secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000950170-23-067932
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000095017023067932/0000950170-23-067932-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000095017023067932/le-20231205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-067932

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer