Lands’ End (NASDAQ:LE) Releases Earnings Results, Meets Estimates

Lands’ End (NASDAQ:LE) issued its quarterly earnings results on Thursday. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09, FiscalAI reports. The business had revenue of $302.04 million for the quarter, compared to the consensus estimate of $300.67 million. Lands’ End had a return on equity of 8.22% and a net margin of 26.24%. Lands’ End updated its FY 2026 guidance to 0.440-0.720 EPS and its Q3 2026 guidance to 0.070-0.200 EPS.

Here are the key takeaways from Lands’ End’s conference call:

• Second-quarter revenue rose 3% to $302 million, with U.S. e-commerce up 9% and Lands’ End Outfitters up approximately 4%. Gross margin improved roughly 320 basis points to 52%, aided by an IEEPA tariff refund.
• Management highlighted momentum in bags, swim, sleepwear and key apparel franchises, while new-to-file customers grew double digits, supported by totes and swim. Collaborations with Wawa, TNT and Nantucket also increased social-channel traffic more than 30% year over year.
• The new warehouse management system continued to weigh on results, particularly by delaying value-added school-uniform shipments and increasing backlog; adjusted EBITDA fell $4 million year over year to $11 million. Management says core U.S. e-commerce operations are normalized, but Outfitters is still working through backlog.
• Third-party marketplace revenue declined approximately 20% as the company prioritized higher-margin, less-promotional sales, although comparable gross margin improved more than 500 basis points. Europe revenue was essentially flat, but profitability improved through a more franchise-focused assortment.
• Fiscal 2026 guidance now calls for revenue of $1.3 billion-$1.35 billion, adjusted EBITDA of $62 million-$70 million and adjusted EPS of $0.44-$0.72, incorporating current tariff rates and approximately $40 million in capital expenditures. Inventory was up 13% year over year and ABL borrowings increased to $60 million, despite reduced term debt following the WHP Global transaction.

Lands’ End Stock Performance

LE stock opened at $10.82 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $332.61 million, a price-to-earnings ratio of 0.98 and a beta of 2.32. Lands’ End has a 12 month low of $9.56 and a 12 month high of $20.04. The firm has a 50 day moving average of $11.94 and a two-hundred day moving average of $12.52.

Hedge Funds Weigh In On Lands’ End

A number of institutional investors have recently modified their holdings of LE. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lands’ End by 76.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 487,183 shares of the company’s stock worth $6,869,000 after buying an additional 211,736 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Lands’ End by 147.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 202,024 shares of the company’s stock valued at $2,849,000 after buying an additional 120,342 shares during the last quarter. Millennium Management LLC raised its holdings in Lands’ End by 686.0% in the 3rd quarter. Millennium Management LLC now owns 122,415 shares of the company’s stock worth $1,726,000 after acquiring an additional 106,840 shares during the period. Jane Street Group LLC acquired a new position in Lands’ End during the 4th quarter worth $1,528,000. Finally, UBS Group AG lifted its position in Lands’ End by 197.4% during the 3rd quarter. UBS Group AG now owns 132,610 shares of the company’s stock worth $1,870,000 after acquiring an additional 88,017 shares during the last quarter. Institutional investors own 37.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LE. Weiss Ratings upgraded Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen downgraded shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Noble Financial started coverage on shares of Lands’ End in a research note on Thursday, June 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Lands’ End News Roundup

Here are the key news stories impacting Lands’ End this week:

• Positive Sentiment: Lands’ End reported fiscal second-quarter revenue of $302.04 million, ahead of the $300.67 million consensus estimate. EPS was $0.09, in line with the consensus cited by several reports, and improved from a $0.06 loss in the year-ago quarter. Lands’ End Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: The company’s balance-sheet improvement, including debt paydown and intellectual-property monetization, provides support for its turnaround strategy and could help reduce financial risk. Lands’ End Has Promise, But Execution Is Key
• Neutral Sentiment: Reported profitability improved year over year, with a 26.24% net margin and 8.22% return on equity. However, some analysts noted that adjusted EPS and other operating metrics were less impressive relative to expectations. Lands’ End Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $0.07 to $0.20, below the $0.23 analyst consensus, while revenue guidance of $300 million to $330 million is also below the $326.4 million consensus at the midpoint. This indicates pressure on near-term profitability and demand.
• Negative Sentiment: Full-year fiscal 2026 EPS guidance of $0.44 to $0.72 trails the $0.83 consensus, although revenue guidance of $1.3 billion to $1.4 billion is broadly consistent with expectations. Commentary that EBITDA expectations were reduced further reinforced concerns about execution and declining profitability. Lands’ End Falls After Revenue Guidance Arrives Below Expectations

Lands’ End Company Profile

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.