10.2105.1%
Shares Outstanding (Mil)3535-0.6%
Cumulative Contribution93.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/10/2026
ReturnCorrelation
DLTH93.8% 
Market (SPY)11.0%24.0%
Sector (XLY)-1.6%24.0%

Fundamental Drivers

The 91.9% change in DLTH stock from 6/30/2025 to 7/10/2026 was primarily driven by a 115.7% change in the company's P/S Multiple.
(LTM values as of)63020257102026Change
Stock Price ($)2.104.0391.9%
Change Contribution By: 
Total Revenues ($ Mil)613561-8.4%
P/S Multiple0.10.2115.7%
Shares Outstanding (Mil)3435-2.9%
Cumulative Contribution91.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/10/2026
ReturnCorrelation
DLTH91.9% 
Market (SPY)23.2%23.8%
Sector (XLY)8.5%24.8%

Fundamental Drivers

The -35.8% change in DLTH stock from 6/30/2023 to 7/10/2026 was primarily driven by a -21.0% change in the company's P/S Multiple.
(LTM values as of)63020237102026Change
Stock Price ($)6.284.03-35.8%
Change Contribution By: 
Total Revenues ($ Mil)654561-14.2%
P/S Multiple0.30.2-21.0%
Shares Outstanding (Mil)3335-5.3%
Cumulative Contribution-35.8%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/10/2026
ReturnCorrelation
DLTH-35.8% 
Market (SPY)76.3%25.6%
Sector (XLY)41.2%26.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
DLTH Return44%-59%-13%-43%-33%101%-60%
Peers Return42%-40%7%63%-15%7%36%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
DLTH Win Rate67%42%42%25%42%71% 
Peers Win Rate58%28%55%62%43%51% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
DLTH Max Drawdown-34%-64%-37%-46%-50%-19% 
Peers Max Drawdown-26%-52%-40%-22%-52%-25% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VFC, COLM, BOOT, WWW, KTB. See DLTH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)

How Low Can It Go

EventDLTHS&P 500
2025 US Tariff Shock
  % Loss-41.4%-18.8%
  % Gain to Breakeven70.7%23.1%
  Time to Breakeven156 days79 days
2023 SVB Regional Banking Crisis
  % Loss-18.3%-6.7%
  % Gain to Breakeven22.4%7.1%
  Time to Breakeven22 days31 days
2020 COVID-19 Crash
  % Loss-58.7%-33.7%
  % Gain to Breakeven142.2%50.9%
  Time to Breakeven67 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-38.7%-3.7%
  % Gain to Breakeven63.2%3.9%
  Time to Breakeven419 days6 days

Compare to VFC, COLM, BOOT, WWW, KTB

In The Past

Duluth's stock fell -41.4% during the 2025 US Tariff Shock. Such a loss loss requires a 70.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventDLTHS&P 500
2025 US Tariff Shock
  % Loss-41.4%-18.8%
  % Gain to Breakeven70.7%23.1%
  Time to Breakeven156 days79 days
2020 COVID-19 Crash
  % Loss-58.7%-33.7%
  % Gain to Breakeven142.2%50.9%
  Time to Breakeven67 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-38.7%-3.7%
  % Gain to Breakeven63.2%3.9%
  Time to Breakeven419 days6 days

Compare to VFC, COLM, BOOT, WWW, KTB

In The Past

Duluth's stock fell -41.4% during the 2025 US Tariff Shock. Such a loss loss requires a 70.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Duluth (DLTH)

Duluth Holdings Inc. (DLTH) is a specialty retailer operating primarily under the Duluth Trading brand, focusing on the design, sourcing, and sale of casual wear, workwear, and accessories. The company's core business revolves around providing durable, functional, and comfortable apparel and gear primarily for men and women in the United States.

Its extensive product catalog includes a wide range of items such as shirts, pants, underwear, outerwear, footwear, and various accessories and hard goods. Duluth Trading is recognized for its proprietary product innovations and trademarks, including "Fire Hose" fabric known for extreme durability, "Longtail T" shirts designed for extended coverage, and "Buck Naked" underwear celebrated for comfort. These distinctive features cater to customers seeking practical and robust solutions for both everyday wear and demanding work environments.

