Every 10-Q that Lands End Inc (LE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LE filings page.
Lands’ End, Inc. (LE) reported modestly higher second‑quarter net revenue of $302.0 million for the 13 weeks ended July 31, 2026, compared with $294.1 million a year earlier, and net income of $3.5 million versus a net loss of $3.7 million. Year‑to‑date net revenue was $541.0 million, down slightly from $555.3 million, but net income swung sharply to $334.1 million from a loss of $11.9 million, driven primarily by a $491.6 million gain on the WHP Global intellectual‑property joint venture transaction.
Under this WHP Transaction, Lands’ End contributed its brand IP to a new joint venture and sold a 50% stake to WHP Global for $300 million in cash, now accounted for as an equity method investment with a reported carrying value of $377.6 million. The company entered a long‑term, royalty‑bearing license with the JV that includes a guaranteed minimum royalty of $50 million per year, escalating over time. WHP Global also completed a $100 million tender offer for Lands’ End shares and now owns about 7.2% of the common stock.
Lands’ End used the JV proceeds to fully repay its $234.0 million term loan on April 1, 2026, eliminating long‑term debt; it ended the quarter with only $60.0 million outstanding on its ABL facility and total stockholders’ equity of $492.9 million. Operating cash flow for the first half was a use of $86.5 million, while investing activities provided $274.8 million mainly from the WHP proceeds and financing used $190.7 million, including debt repayment and $10.8 million of share repurchases under a new $100 million authorization. The company also recorded $35.0 million in restructuring and strategic‑alternative costs year‑to‑date and remains affected by macroeconomic pressures on consumer spending and input costs.
Lands’ End reported a transformational quarter driven by a major brand transaction rather than core operations. Net revenue for the 13 weeks ended May 1, 2026 fell to $238.9 million from $261.2 million, as a new warehouse management system rollout temporarily disrupted shipments and U.S. Digital sales declined. Gross margin slipped to 46.7% from 50.8%, pressured by distribution disruptions, a new royalty structure and tariff headwinds, while selling and administrative expenses rose, leading to an operating loss of $44.1 million.
The company closed its strategic joint venture with WHP Global, contributing its Lands’ End intellectual property to a new entity and selling a 50% stake for $300 million, generating a $491.6 million gain and recording tax expense of $122.2 million. WHP Global also completed a $100 million tender offer for Lands’ End shares. Lands’ End used the proceeds to fully repay its $234.0 million term loan, eliminating long-term debt but booking a $9.2 million loss on extinguishment. Reported net income reached $330.7 million (diluted EPS $10.56), while Adjusted EBITDA was a loss of $6.2 million, reflecting weak underlying profitability.
Lands' End, Inc. (LE) 10-Q excerpts detail the companys financing, compensation and segment reporting policies rather than specific earnings amounts. The company maintains a $225.0 million committed revolving ABL Facility (reduced from $275.0 million) tied to a borrowing base of eligible inventory and receivables and subject to SOFR or a Base Rate plus an Applicable Borrowing Margin that varies with average outstanding borrowings. A Term Loan Facility bears Term Loan Adjusted SOFR (or alternative base rate) plus a margin based on net leverage, with stepped prepayment premiums through December 2027. Management discloses stock-based compensation practices for Deferred, Performance and Option Awards and a board-authorized 2024 Share Repurchase Program with $8.8 million capacity remaining as of August 1, 2025. The company is assessing ASU 2024-03 and discloses certain one-time items (restructuring, exit costs, impairments) that affected comparability.