secwatch.observer — SEC 8-K summary
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Issuer:     LANDS' END, INC. (LE)
CIK:        0000799288
Form:       8-K
Filed at:   2026-06-09T10:48:46+00:00
Accession:  0001193125-26-262940
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799288/000119312526262940/0001193125-26-262940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799288/000119312526262940/le-20260609.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-262940

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