Duluth Trading primarily serves a domestic customer base within the United States, appealing to individuals who prioritize comfort, durability, and functionality in their clothing—often those engaged in outdoor activities, manual labor, or simply appreciating rugged, practical apparel. The company reaches its customers through a multi-channel approach, utilizing its e-commerce website, direct-to-consumer catalogs, and a network of physical retail stores across the country.

AI Analysis | Feedback

Here are 1-3 brief analogies for Duluth Holdings Inc. (DLTH):

  • Duluth is like if Carhartt met L.L.Bean, offering durable workwear and practical casual apparel through catalogs, online, and retail stores.
  • Think of Duluth as a more rugged and innovative Lands' End, known for its durable and comfortable clothing with unique features.

AI Analysis | Feedback

  • Shirts: A variety of tops for men and women, including t-shirts, button-downs, and work shirts.
  • Pants: Bottom-wear options for men and women, such as jeans, work pants, and casual trousers.
  • Underwear: Specialized undergarments designed for comfort and performance for both genders.
  • Outerwear: Jackets, coats, vests, and other garments designed to be worn over other clothing for protection from the elements.
  • Footwear: Shoes, boots, and other items worn on the feet, offering comfort and durability.
  • Accessories: Items like belts, hats, bags, and other additions that complement clothing and lifestyle.
  • Hard Goods: Non-apparel items such as tools, gear, and other practical merchandise for various uses.

AI Analysis | Feedback

Duluth Holdings Inc. (DLTH) sells its products primarily to individual consumers.

The company serves the following categories of customers:

  • Manual laborers and tradespeople: Individuals who require durable, functional, and comfortable workwear for demanding jobs in fields such as construction, skilled trades, and agriculture.
  • Outdoor enthusiasts and hobbyists: Consumers who seek rugged and reliable clothing and accessories for outdoor activities, gardening, or other demanding hobbies that require durable and practical apparel.
  • Everyday consumers: Individuals who appreciate high-quality, comfortable, and long-lasting casual wear for daily use, valuing the brand's reputation for durability, practical features, and unique designs.

AI Analysis | Feedback

null

AI Analysis | Feedback

Stephanie Pugliese, President and Chief Executive Officer

Stephanie Pugliese assumed the role of President and Chief Executive Officer of Duluth Holdings Inc. effective May 5, 2025. A retail veteran with 30 years of experience, she previously led Duluth Trading as President and CEO from February 2015 to August 2019, a period during which the company doubled its net sales and enhanced profitability. Prior to her return to Duluth Trading, Ms. Pugliese served as President of North America for Under Armour, Inc. from September 2019 to May 2020, and as President of the Americas from June 2020 to March 2023. Her career also includes executive positions at Lands' End, Inc. (2005-2008) and Ann, Inc. (2000-2003). Ms. Pugliese holds a Bachelor of Science degree in Marketing from New York University Stern School of Business. She currently serves on the Advisory Board of the Women in Retail Leadership Circle and Cooper's Hawk Winery and Restaurants, and has been a director on the board of Fortune Brands Innovations, Inc. since March 2023.

Heena Agrawal, Senior Vice President and Chief Financial Officer

Heena Agrawal was appointed Senior Vice President and Chief Financial Officer of Duluth Holdings Inc., effective February 12, 2024. She brings two decades of finance and leadership experience from diverse industries. Ms. Agrawal's professional background includes roles such as CFO, Global Wrangler and Global Kontoor Supply Chain at Kontoor Brands; CFO, Global Industrial Segment and CFO, Global Connected Technology Appliances & Lighting Division at Underwriters Laboratories; and vendor synergy leader, Rite Aid M&A Integration at Walgreens Boots Alliance. She spent the first ten years of her finance career at Procter & Gamble. Ms. Agrawal is a CPA and holds a CF and an MBA from the Kelley School of Business at Indiana University.

Stephen L. Schlecht, Chairman and Founder, Senior Advisor

Stephen L. Schlecht is the Founder of Duluth Holdings Inc. and currently serves as its Chairman of the Board and Senior Advisor. He has been a member of the board of directors since the company's founding in 1986. Mr. Schlecht previously held the position of President and Chief Executive Officer from February 2003 to February 2015, after which he became Executive Chairman. He also served as Interim CEO from September 2019 to May 2021 and again from April 25, 2025, until Stephanie Pugliese's appointment in May 2025. Furthermore, Mr. Schlecht founded GEMPLER'S Inc. in 1986 and served as its President and Chief Executive Officer until February 2003. He holds BSBA and MBA degrees from Northwestern University.

