Welcome to our dedicated page for Lands End news (Ticker: LE), a resource for investors and traders seeking the latest updates and insights on Lands End stock.
Lands’ End Inc (NASDAQ: LE) provides investors and stakeholders with centralized access to official company announcements and market-moving developments. This resource aggregates press releases, regulatory filings, and verified news covering financial performance, strategic initiatives, and operational updates.
Key features include quarterly earnings analysis, leadership changes, product launches, and supply chain developments. Users gain insights into the company’s multi-channel retail strategy, digital innovation efforts, and quality-focused brand management through primary source materials.
The curated collection serves as a reliable reference for tracking corporate milestones, financial health indicators, and competitive positioning within the apparel retail sector. Content is organized chronologically with clear sourcing to ensure transparency and compliance with financial disclosure standards.
Bookmark this page for real-time updates on LE’s operational decisions, partnership announcements, and market responses. Combine this resource with Stock Titan’s analysis tools for comprehensive investment research.
Lands' End (NASDAQ: LE) reported strong Q4 and full-year fiscal 2024 results, marking significant improvements in profitability. Q4 highlights include a 760 basis point increase in gross margin to 45.6% and net income of $18.5 million ($0.59 per share), compared to a net loss in the previous year.
Q4 net revenue was $441.7 million, down 14.2% year-over-year, primarily due to transitioning kids and footwear lines to licensing arrangements. Full-year fiscal 2024 saw net revenue of $1.36 billion with a gross margin improvement of 550 basis points to 47.9%. The company achieved its eighth consecutive quarter of inventory reduction, down 12% year-over-year.
For fiscal 2025, Lands' End projects net revenue between $1.33-1.45 billion, with expected net income of $8.0-20.0 million. The company maintains strong liquidity with no borrowings outstanding and $129.3 million available under its ABL Facility as of January 31, 2025.
Lands' End (NASDAQ: LE) has announced that its Board of Directors has initiated a strategic review process to maximize shareholder value, including exploring potential options such as a sale, merger or similar transaction.
Board Chair Josephine Linden stated that while the company remains confident in its future value creation potential, they believe the market is currently undervaluing the classic American lifestyle brand and its upside potential. The Board has engaged Perella Weinberg Partners as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor for this process.
The company has indicated it will not provide further public comments regarding the process until deemed appropriate, and no assurances have been given regarding the outcome or timing of this strategic review.
Lands' End (NASDAQ: LE) has scheduled its fourth quarter and fiscal 2024 earnings conference call for Thursday, March 20, 2025, at 8:30 a.m. Eastern Time. The company will release its financial results prior to the call.
Investors can access the live conference call through the company's investor relations website at http://investors.landsend.com/ in the Events and Presentations section. An archived version of the broadcast will be made available at approximately noon on the same day through the same website section.
Lands' End (NASDAQ: LE) has confirmed receiving a letter from Edward S. Lampert requesting the company to initiate a strategic sale process to maximize shareholder value. Josephine Linden, Chair of the Board, acknowledged that the company welcomes shareholder viewpoints on value maximization and confirmed that the Board is reviewing the letter and its suggestions.
The company has retained Perella Weinberg Partners as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor in this matter.
Lands' End (NASDAQ: LE) announced its participation in the 27th Annual ICR Conference at Grande Lakes Orlando, FL, on January 14, 2025. CEO Andrew McLean and CFO Bernie McCracken will engage in a fireside chat presentation at 1:30 PM Eastern Time. The presentation will be accessible via live audio webcast at http://investors.landsend.com, with the recording available for 90 days following the event.
Lands' End (NASDAQ: LE) reported Q3 2024 financial results with mixed performance. Net revenue decreased to $318.6 million from $324.7 million year-over-year, while gross profit increased 5.6% to $161.1 million. The company achieved a significant gross margin improvement of 360 basis points to 50.6%.
Notable highlights include a 20% increase in new customer acquisition and a 20% reduction in inventory levels. The company reported a net loss of $0.6 million ($0.02 per share), compared to a net loss of $112.4 million in Q3 2023. For Q4 2024, Lands' End expects net revenue between $440.0-$480.0 million and net income between $18.0-$21.0 million.
Lands' End (NASDAQ: LE) announced it will host a conference call on December 5, 2024, at 8:30 a.m. Eastern Time to discuss its third quarter 2024 financial results. The company will release its financial results before the call. Investors can access the live broadcast through the company's investor relations website, with an online archive available at approximately noon on the same day.
Lands' End (NASDAQ: LE) reported robust second quarter 2024 results, showcasing the success of its solutions-based strategy. Despite a slight decrease in net revenue to $317.2 million, the company achieved significant improvements in profitability. Highlights include:
- Gross margin increased by 470 basis points to 47.9%
- Gross Merchandise Value (GMV) grew mid-single digits
- Inventory reduced by 21% year-over-year
- Adjusted EBITDA improved to $17.1 million
The company raised its full-year profit guidance, expecting net income between $5.0 million and $11.0 million, and Adjusted EBITDA in the range of $90.0 million to $98.0 million for fiscal 2024.
Lands' End (NASDAQ: LE) has announced its upcoming second quarter 2024 earnings conference call, scheduled for Thursday, September 5, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results prior to the call. Investors and interested parties can access the live broadcast of the conference call on Lands' End's investor relations website in the Events and Presentations section.
An online archive of the broadcast will be made available at approximately noon on the same day, accessible through the company's investor relations website. This event provides an opportunity for stakeholders to gain insights into Lands' End's financial performance and future outlook for the second quarter of 2024.
Lands’ End (NASDAQ: LE) announced its Q1 2024 financial results, revealing a mixed performance. The company reported a 7.8% decrease in net revenue to $285.5 million, influenced by the end of the Delta Air Lines contract. Excluding this impact, net revenue increased by 1%. Gross Merchandise Value (GMV) rose by low single digits, while gross profit grew 0.8% to $139.0 million, with gross margin improving by 410 basis points to 48.7%. However, the net loss widened to $6.4 million ($0.20 per diluted share) from $1.7 million ($0.05 per diluted share) in Q1 2023. Adjusted EBITDA fell to $11.6 million from $19.5 million in the same period last year. The company highlighted a 62.9% increase in third-party net revenue, driven by licensing arrangements. Inventory efficiency improved with a 23% year-over-year reduction. Looking ahead, Lands' End expects Q2 2024 net revenue to be between $290.0 million and $320.0 million.
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