← All companies

Duluth Trading

$638M sales but only ~$500M market cap

1 transcript mentions
Mentions over time
1 total · by year · from the transcripts
’19’20’21’22’23’24’25’261
1
mentions
1
receipts
1
numbers
1
episodes
By type
1
  • Number1 · 100%
By speaker
1
  • Shaan1 · 100%
By topic
2
  • Investing1 · 50%
  • E-commerce1 · 50%
Shows up most in
#219How to Make Billions with a Niche DTC Clothing Line1×

Comes up with

most-shared episodes
BlockworksCompany1×Brent BeshorePerson1×Capital CampCompany1×CarharttCompany1×FIGSCompany1×Founder-market fitConcept1×InstagramCompany1×Laird HamiltonPerson1×

Key numbers

1 figure
$638M/yrAnnual salesEP 219 · 28:03 · SHAAN · Duluth Trading · FIGS

In the moments

1 linked receipts
Number

Duluth Trading: $638M in sales but only a $500M market cap

Shaan points out that workwear brand Duluth Trading does $638M in annual sales yet carries only a ~$500M market cap, roughly double FIGS's revenue at a fraction of the valuation, suggesting the rugged-wear category is mispriced versus a hyped DTC story.

$638M
Annual sales · USD/year
“Duluth, I looked up before this, they're $638 million in annual sales. It's only got a $500 million market cap. So double the revenue of Figgs.”
EP 219 · 28:03 · SHAAN
Read at 28:03
mfmindex.com№ 0219-1683