AI Analysis | Feedback

The key risks to Duluth Holdings Inc.'s business (DLTH) are:

  1. Declining Sales and Profitability: Duluth Holdings Inc. faces significant challenges with consistent declines in sales, flat or decreasing gross margins, and growing operating losses, leading to negative earnings. This suggests fundamental issues with their strategic approach, merchandising effectiveness, and ability to compete in the apparel market. Management has acknowledged strategic problems and is considering store and fulfillment center closures as part of a strategic review.

  2. Debt and Liquidity Concerns: The company carries a notable level of debt, with liabilities significantly outweighing its cash and near-term receivables. Recent reports indicate net debt and a considerable deficit when comparing current liabilities to liquid assets. The company has incurred earnings before interest and tax (EBIT) losses, raising concerns about its ability to service its debt and potentially requiring a major recapitalization if creditors demanded repayment.

  3. Supply Chain and Distribution Disruptions: Duluth Holdings Inc. is exposed to risks associated with potential disruptions in its supply chain and distribution centers. Such disruptions could adversely affect the company's ability to procure products, manage inventory, and deliver goods to customers, thereby impacting sales and profitability.

AI Analysis | Feedback

null

AI Analysis | Feedback

Duluth Holdings Inc. (DLTH) operates in the United States, selling casual wear, workwear, and accessories for men and women. The addressable markets for these main product categories in the U.S. are substantial.

Addressable Markets in the U.S.

  • Casual Wear: The United States casual wear market was valued at approximately USD 196.22 billion in 2024. This market is projected to grow to about USD 266.47 billion by 2033.
  • Workwear: The U.S. workwear market generated an estimated revenue of USD 3,482.1 million (USD 3.48 billion) in 2024. It is expected to reach USD 4,973.5 million (USD 4.97 billion) by 2033.
  • Accessories: The U.S. fashion accessories market, which includes various accessories, was valued at USD 222,074.1 million (USD 222.07 billion) in 2024. This market is projected to grow to approximately USD 342,988.5 million (USD 342.99 billion) by 2030.

AI Analysis | Feedback

Duluth Holdings Inc. (DLTH) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Expansion and Growth in Women's Business and AKHG Brand: The company has observed significant acceleration in its women's business, with double-digit growth across both the Duluth and AKHG brands. The AKHG women's business, in particular, has demonstrated strong year-over-year growth exceeding 20%, indicating a continued focus on and success within this segment.
  2. Introduction and Performance of New Products: Duluth Trading Co. continues to focus on product innovation. Successful new "hero products" such as the Heirloom Gardening bib, which has seen extended wear potential with the introduction of a lined version, are expected to contribute to revenue by attracting new customers and expanding product offerings.
  3. Strategic Marketing Investments for Customer Acquisition and Retention: The company is committed to maintaining its strategic investment in marketing. This effort is aimed at attracting new customers to the brand while simultaneously strengthening relationships with its existing customer base, thereby fostering sustained customer growth and repeat business.
  4. Implementation of Strategic Pricing Actions: Duluth Holdings Inc. plans to focus on resetting price integrity and undertaking pricing actions. These initiatives are designed to lead to higher average prices, which, combined with improved promotional strategies, are anticipated to positively impact revenue per unit.
  5. Enhanced Operational Execution and Efficiency: Efforts to improve operational execution and efficiency, including better inventory management and optimized fulfillment costs, are crucial for supporting revenue growth. These efficiencies can lead to improved gross margins and allow for more competitive positioning and product availability, indirectly driving sales.

AI Analysis | Feedback

Capital Allocation Decisions (Last 3-5 Years)

Share Issuance

  • Duluth Holdings Inc. has seen an increase in its Class B common stock outstanding, from approximately 29.44 million shares as of June 2, 2020, to about 31.77 million shares as of March 19, 2025.
  • Directors have received equity awards of Class B Common Stock in lieu of quarterly cash retainers, including 6,406 shares on October 30, 2025, and 7,469 shares on February 1, 2026.

