Lands' End Q4 gross margin up 550 bps; guides FY2024 adjusted EBITDA $84-96M

LANDS' END, INC.

2023-FY EPS reported -$4.09 revenue$1,293,178,000

Q4 net revenue $514.9M (-2.8% YoY); gross profit +13.5% to $195.4M; gross margin 38.0% (vs 32.5%).
Full-year net loss $130.7M includes $106.7M goodwill impairment; adjusted net loss $4.8M.
Inventory reduced 29.1% YoY to $301.7M; operating cash flow $130.6M vs -$36.4M prior year.
FY2024 guidance: net revenue $1.33-1.45B; adjusted EBITDA $84-96M; board authorized $25M share repurchase.

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 0.9

LANDS' END, INC. reported financial results for its fourth quarter and fiscal year ended February 2, 2024.

Period: its fourth quarter and fiscal year ended February 2, 2024
Result: reported results

Exact text from the filing

On March 27, 2024, Lands’ End, Inc. (the “Company”) announced its financial results for its fourth quarter and fiscal year ended February 2, 2024. A copy of the Company’s press release containing this information is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000950170-24-036806

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