secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2024-12-05T23:59:59+00:00
Accession:  0000950170-24-133521
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lands' End Q3: gross margin up 360bps to 50.6%, adj EBITDA $20.3M, guides Q4 rev $440-480M
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- Net revenue $318.6M (-1.9% YoY); gross profit $161.1M (+5.6%) on lower promotions and supply chain savings.
- Net loss $0.6M ($0.02/share) vs prior-year net loss of $112.4M (incl. $106.7M goodwill impairment).
- Adjusted EBITDA $20.3M vs $17.3M YoY; adjusted EPS $0.06 vs -$0.11 YoY.
- Inventory down 20% YoY to $335.9M; new customer acquisition up >20% in Q3.
- Q4 guidance: rev $440-480M, adj EBITDA $43-47M; FY2024 rev $1.36-1.40B, adj EBITDA $92-96M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000095017024133521/0000950170-24-133521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000095017024133521/le-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-133521

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