Lands End | 10-Q: FY2026 Q2 Revenue Misses Estimate at USD 294.08 M

Revenue: As of FY2026 Q2, the actual value is USD 294.08 M, missing the estimate of USD 322.38 M.

EPS: As of FY2026 Q2, the actual value is USD -0.12, missing the estimate of USD -0.03.

EBIT: As of FY2026 Q2, the actual value is USD 3.983 M.

U.S. Digital Segment

• Net Revenue: $255.3 million for the second quarter of 2025, a decrease of 5.6% from $270.4 million in the second quarter of 2024.
• Variable Profit: $56.7 million in the second quarter of 2025, a decrease from $62.8 million in the second quarter of 2024. Variable profit was 22.2% of net revenue in the second quarter of 2025, down from 23.2% in the second quarter of 2024.

Europe eCommerce

• Net Revenue: $19.6 million for the second quarter of 2025, a decrease of 14.8% from $23.0 million in the second quarter of 2024.

Licensing and Retail

• Net Revenue: $19.2 million for the second quarter of 2025, a decrease of 19.7% from $23.9 million in the second quarter of 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $0.5 million during the year-to-date 2025 compared to $4.9 million during the year-to-date 2024.
• Net Cash Used in Investing Activities: $17.2 million during the year-to-date 2025 compared to $11.5 million during the year-to-date 2024.
• Net Cash Provided by Financing Activities: $22.1 million during the year-to-date 2025 compared to $6.9 million during the year-to-date 2024.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on improving promotional productivity and expanding the licensing business to drive gross margin improvements.
• Non-Core Business: The company is exploring strategic alternatives to maximize shareholder value, which includes restructuring efforts and cost optimization initiatives.