secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0000950170-24-036806
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000095017024036806/0000950170-24-036806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000095017024036806/le-20240327.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-036806

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