Duluth Holdings Grows Q2 Profit Margins

Duluth Holdings Inc (NASDAQ:DLTH) said its net income rose by $5.2 million and adjusted EBITDA increased by $6.4 million versus the prior-year period, indicating improved profitability and operating earnings. The company operates Duluth Trading Co., selling workwear and apparel via stores and direct-to-consumer channels. Shares were up about 27% Monday morning.

DULUTH HOLDINGS INC. (DLTH) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 dlth-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Duluth Holdings Inc. Announces First Quarter 2026 Financial Results Net Income improves by $5.2M and Adjusted EBITDA rises by $6.4M over prior year Gross Margin reaches 57.4%, an expansion of 540 basis points versus prior yea

Duluth Holdings (NASDAQ: DLTH) reported fiscal Q1 ended May 3, 2026 net loss of $10.0M versus $15.3M a year earlier and adjusted EBITDA up $6.4M to $2.6M. Gross margin rose 540 bps to 57.4%. Net sales fell 4.0% to $98.6M; inventory dropped 24.8% to $43.7M. The company said it has ~$100M net liquidity and raised FY2026 adjusted EBITDA guidance to $28M–$32M.

Cleveland-Cliffs (CLF) stock rose 2.0% to $11.50 in pre-market trading after announcing a $1 billion modernization plan for its Ohio facility, co-funded by a $500 million U.S. Department of Energy award. The project includes AI-enabled upgrades and aims to reduce costs and protect 2,300 jobs. Analysts have a 'Hold' consensus with a $12.28 price target. The stock's gain is driven by the project announcement rather than broader market trends.

Kaiser Aluminum (KALU) announced Fred Stephan as its new CEO, effective November 1, 2026. Stephan brings extensive global manufacturing and packaging experience, potentially influencing operational efficiency and end-market focus. The company reported strong first-half 2026 earnings, with net income rising to $159.3 million. Analysts project $4.4 billion revenue and $202.2 million earnings by 2029, with a 10% upside to the current price.

Ingredion has named Diego Reynoso as its new chief financial officer, starting October 1, 2026. He will oversee finance, strategy, and capital allocation, reporting to CEO Jim Zallie. Reynoso previously served as CFO at Boston Beer Company and held roles at Tyson Foods and Constellation Brands.