---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-069064"
form_type: "8-K"
ticker: "LE"
cik: "0000799288"
company_name: "LANDS' END, INC."
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:23:52.396264+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lands' End Q1 net revenue down 7.8% to $285.5M; gross margin expands 410 bps to 48.7%

## Summary
- Net loss of $6.4M ($0.20 loss per share) vs loss of $1.7M ($0.05) a year ago; adjusted net loss $6.2M.
- Global eCommerce revenue fell 3.7% to $195.5M; Outfitters revenue down 42.3% to $42.7M on Delta Air Lines contract end.
- Gross margin improved to 48.7% from 44.6% on lower promotions and supply chain gains; inventory down 23% YoY.
- Adjusted EBITDA $11.6M vs $19.5M; excluding Delta Air Lines, adjusted EBITDA up 68.1%.
- Q2 FY2024 guidance: revenue $290-320M, adjusted EBITDA $14-17M; full-year adjusted EBITDA $88-97M.

## SEC filing metadata
- accession: 0000950170-24-069064
- form_type: 8-K
- ticker: LE
- cik: 0000799288
- company_name: LANDS' END, INC.
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799288/000095017024069064/0000950170-24-069064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799288/000095017024069064/le-20240327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-069064
- JSON: https://secwatch.observer/filing/0000950170-24-069064.json
- Plain text: https://secwatch.observer/filing/0000950170-24-069064.txt

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