Lands' End Q1 revenue $239M (-8.5% YoY) as DC disruption hits; net income $330.7M on WHP Global JV

LANDS' END, INC.

Net revenue $238.9M vs $261.2M YoY; temporary warehouse system disruption estimated to have caused low-single-digit growth absent impact.
Net income $330.7M ($10.56 diluted EPS) vs loss of $8.3M, primarily from WHP Global transaction; adjusted net loss improved to $3.5M.
Fully repaid term loan with $300M from WHP JV; $30M drawn on ABL; $99.7M remaining under $100M share buyback program through 2029.
FY2026 guidance: revenue $1.30-1.40B, adjusted EBITDA $68-78M; Q2 revenue $290-310M, adjusted EPS $0.06-0.16.
Europe eCommerce revenue up 14.5% to $20.5M; gross margin down 410bps to 46.7% due to disruption, tariffs, and new royalty structure.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LANDS' END, INC. reported first quarter ended May 1, 2026 results: revenue $238.9 million, net income $330.7 million, EPS $10.56 earnings per diluted share.

Period: first quarter ended May 1, 2026
Revenue: $238.9 million
Net income: $330.7 million
EPS: $10.56 earnings per diluted share
Result: reported results

Exact text from the filing

we are committed to building on our successes and focused on delivering on the potential in this great American company.” First Quarter Financial Highlights • Net revenue was $238.9 million for the first quarter of 2026, a decrease of $22.3 million or 8.5% from $261.2 million during the first quarter of 2025. The decrease in revenue was driven primarily by the

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Source: SEC EDGAR

accession 0001193125-26-262940

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