Lands’ End (NASDAQ:LE) Posts Quarterly Earnings Results, Meets Expectations

Lands’ End (NASDAQ:LE) issued its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09, FiscalAI reports. The firm had revenue of $302.04 million for the quarter, compared to analysts’ expectations of $300.67 million. Lands’ End had a return on equity of 8.98% and a net margin of 26.62%. 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

NASDAQ LE opened at $10.94 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. Lands’ End has a fifty-two week low of $9.56 and a fifty-two week high of $20.04. The business has a fifty day moving average of $11.92 and a 200-day moving average of $12.50. The stock has a market cap of $336.31 million, a price-to-earnings ratio of 0.97 and a beta of 2.32.

Institutional Trading of Lands’ End

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LE. Bridgeway Capital Management LLC boosted its stake in shares of Lands’ End by 20.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 118,651 shares of the company’s stock worth $1,271,000 after purchasing an additional 20,394 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Lands’ End by 72.2% in the second quarter. Federated Hermes Inc. now owns 114,398 shares of the company’s stock valued at $1,225,000 after buying an additional 47,955 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Lands’ End by 8.6% during the first quarter. Empowered Funds LLC now owns 70,257 shares of the company’s stock valued at $715,000 after buying an additional 5,543 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Lands’ End by 27.4% during the second quarter. Ameriprise Financial Inc. now owns 36,670 shares of the company’s stock valued at $393,000 after buying an additional 7,895 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Lands’ End by 6.7% during the second quarter. Hsbc Holdings PLC now owns 32,310 shares of the company’s stock worth $350,000 after acquiring an additional 2,032 shares during the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings raised Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Noble Financial initiated 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. Finally, Wall Street Zen cut shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Key Headlines Impacting Lands’ End

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

• Positive Sentiment: Second-quarter revenue was $302.0 million, ahead of the approximately $300.7 million consensus estimate. EPS was $0.09, in line with some estimates, and markedly better than the $0.06 loss reported a year earlier. Lands’ End Announces Second Quarter Fiscal 2026 Results
• Positive Sentiment: The company’s turnaround includes cost reductions, a major intellectual-property monetization transaction and debt repayment. Its balance sheet is now comparatively lean, which could support future cash flow and reduce financial risk. Lands’ End Has Promise, But Execution Is Key
• Neutral Sentiment: Reported net margin was 26.24% and return on equity was 8.22%, although investors may focus more closely on adjusted profitability and operating trends as the turnaround progresses. Lands’ End Earnings Results
• Negative Sentiment: Third-quarter EPS guidance of $0.07–$0.20 is below the $0.23 analyst consensus, while revenue guidance of $300–$330 million includes a midpoint below expectations. Full-year EPS guidance of $0.44–$0.72 also trails the $0.83 consensus, signaling weaker expected profitability. Lands’ End Falls After Revenue Guidance Arrives Below Expectations
• Negative Sentiment: Some estimates place quarterly EPS slightly above the reported $0.09, and analysts noted that adjusted EPS and EBITDA outlook trends were disappointing. The results therefore show progress, but execution and sustained margin improvement remain unproven. Lands’ End Q2 Earnings Analysis

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.