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LE

Lands' End, Inc.

LE

Lands' End, Inc. • NASDAQ
$15.79 ▼ -1.00% (-0.16)
Market Cap $481.86 M
52w High $16.87
52w Low $7.65
Dividend Yield 0%
P/E 87.72
Volume 45.31K
Outstanding Shares 30.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $294.079M ▲ $139.435M ▲ $-3.667M ▲ -1.247% ▲ $-0.12 ▲ $11.639M ▲
Q1-2025 $261.208M ▼ $135.096M ▼ $-8.262M ▼ -3.163% ▼ $-0.27 ▼ $5.932M ▼
Q4-2024 $441.663M ▲ $164.384M ▲ $18.519M ▲ 4.193% ▲ $0.6 ▲ $45.031M ▲
Q3-2024 $318.628M ▲ $151.858M ▲ $-593K ▲ -0.186% ▲ $-0.019 ▲ $17.088M ▲
Q2-2024 $317.173M $149.399M $-5.251M -1.656% $-0.17 $11.262M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $21.255M ▲ $800.641M ▲ $575.517M ▲ $225.124M ▼
Q1-2025 $18.139M ▲ $760.495M ▼ $530.355M ▲ $230.14M ▼
Q4-2024 $16.18M ▼ $765.481M ▼ $526.259M ▼ $239.222M ▲
Q3-2024 $30.401M ▲ $843.571M ▲ $619.928M ▲ $223.643M ▼
Q2-2024 $25.648M $802.516M $576.002M $226.514M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-3.667M ▲ $22.932M ▲ $-8.866M ▼ $-10.346M ▼ $3.229M ▲ $14.055M ▲
Q1-2025 $-8.262M ▼ $-22.463M ▼ $-8.286M ▲ $32.42M ▲ $1.505M ▲ $-30.749M ▼
Q4-2024 $18.519M ▲ $65.355M ▲ $-12.914M ▼ $-65.988M ▼ $-13.501M ▼ $49.727M ▲
Q3-2024 $-593K ▲ $-17.121M ▼ $-10.672M ▼ $32.504M ▲ $4.426M ▲ $-27.793M ▼
Q2-2024 $-5.251M $30.724M $-4.719M $-28.069M $-1.952M $25.99M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Business Outfitters Revenue
Business Outfitters Revenue
 $60.00M ▲$70.00M ▲$50.00M ▼$70.00M ▲
Europe eCommerce
Europe eCommerce
 $0 ▲$0 ▲$100.00M ▲$20.00M ▼
Licensing and Retail
Licensing and Retail
 $0 ▲$0 ▲$110.00M ▲$20.00M ▼
Third Party
Third Party
 $30.00M ▲$30.00M ▲$-10.00M ▼$20.00M ▲
U Se Commerce
U Se Commerce
 $190.00M ▲$190.00M ▲$300.00M ▲$170.00M ▼
International
International
 $20.00M ▲$30.00M ▲$0 ▼$0 ▲
Retail
Retail
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Lands’ End’s sales have slowly drifted down from their peak a few years ago, but profit margins on what they do sell have held up reasonably well. The company has bounced between small profits and small losses, showing that its earnings are fragile and highly sensitive to shifts in demand and costs. The most recent year shows a return to modest profitability after a deeper loss, which suggests some operational progress but not yet a consistently strong earnings engine. Overall, this is a low-margin, recovery-style income statement with clear improvement but limited safety cushion.

Balance Sheet

Balance Sheet The balance sheet looks lean and somewhat tight. Total assets have come down from earlier levels, and the company carries a meaningful, though not extreme, amount of debt relative to its size. Cash on hand is modest, which limits flexibility if conditions worsen. Equity has shrunk from its stronger levels a few years ago but has recently stabilized, suggesting that the period of rapid balance sheet deterioration may be behind them, at least for now. This is a balance sheet that appears serviceable, but not particularly robust, in a cyclical retail environment.

Cash Flow

Cash Flow Cash generation has been positive in most years, with the business generally producing more cash than it spends, aside from a tougher period in the middle of the five-year span. Free cash flow is usually positive but thin, leaving limited room for major investments or shocks without relying on outside funding. Capital spending has been kept relatively low and steady, indicating a cautious approach to investment. Overall, the cash flow profile points to a business that can fund itself in normal times, but without a large buffer for prolonged downturns or aggressive growth plans.

Competitive Edge

Competitive Edge Lands’ End competes in a very crowded apparel and retail market, but leans on a long-established brand known for quality, durability, and customer service. Its heritage, loyal core customer base, and strong direct-to-consumer roots help counterbalance its smaller scale versus retail giants and fast-fashion players. Partnerships with major retailers and an asset-light approach through licensing broaden its reach without heavy store investments. Still, the company faces intense price and style competition, and its middle-market positioning can be pressured when consumers trade down or chase faster-changing fashion trends.

Innovation and R&D

Innovation and R&D Innovation at Lands’ End is focused on practical, customer-facing improvements rather than heavy technical research. The company is investing in data analytics and artificial intelligence to personalize marketing and improve product discovery, while rolling out a new planning system to speed decisions and better manage inventory. On the product side, it emphasizes “solutions-based” features like shaping swimwear and performance fabrics that solve specific customer problems. It is also experimenting with digital tools and expanding via licensing and international relaunches. The key challenge is execution: converting these initiatives into sustained sales growth and stronger margins.

Summary

Lands’ End appears to be in a gradual stabilization phase: sales are off their highs, but profitability and cash generation have improved from a recent low point. The business runs on thin margins, with a balance sheet and cash flows that are adequate but not particularly cushioned against shocks. Its main strengths lie in brand heritage, loyal customers, and a disciplined, asset-light approach supported by partnerships and licensing. At the same time, it competes in a tough, fashion-driven, and cyclical market, where missteps can quickly show up in earnings. Future performance will likely hinge on how well the company can leverage its digital investments, solution-based products, and partnerships to reignite sustainable, profitable growth without overstretching its limited financial flexibility.

NEWS

November 28, 2025 · 8:00 AM UTC

Lands' End Announces Third Quarter 2025 Earnings Conference Call

Read more

September 9, 2025 · 4:10 PM UTC

Lands' End Announces Second Quarter 2025 Results

Read more