Capital Expenditures

  • Capital expenditures were $12.3 million for fiscal year 2020 (ended January 31, 2021), $15.1 million for fiscal year 2021 (ended January 30, 2022), $31.5 million for fiscal year 2022 (ended January 29, 2023), $53.2 million for fiscal year 2023 (ended January 28, 2024), and $17.4 million for fiscal year 2024 (ended February 2, 2025).
  • Fiscal year 2022 capital expenditures included strategic investments in a new automated Southeast fulfillment center and re-platforming the company's website with next-generation e-commerce architecture, as well as software hosting implementation costs.
  • For fiscal year 2023, the company projected capital expenditures, including software hosting implementation costs, to be approximately $55 million.

Better Bets vs. Duluth (DLTH)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

DLTHVFCCOLMBOOTWWWKTBMedian
NameDuluth VF Columbia.Boot BarnWolverin.Kontoor . 
Mkt Price4.0316.7762.97161.2317.7185.6640.34
Mkt Cap0.16.63.34.91.44.74.0
Rev LTM5619,6053,3982,2541,9203,1432,698
Op Inc LTM-2607232299163357265
FCF LTM59505174126132395153
FCF 3Y Avg055435981136386247
CFO LTM67671237305141424271
CFO 3Y Avg15717418230152413321

Growth & Margins

DLTHVFCCOLMBOOTWWWKTBMedian
NameDuluth VF Columbia.Boot BarnWolverin.Kontoor . 
Rev Chg LTM-8.4%1.1%0.6%17.9%8.3%31.0%4.7%
Rev Chg 3Y Avg-5.0%-4.6%-1.2%11.0%-9.5%7.5%-2.9%
Rev Chg Q-4.0%1.0%0.1%18.7%11.0%45.0%6.0%
QoQ Delta Rev Chg LTM-0.7%0.2%0.0%3.9%2.4%6.4%1.3%
Op Inc Chg LTM94.5%54.5%-15.1%25.0%39.0%23.5%32.0%
Op Inc Chg 3Y Avg-223.1%-1.6%-16.7%10.4%610.5%2.4%0.4%
Op Mgn LTM-0.3%6.3%6.8%13.3%8.5%11.4%7.7%
Op Mgn 3Y Avg-2.6%4.8%8.1%12.6%5.1%11.9%6.6%
QoQ Delta Op Mgn LTM1.2%1.0%-0.1%-0.2%0.5%1.3%0.7%
CFO/Rev LTM12.0%7.0%7.0%13.5%7.3%13.5%9.7%
CFO/Rev 3Y Avg2.8%7.3%12.3%11.8%7.9%15.4%9.9%
FCF/Rev LTM10.5%5.3%5.1%5.6%6.9%12.6%6.2%
FCF/Rev 3Y Avg0.4%5.7%10.5%4.2%7.1%14.4%6.4%

Valuation

DLTHVFCCOLMBOOTWWWKTBMedian
NameDuluth VF Columbia.Boot BarnWolverin.Kontoor . 
Mkt Cap0.16.63.34.91.44.74.0
P/S0.20.71.02.20.81.50.9
P/Op Inc-80.010.814.316.48.913.212.0
P/EBIT-21.612.914.316.28.712.512.7
P/E-12.525.719.621.713.917.118.3
P/CFO2.19.814.016.110.311.110.7
Total Yield-8.0%6.0%7.1%4.6%9.5%6.5%6.3%
Dividend Yield0.0%2.1%1.9%0.0%2.3%0.6%1.3%
FCF Yield 3Y Avg-11.3%9.0%8.5%2.3%12.8%10.8%8.7%
D/E1.10.80.10.20.50.30.4
Net D/E1.00.6-0.00.10.50.30.4

Returns

DLTHVFCCOLMBOOTWWWKTBMedian
NameDuluth VF Columbia.Boot BarnWolverin.Kontoor . 
1M Rtn-11.0%2.2%-2.3%-2.4%3.8%12.8%-0.1%
3M Rtn22.5%-7.5%10.5%3.9%4.9%20.0%7.7%
6M Rtn73.0%-14.7%13.6%-17.6%-5.8%40.6%3.9%
12M Rtn76.8%32.5%1.2%-7.0%-9.1%25.0%13.1%
3Y Rtn-37.5%-6.2%-14.0%80.2%40.3%141.8%17.1%
1M Excs Rtn-16.3%-3.4%-6.8%-8.2%1.9%8.4%-5.1%
3M Excs Rtn10.8%-19.2%-3.3%-8.8%-7.3%7.5%-5.3%
6M Excs Rtn69.7%-21.2%5.5%-25.0%-9.7%38.0%-2.1%
12M Excs Rtn52.0%16.6%-19.1%-25.3%-27.9%6.3%-6.4%
3Y Excs Rtn-106.2%-75.0%-83.0%17.8%-38.8%55.2%-56.9%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Single Segment565627647653699
Total565627647653699


