---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-038730"
form_type: "8-K"
ticker: "LE"
cik: "0000799288"
company_name: "LANDS' END, INC."
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:19:22.265150+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lands' End Q3 net loss $4.7M vs prior-year profit; lowers FY2022 guidance

## Summary
- Net revenue fell 1.3% YoY to $371.0M; net loss of $4.7M ($0.14 loss per diluted share) vs net income of $7.4M ($0.22) in Q3 2021.
- Gross margin contracted ~440 bps to 40.0%, driven by $6.8M incremental transportation costs and higher promotional activity.
- Adjusted EBITDA dropped to $16.7M from $29.8M; inventories rose 18% to $564.9M due to earlier holiday receipts.
- Full-year FY2022 guided net revenue $1.54-1.56B, net loss $0.27-$0.18 per diluted share; adjusted EBITDA $66.5-71.5M.
- Q4 FY2022 guided net revenue $510-530M and net income $0-3M; expects continued promotional environment.

## SEC filing metadata
- accession: 0001564590-22-038730
- form_type: 8-K
- ticker: LE
- cik: 0000799288
- company_name: LANDS' END, INC.
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799288/000156459022038730/0001564590-22-038730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799288/000156459022038730/le-8k_20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-038730
- JSON: https://secwatch.observer/filing/0001564590-22-038730.json
- Plain text: https://secwatch.observer/filing/0001564590-22-038730.txt

## Key facts
- Earnings Releases
  LANDS' END, INC. reported third quarter ended October 28, 2022 results: revenue $371.0 million, net income $4.7 million, EPS $0.14 loss per diluted share. Guidance lowered.
  - Period: third quarter ended October 28, 2022
  - Revenue: $371.0 million
  - Net income: $4.7 million
  - EPS: $0.14 loss per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: For the third quarter, net revenue decreased 1.3% to $371.0 million compared to $375.8 million in the third quarter of fiscal 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799288/000156459022038730/0001564590-22-038730-index.htm

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