---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-045602"
form_type: "8-K"
ticker: "LE"
cik: "0000799288"
company_name: "LANDS' END, INC."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:40:20.962235+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lands' End Q2 net loss widens to $8M; gross margin +220bps, inventory -30% YoY

## Summary
- Net revenue of $323.3M, down 7.9% YoY; net loss of $8.0M ($0.25 loss per diluted share) vs. $2.2M loss a year ago.
- Gross margin improved 220 bps to 43.2% on strong swim and adjacent categories, reduced markdowns, and better supply chain costs.
- Inventories down 30.4% to $396.1M; operating cash flow improved $172M to positive $54.8M vs. ($117.5M) prior year.
- Q3 guidance: revenue $340-355M, net loss $6.5-4.0M, adjusted EBITDA $13-16M. FY2023 revenue $1.50-1.55B, adjusted EBITDA $77-84M.
- Repurchased $3.0M of stock; $34.8M remaining under buyback program through Feb 2024.

## SEC filing metadata
- accession: 0000950170-23-045602
- form_type: 8-K
- ticker: LE
- cik: 0000799288
- company_name: LANDS' END, INC.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799288/000095017023045602/0000950170-23-045602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799288/000095017023045602/le-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-045602
- JSON: https://secwatch.observer/filing/0000950170-23-045602.json
- Plain text: https://secwatch.observer/filing/0000950170-23-045602.txt

## Key facts
- Earnings Releases
  LANDS' END, INC. reported second quarter ended July 28, 2023 results: revenue $323.3 million, net income Net loss of $8.0 million, or $0.25 loss per diluted share, EPS $0.25 loss per diluted share.
  - Period: second quarter ended July 28, 2023
  - Revenue: $323.3 million
  - Net income: Net loss of $8.0 million, or $0.25 loss per diluted share
  - EPS: $0.25 loss per diluted share
  - Result: reported results
  source text: prioritizing profitable demand and creating long-term shareholder value.” Second Quarter Financial Highlights • For the second quarter, net revenue decreased 7.9% to $323.3 million compared to $351.2 million in the second quarter of fiscal 2022. • Global eCommerce net revenue was $218.7 million, a decrease of 8.7% from $239.7 million in the second quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/799288/000095017023045602/0000950170-23-045602-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.