Operating Income by Segment
$ Mil20262025202420202019
Single Segment-10-37-10  
Direct-to-consumer   -10-0
Stores   3838
Total-10-37-102837


Net Income by Segment
$ Mil20262025
Single Segment-16-44
Total-16-44


Assets by Segment
$ Mil20202019201820172016
Direct-to-consumer244183134115 
Stores2301148941 
Direct    107
Retail    14
Total474297223156121


Price Behavior

Price Behavior
Market Price$4.03 
Market Cap ($ Bil)0.1 
First Trading Date11/20/2015 
Distance from 52W High-15.5% 
   50 Days200 Days
DMA Price$3.76$3.06
DMA Trendupup
Distance from DMA7.0%31.9%
 3M1YR
Volatility86.5%100.6%
Downside Capture210.24185.81
Upside Capture204.17211.10
Correlation (SPY)24.4%23.9%
DLTH Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta2.161.591.571.591.891.21
Up Beta-1.070.141.191.341.961.30
Down Beta0.881.071.062.281.750.96
Up Capture653%346%260%310%414%125%
Bmk +ve Days11244067140429
Stock +ve Days10213264121336
Down Capture159%135%153%75%139%109%
Bmk -ve Days10172358112321
Stock -ve Days10193059122383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DLTH
DLTH73.3%100.4%0.95-
Sector ETF (XLY)7.7%18.7%0.2624.6%
Equity (SPY)22.1%12.5%1.3123.6%
Gold (GLD)23.5%27.8%0.75-2.8%
Commodities (DBC)23.6%18.7%0.99-6.2%
Real Estate (VNQ)13.4%13.9%0.678.2%
Bitcoin (BTCUSD)-43.4%42.8%-1.2111.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DLTH
DLTH-26.7%64.1%-0.24-
Sector ETF (XLY)6.3%23.9%0.2233.0%
Equity (SPY)13.4%17.1%0.6131.6%
Gold (GLD)17.8%18.3%0.79-2.9%
Commodities (DBC)7.3%19.5%0.275.4%
Real Estate (VNQ)2.9%18.9%0.0523.3%
Bitcoin (BTCUSD)13.5%53.4%0.4415.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with DLTH
DLTH-16.1%62.1%-0.02-
Sector ETF (XLY)12.9%22.1%0.5334.6%
Equity (SPY)15.6%17.9%0.7532.6%
Gold (GLD)11.6%16.1%0.59-0.6%
Commodities (DBC)6.0%18.0%0.2611.5%
Real Estate (VNQ)5.1%20.7%0.2125.6%
Bitcoin (BTCUSD)58.3%66.2%0.988.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 53120269.4%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest1.2 days
Basic Shares Quantity34.7 Mil
Short % of Basic Shares1.0%

