Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 second-quarter 2026 net revenue of $302.0 million, up 2.7% from $294.1 million a year earlier, driven mainly by U.S. eCommerce and Outfitters, while Third Party revenue declined. Gross profit rose to $157.0 million, with gross margin expanding to 52.0% from 48.8%, largely due to IEEPA tariff refunds, partly offset by JV royalties and warehouse system costs.
Selling and administrative expense increased to $135.3 million or 44.8% of revenue, reflecting higher digital marketing and warehouse inefficiencies. The company generated net income of $3.5 million (diluted EPS $0.11) versus a $3.7 million loss last year, while Adjusted EBITDA fell 25% to $11.3 million. Year-to-date, net income of $334.1 million is dominated by a large gain on the WHP Global transaction; on an adjusted basis the business is near breakeven and Adjusted EBITDA is $5.1 million.
Lands’ End used $86.5 million of operating cash in the first 26 weeks, increased inventories by 13% year over year, repaid its term loan using $300 million of WHP proceeds, and ended the quarter with $60.0 million outstanding under its ABL Facility. The company repurchased $10.5 million of stock, about 3% of shares, and guides third-quarter revenue of $300–330 million and fiscal 2026 revenue of $1.30–1.35 billion, with full-year Adjusted EBITDA expected between $62–70 million.
Lands’ End, Inc. reported that on July 9, 2026, Peter L. Gray resigned, effective immediately, as President, Lands’ End Licensing and as Chief Administrative Officer and General Counsel of Lands’ End, Inc.
He also resigned from any positions he held at the company’s subsidiaries.
Lands’ End, Inc. announced a leadership change, appointing Charlie Cole as Chief Executive Officer and a member of the Board, effective July 13, 2026, while Andrew McLean will step down from both roles on the same date. Cole brings more than two decades of experience across digital commerce, technology, artificial intelligence and omnichannel retail, with prior leadership roles at Thuma, XGen AI, Tribute Technology, FTD, TUMI and Samsonite.
Cole’s employment terms include a $1,100,000 annual base salary, an annual bonus target equal to 125% of base salary, and a $550,000 cash signing bonus, subject to repayment if he departs under specified circumstances before January 31, 2027. He will receive sign-on restricted stock units and stock options, each with a grant date value of $1,250,000, vesting over three years, and an annual long-term incentive target of at least $3,025,000 beginning in fiscal 2027. A severance agreement provides salary-and-bonus-based severance multiples, continued health coverage, and outplacement services upon certain terminations, along with non-competition, non-solicitation, non-disparagement and confidentiality covenants.
McLean will remain as a non-officer employee through up to September 11, 2026 and, upon termination and release of claims, will be eligible for severance benefits based on his existing executive severance agreement, including a pro rata bonus, cash severance, continued health coverage and partial accelerated vesting of certain equity and performance awards.
Lands’ End reported first quarter fiscal 2026 results and detailed the impact of its WHP Global joint venture. Net revenue fell to $238.9 million from $261.2 million, mainly due to temporary disruption from a new U.S. warehouse management system and paced shipments, though management believes underlying demand remains healthy, with double-digit consumer traffic and strong Europe growth.
Gross margin declined to 46.7% and Adjusted EBITDA swung to a loss of $(6.2) million, reflecting distribution issues, new JV royalty costs and tariffs. However, a large non‑cash gain on the WHP transaction drove reported net income of $330.7 million or $10.56 diluted EPS. The company used most of the $300 million WHP cash proceeds to fully repay its term loan, leaving only $30 million drawn on its ABL facility and strengthening the balance sheet.
Lands’ End reaffirmed a strategy built on its high‑margin brand JV, digital and B2B growth, and a share repurchase program authorizing up to $100 million through March 2029. For fiscal 2026, it projects net revenue of $1.30–$1.40 billion, GAAP net income of $310–$320 million, Adjusted net income of $10–$20 million, and Adjusted EBITDA of $68–$78 million, highlighting the structural shift from operating earnings to JV‑driven economics.
Lands’ End, Inc. held its 2026 Annual Meeting of Stockholders on May 7, 2026. Stockholders elected seven directors — Robert Galvin, Gordon Hartogensis, Elizabeth Leykum, Josephine Linden, John T. McClain, Andrew J. McLean and Alicia Parker — each to serve until the 2027 annual meeting or earlier departure.
Stockholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 24,068,089 votes for, 155,243 against, 55,950 abstentions and 692,044 broker non-votes. In addition, they ratified Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2026 with 24,964,394 votes for, 4,838 against and 2,094 abstentions.
Lands’ End, Inc. announced that its Board of Directors authorized a share repurchase program for up to $100 million of common stock from April 1, 2026 through March 31, 2029. Purchases may occur in the open market, through privately negotiated transactions or other methods consistent with Rule 10b-18 and may also be executed under a Rule 10b5-1 trading plan.
