earnings
confidence high
sentiment positive
materiality 0.70
Lands' End Q1 net revenue up 1.9% to $309.6M; raises FY2023 outlook
LANDS' END, INC.
2023-Q1 EPS reported
-$0.05
revenue$309,558,000
- Net loss improved to $1.7M ($0.05 loss per diluted share) vs $2.4M loss in prior year.
- Adjusted EBITDA increased 41.3% to $19.5M from $13.8M.
- Outfitters revenue surged 37.1% to $74.0M, driven by $18.3M inventory sale to Delta Air Lines.
- Global eCommerce revenue fell 7.3% to $203.1M; International eCommerce down 42.5% due to Japan exit and Europe weakness.
- Raises FY2023 revenue guidance to $1.56-1.62B and Adjusted EBITDA to $75-84M; Q2 revenue expected $320-335M.