LE

MKT CAP:$355M

Lands' End, Inc.

Market Cap

$355M

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NASDAQ

Consumer Cyc.·Specialty Retail·🇺🇸·NASDAQ

Stock Price

$11.65-$2.94 (-20.12%)

Apr 24, 2026

Company Details

Lands' End, Inc. operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce,...

CEO

Andrew J. McLean

IPO Date

Mar 20, 2014

Website

www.landsend.com

Key Metrics TTM

Revenue

$1.3B

-2.0% YoY

Net Income

$6M

EPS (Diluted)

$0.18

Free Cash Flow

$111M

Revenue / Share

$43.14

Gross Margin

46.4%

Operating Margin

3.9%

Net Margin

0.4%

FCF Margin

8.3%

P/S

0.3x

P/E

64.5x

Earnings Reports

FY 2025

Mar 26, 2026

$1.3B-2.0%EPS $0.18

Q4 2025

Mar 26, 2026

$462M+4.7%EPS $0.40

Q3 2025

Dec 9, 2025

$317M-0.4%EPS $0.17

Q2 2025

Sep 9, 2025

$294M-7.3%EPS -$0.12

Q1 2025

Jun 5, 2025

$261M-8.5%EPS -$0.27

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$304M	$129M	$4M
Q2 22	$351M	$134M	$6M
Q3 22	$371M	$148M	$3M
Q4 22	$530M	$172M	$13M
Q1 23	$310M	$138M	$10M
Q2 23	$323M	$140M	$6M
Q3 23	$325M	$153M	-$101M
Q4 23	$515M	$185M	$8M
Q1 24	$285M	$139M	$2M
Q2 24	$317M	$152M	$2M
Q3 24	$319M	$161M	$9M
Q4 24	$442M	$201M	$37M
Q1 25	$261M	$133M	-$2M
Q2 25	$294M	$143M	$4M
Q3 25	$317M	$157M	$18M
Q4 25	$462M	$187M	$33M

Valuation

Quarter	P/S	P/E
Q1 22	0.3x	17.1x
Q2 22	0.3x	44.2x
Q3 22	0.2x	—
Q4 22	0.2x	—
Q1 23	0.1x	—
Q2 23	0.2x	—
Q3 23	0.1x	—
Q4 23	0.2x	—
Q1 24	0.3x	—
Q2 24	0.3x	—
Q3 24	0.4x	—
Q4 24	0.3x	60.2x
Q1 25	0.2x	57.5x
Q2 25	0.3x	65.2x
Q3 25	0.4x	40.1x
Q4 25	0.4x	99.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$5M	-$3M
Q3 22	-$8M	-$14M
Q4 22	$90M	$78M
Q1 23	-$11M	-$23M
Q2 23	$66M	$55M
Q3 23	-$18M	-$24M
Q4 23	$94M	$88M
Q1 24	-$26M	-$33M
Q2 24	$31M	$26M
Q3 24	-$17M	-$28M
Q4 24	$65M	$50M
Q1 25	-$22M	-$31M
Q2 25	$23M	$14M
Q3 25	-$16M	-$22M
Q4 25	$65M	$60M
Q4 25	$65M	$60M

Capital Expenditures

Quarter	CapEx
Q2 22	$8M
Q3 22	$6M
Q4 22	$11M
Q1 23	$12M
Q2 23	$10M
Q3 23	$6M
Q4 23	$6M
Q1 24	$7M
Q2 24	$5M
Q3 24	$11M
Q4 24	$16M
Q1 25	$8M
Q2 25	$9M
Q3 25	$7M
Q4 25	$5M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-5.5%	-3.1%
Q2 22	-8.6%	-2.0%
Q3 22	-1.3%	+3.3%
Q4 22	-4.6%	-3.9%
Q1 23	+1.9%	-0.0%
Q2 23	-7.9%	-8.1%
Q3 23	-12.5%	+15.7%
Q4 23	-2.8%	-2.0%
Q1 24	-7.8%	-5.5%
Q2 24	-1.9%	-0.9%
Q3 24	-1.9%	-27.4%
Q4 24	-14.2%	-20.1%
Q1 25	-8.5%	-6.9%
Q2 25	-7.3%	-7.8%
Q3 25	-0.4%	-3.3%
Q4 25	+4.7%	+6.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$2M	0.5%
Q3 22	$134.0K	0.0%
Q4 22	$216.0K	0.0%
Q1 23	$1M	0.3%
Q2 23	$810.0K	0.3%
Q3 23	$2M	0.5%
Q4 23	$208.0K	0.0%
Q1 24	$1M	0.4%
Q2 24	$1M	0.5%
Q3 24	$1M	0.5%
Q4 24	$762.0K	0.2%
Q1 25	$920.0K	0.4%
Q2 25	$1M	0.5%
Q3 25	$2M	0.5%
Q4 25	$0	0.0%
Q4 25	$0	—

