Lands' End Q2 revenue up 2.7% to $302M; turns to net income of $3.5M

LANDS' END, INC.

Net revenue $302.0M (+2.7% YoY); U.S. eCommerce up 9.0% to $182.4M.
Gross margin 52.0% (+320 bps) on IEEPA tariff refunds; adjusted EBITDA $11.3M (-25% YoY).
Diluted EPS $0.11 vs -$0.12; adjusted EPS $0.09 vs -$0.04.
Repurchased $10.5M stock; $89.2M remaining under program through Mar 2029.
FY26 guidance: revenue $1.30-1.35B, adjusted EPS $0.44-0.72, adjusted EBITDA $62-70M.

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