尽管销售额下降,但杜鲁斯在2025年第四季度的利增长得更强.这要归功于改善的利率和库存控制. Duluth posted stronger profits in Q4 2025 despite lower sales, thanks to improved margins and inventory control.

杜鲁斯报告了2025年第四季度的混合业绩,销售额下降10.5%,但由于更紧张的促销和库存减少,毛利率大幅增加至890个基点,达到53%. Duluth reported mixed Q4 2025 results with a 10.5% sales drop but a significant 890-basis-point gross margin expansion to 53% due to tighter promotions and inventory reduction. 净利增至7800万美元,调整后的每股收益达到0.23美元,而调整之后的EBITDA增加到1750万美元. Net income rose to $7.8 million, adjusted EPS reached $0.23, and adjusted EBITDA increased to $17.5 million. 全年销售额下降9.8%,但公司获得了1660万美元的自由现金流,减少了21.1%,并保持了1.41亿美元的无债务流动性. Full-year sales declined 9.8%, yet the company generated $16.6 million in free cash flow, cut inventory by 21.1%, and maintained $141 million in liquidity with no debt. 由于新店铺和更好的库存水平,零售销量在第四季度增长了4.7%,而直接道的销售额则因网络流量的减少下降16%. Retail sales grew 4.7% in Q4, driven by new stores and better in-stock levels, while direct channel sales fell 16% due to lower web traffic. 管理层预计通过价格纪律和库存控制, 2026 年的毛利率将提高 100个基点. Management projects a 100-basis-point gross margin improvement in 2026 through pricing discipline and inventory control.