---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-067932"
form_type: "8-K"
ticker: "LE"
cik: "0000799288"
company_name: "LANDS' END, INC."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:24:18.028832+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-067932
- form_type: 8-K
- ticker: LE
- cik: 0000799288
- company_name: LANDS' END, INC.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799288/000095017023067932/0000950170-23-067932-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799288/000095017023067932/le-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-067932
- JSON: https://secwatch.observer/filing/0000950170-23-067932.json
- Plain text: https://secwatch.observer/filing/0000950170-23-067932.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/799288/000095017023067932/0000950170-23-067932-index.htm

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