Lands' End Q3 revenue down 12.5% to $324.7M; gross margin up 700 bps to 47.0%

LANDS' END, INC.

2023-Q3 EPS reported -$3.80 revenue$957,656,000

Net revenue $324.7M (-12.5% YoY); gross margin improved 700 bps to 47.0% on better inventory management and less clearance sales.
Net loss $112.4M ($3.52 per share) includes $106.7M non-cash goodwill impairment; adjusted net loss $0.11 per share.
Adjusted EBITDA $17.3M vs $16.7M a year ago; Q4 outlook: rev $490-520M, adj. EBITDA $27.5-31.5M, adj. EPS $0.25-0.34.
Inventory down 25% YoY to $422.2M; operating cash flow improved to $36.7M from -$126.0M in the prior year period.
Launched exclusive women's swim at Target; licensed Kids categories (excl. school uniforms) starting fiscal 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LANDS' END, INC. reported the third quarter ended October 27, 2023 results: revenue $324.7 million, net income $112.4 million, EPS ($3.52) per diluted share.

Period: the third quarter ended October 27, 2023
Revenue: $324.7 million
Net income: $112.4 million
EPS: ($3.52) per diluted share
Result: reported results

Exact text from the filing

to drive profitable sales through the holiday season to finish the year strong.” Third Quarter Financial Highlights • For the third quarter, net revenue decreased 12.5% to $324.7 million compared to $371.0 million in the third quarter of fiscal 2022. • Global eCommerce net revenue was $216.4 million, a decrease of 13.2% from $249.2 million in the third quarter of

View on SEC.gov

Browse all earnings releases →

LANDS' END, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-067932

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.