Earnings Returns History

Updated 7/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/8/202629.8%41.0%25.0%
3/19/202644.7%45.2%52.5%
12/16/2025-29.4%-29.7%-25.6%
9/4/202552.1%52.1%61.9%
6/5/2025-17.4%-10.7%-1.8%
3/13/2025-10.8%-25.8%-32.2%
12/5/2024-8.3%-9.9%-19.9%
8/29/202418.9%17.6%18.3%
...
SUMMARY STATS   
# Positive91111
# Negative141212
Median Positive18.4%17.6%16.3%
Median Negative-9.1%-12.6%-20.3%
Max Positive52.1%52.1%61.9%
Max Negative-29.4%-30.8%-32.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
6/8/202629.8%41.0%25.0%
3/19/202644.7%45.2%52.5%
12/16/2025-29.4%-29.7%-25.6%
9/4/202552.1%52.1%61.9%
6/5/2025-17.4%-10.7%-1.8%
3/13/2025-10.8%-25.8%-32.2%
12/5/2024-8.3%-9.9%-19.9%
8/29/202418.9%17.6%18.3%
5/30/2024-1.5%-9.0%-8.2%
3/7/20240.9%4.3%10.9%
11/30/2023-2.5%-3.3%4.7%
8/31/2023-13.5%-15.6%-18.2%
6/1/20234.6%20.7%16.3%
3/9/20239.2%10.7%1.3%
12/1/2022-16.8%-30.8%-29.5%
9/1/2022-2.8%-12.6%-20.6%
6/2/2022-2.6%-12.6%-23.6%
3/10/2022-1.9%2.9%-5.9%
12/2/202118.4%16.7%11.7%
6/3/2021-6.9%3.5%14.6%
3/18/2021-10.0%-10.6%-3.5%
12/3/2020-14.9%-17.0%-22.8%
9/3/20207.9%22.3%23.6%
SUMMARY STATS   
# Positive91111
# Negative141212
Median Positive18.4%17.6%16.3%
Median Negative-9.1%-12.6%-20.3%
Max Positive52.1%52.1%61.9%
Max Negative-29.4%-30.8%-32.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
04/30/202606/09/202610-Q
01/31/202603/20/202610-K
10/31/202512/17/202510-Q
07/31/202509/05/202510-Q
04/30/202506/06/202510-Q
01/31/202503/24/202510-K
10/31/202412/06/202410-Q
07/31/202408/30/202410-Q
04/30/202405/31/202410-Q
01/31/202403/22/202410-K
10/31/202312/01/202310-Q
07/31/202309/01/202310-Q
04/30/202306/02/202310-Q
01/31/202303/17/202310-K
10/31/202212/02/202210-Q
07/31/202209/02/202210-Q
Collapse to Preview
Report DateFiling DateFiling
04/30/202606/09/202610-Q
01/31/202603/20/202610-K
10/31/202512/17/202510-Q
07/31/202509/05/202510-Q
04/30/202506/06/202510-Q
01/31/202503/24/202510-K
10/31/202412/06/202410-Q
07/31/202408/30/202410-Q
04/30/202405/31/202410-Q
01/31/202403/22/202410-K
10/31/202312/01/202310-Q
07/31/202309/01/202310-Q
04/30/202306/02/202310-Q
01/31/202303/17/202310-K
10/31/202212/02/202210-Q
07/31/202209/02/202210-Q
04/30/202206/03/202210-Q
01/31/202203/25/202210-K
10/31/202112/03/202110-Q
07/31/202109/03/202110-Q
04/30/202106/04/202110-Q
01/31/202103/26/202110-K
10/31/202012/04/202010-Q
07/31/202009/04/202010-Q
04/30/202006/05/202010-Q
01/31/202003/20/202010-K
10/31/201912/06/201910-Q
07/31/201909/13/201910-Q

Recent Forward Guidance

Updated 7/9/2026

Latest: Q1 2026 Earnings Reported 6/8/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales540.00 Mil550.00 Mil560.00 Mil0 AffirmedGuidance: 550.00 Mil for 2026
2026 Adjusted EBITDA28.00 Mil30.00 Mil32.00 Mil7.1% RaisedGuidance: 28.00 Mil for 2026
2026 Capital Expenditures 12.00 Mil 0 AffirmedGuidance: 12.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 3/19/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales540.00 Mil550.00 Mil560.00 Mil-1.8% Lower NewGuidance: 560.00 Mil for 2025
2026 Adjusted EBITDA26.00 Mil28.00 Mil30.00 Mil16.7% Higher NewGuidance: 24.00 Mil for 2025
2026 Capital Expenditures 12.00 Mil -29.4% Lower NewGuidance: 17.00 Mil for 2025

Insider Activity

Updated 6/5/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Schlecht, Richard WSVP, Product Dev. & SourcingDirectBuy122920252.2210,50223,309781,781Form
2Schlecht, Richard WSVP, Product Dev. & SourcingDirectBuy122920252.1718,05239,084739,882Form
3Agrawal, HeenaSenior Vice President and CFODirectBuy92920253.5010,00034,989868,053Form
4Agrawal, HeenaSenior Vice President and CFODirectBuy61820251.9013,00024,657451,591Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Schlecht, Richard WSVP, Product Dev. & SourcingDirectBuy122920252.2210,50223,309781,781Form
2Schlecht, Richard WSVP, Product Dev. & SourcingDirectBuy122920252.1718,05239,084739,882Form
3Agrawal, HeenaSenior Vice President and CFODirectBuy92920253.5010,00034,989868,053Form
4Agrawal, HeenaSenior Vice President and CFODirectBuy61820251.9013,00024,657451,591Form
Core Cache Last Updated: 7/10/2026