OpEx Breakdown

Quarter	S&M	SG&A
Q1 22	—	$116M
Q2 22	—	$129M
Q3 22	—	$133M
Q4 22	—	$150M
Q1 23	—	$119M
Q2 23	—	$124M
Q3 23	—	$135M
Q4 23	$201M	—
Q1 24	—	$127M
Q2 24	—	$136M
Q3 24	—	$141M
Q4 24	—	$158M
Q1 25	—	$123M

Revenue Segments

Quarter	Business Outfitters Revenue	International	Retail	Third Party	U Se Commerce	Europe eCommerce	Licensing and Retail
Q1 22	$54M	$44M	$9M	$22M	$175M	—	—
Q2 22	$71M	$36M	$14M	$27M	$203M	—	—
Q3 22	$81M	$38M	$10M	$31M	$211M	—	—
Q1 23	$74M	$25M	$10M	$23M	$178M	—	—
Q2 23	$68M	$23M	$12M	$24M	$196M	—	—
Q3 23	$74M	$26M	$10M	$24M	$190M	—	—
Q1 24	$43M	$25M	$10M	$37M	$171M	—	—
Q2 24	$63M	$23M	$13M	$30M	$188M	—	—
Q3 24	$73M	$25M	$9M	$26M	$186M	—	—
Q2 25	$66M	—	—	$22M	$167M	$20M	$19M
Q3 25	$79M	—	—	$19M	$180M	$20M	$20M

Revenue by Geography

Quarter	Asia	Europe	Other Geographical Location	United States
Q1 22	$9M	$36M	$4M	$255M
Q2 22	$8M	$29M	$4M	$310M
Q3 22	$10M	$29M	$5M	$328M
Q1 23	$157.0K	$26M	$3M	$280M
Q2 23	$129.0K	$23M	$3M	$297M
Q3 23	$119.0K	$27M	$4M	$294M
Q1 24	—	$25M	$3M	$258M
Q2 24	—	$23M	$3M	$291M
Q3 24	—	$26M	$4M	$289M
Q4 24	—	$31M	—	$407M
Q2 25	—	$20M	$2M	$272M
Q3 25	—	$20M	$3M	$294M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$22M	$0	$22M
Q2 22	$26M	$0	$26M
Q3 22	$29M	$0	$29M
Q4 22	$40M	$0	$40M
Q1 23	$7M	$0	$7M
Q2 23	$27M	$0	$27M
Q3 23	$37M	$0	$37M
Q4 23	$25M	$0	$25M
Q1 24	$27M	$0	$27M
Q2 24	$26M	$0	$26M
Q3 24	$30M	$0	$30M
Q4 24	$16M	$0	$16M
Q1 25	$18M	$0	$18M
Q2 25	$21M	$0	$21M
Q3 25	$36M	$0	$36M
Q4 25	$18M	$0	$18M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	33M	-1.3%	-1.6%
Q2 22	33M	+0.6%	-1.0%
Q3 22	33M	-0.9%	-1.9%
Q4 22	33M	-0.7%	-2.2%
Q1 23	32M	-1.2%	-2.2%
Q2 23	32M	-1.0%	-3.7%
Q3 23	32M	-0.7%	-3.6%
Q4 23	31M	-1.2%	-4.1%
Q1 24	31M	-0.2%	-3.1%
Q2 24	31M	-0.2%	-2.3%
Q3 24	31M	-0.8%	-2.4%
Q4 24	31M	+0.5%	-0.6%
Q1 25	31M	-1.4%	-1.8%
Q2 25	31M	-0.4%	-2.0%
Q3 25	31M	+0.7%	-0.6%
Q4 25	31M	+0.0%	-1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$60.7K	5K
Q2 22	$70.2K	5K
Q3 22	$74.2K	5K
Q4 22	$105.9K	5K
Q1 23	$61.9K	5K
Q2 23	$64.7K	5K
Q3 23	$64.9K	5K
Q4 23	$103.0K	5K
Q1 24	$58.3K	5K
Q2 24	$64.7K	5K
Q3 24	$65.0K	5K
Q4 24	$100.4K	4K
Q1 25	$59.4K	4K
Q2 25	$66.8K	4K
Q3 25	$72.2K	4K
Q4 25	$118.6K	4K

Revenue / Employee