The company expects to fund repurchases using existing cash, cash from operations, distributions from its intellectual property joint venture with WHP Global, borrowings under its asset-based senior secured credit facility, or a combination of these sources. A prior program, which expired March 31, 2026, saw 1.26 million shares repurchased for $16.0 million beginning in April 2024. The new authorization may be suspended or discontinued at any time.
Lands’ End, Inc. has closed a major joint venture with WHP Global, contributing all intellectual property related to the Lands’ End brand into a new entity and selling a 50% controlling stake for $300 million in cash. The company retains 50% of LE Topco’s Class A units while WHP controls board decisions.
Most of the proceeds were used to fully repay $234 million of term loan debt, sharply cutting interest expense and strengthening the balance sheet. A long-term License Agreement lets Lands’ End continue designing and selling core products under an exclusive, royalty-bearing license with a guaranteed minimum royalty of $50,000,000 per year for the first 11 contract years.
Separately, WHP completed a tender offer, purchasing 2,222,222 Lands’ End shares at $45.00 per share, totaling roughly $100 million and representing about 7.2% of outstanding common stock. New governance, cash distribution rules and potential future exchange of the JV stake into WHP Topco equity create additional, but conditional, value pathways alongside detailed risk factors.
Lands’ End reported fourth quarter fiscal 2025 net revenue of $462.4M, up 4.7% year over year, with gross merchandise value growing mid-single digits. Segment strength came from U.S. eCommerce, Outfitters, Third Party and Europe, while Licensing and Retail declined as wholesale accounts shifted to licensing.
Fourth quarter net income was $12.3M, or $0.40 per diluted share, down from $0.59, but adjusted diluted earnings rose to $0.76 from $0.57. For fiscal 2025, net revenue was $1.34B, down 2.0%, yet gross margin improved 80 basis points to 48.7%. Adjusted EBITDA increased to $102.3M from $92.6M, and adjusted net income more than doubled to $26.8M.
The company announced a $300M joint venture with WHP Global, contributing Lands’ End intellectual property in exchange for cash and a 50% JV stake. Management plans to use proceeds to fully repay approximately $234M of term loan debt. WHP Global also launched a tender offer for up to $100M of Lands’ End shares at $45.00 per share, potentially owning about 7% of the company after completion.
Lands’ End, Inc. approved special transaction success bonuses for three senior executives in connection with its previously announced transaction with Topco, L.P. (d/b/a WHP Global). CEO Andrew J. McLean will receive a bonus equal to two times his annual base salary, while Bernard McCracken and Peter L. Gray will each receive bonuses equal to 1.5 times their annual base salaries.
The bonuses are contingent on the transaction closing. If it closes, 50% will be paid at closing, 25% on the one-year anniversary of closing, and 25% on December 31, 2027, subject to each executive’s continued employment. If an executive is terminated without “cause” or resigns for “good reason” under their severance agreements, unpaid amounts become payable earlier.
Lands’ End, Inc. agreed to sell 50% of a new subsidiary holding the “Lands’ End” brand and related intellectual property to WHP for $300 million in cash and form a 50/50 joint venture that WHP will control at the board level. The company plans to use the cash proceeds primarily to repay its outstanding term loan, while continuing to operate its core business under a long-term, royalty-bearing license.
WHP also plans a tender offer to buy up to 2,222,222 Lands’ End shares at $45.00 per share, for up to about $100 million, which would give WHP up to roughly 7% of the company’s stock. Under a new license agreement, Lands’ End will pay guaranteed minimum royalties of $50,000,000 per year, with scheduled increases over time, and can share in upside if IPCo’s total royalty income exceeds certain thresholds.
Lands’ End, Inc. entered into a definitive agreement with WH Topco (WHP Global) to monetize its “Lands’ End” brand through a new IP company. Lands’ End and a subsidiary will contribute all brand-related intellectual property and licensing assets to a new subsidiary, then sell a 50% controlling equity interest in that entity to a WH Topco subsidiary for $300 million in cash, which Lands’ End plans to use in part to repay its outstanding term loan.
A WH Topco affiliate will also launch a tender offer to buy up to approximately $100 million of Lands’ End common stock at $45.00 per share, after which it is expected to own up to about 7% of the shares. Lands’ End will receive a long-term, royalty-bearing license to keep operating its current business, with minimum royalties of $50,000,000 per year through contract year 11, increasing 1% annually in years 12–21 and to $55,231,106 per year thereafter. The filing outlines extensive risks that the transactions may be delayed, not completed, or may not deliver the anticipated strategic and financial benefits.
Lands’ End, Inc. filed a current report to notify investors that it has released financial results for its second quarter ended August 1, 2025. The company announced these results on September 9, 2025 and furnished a detailed press release as an exhibit to the report. The press release with the quarter’s figures and commentary is incorporated by reference into this report but is designated as “furnished” rather than “filed,” which limits how it is treated under certain securities laws.