Lands End | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 261.21 M

Revenue: As of FY2026 Q1, the actual value is USD 261.21 M, missing the estimate of USD 272.6 M.

EPS: As of FY2026 Q1, the actual value is USD -0.27, missing the estimate of USD -0.2.

EBIT: As of FY2026 Q1, the actual value is USD -2.37 M.

U.S. Digital Segment

• Net Revenue: $227.8 million for the 13 weeks ended May 2, 2025, compared to $228.7 million for the same period in 2024.
• Variable Profit: $52.9 million, representing 20.2% of net revenue, compared to $54.8 million or 19.2% of net revenue in the prior year.

Europe eCommerce

• Net Revenue: $17.9 million, a decrease from $25.0 million in the previous year, attributed to strategic repositioning.

Licensing and Retail

• Net Revenue: $15.6 million, down from $31.8 million, primarily due to transitioning inventory to licensees and a decrease in retail sales.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was - $22.5 million, compared to - $25.8 million in the previous year.
• Investing Cash Flow: Net cash used in investing activities was - $8.3 million, primarily for technology infrastructure.
• Financing Cash Flow: Net cash provided by financing activities was $32.4 million, compared to $35.0 million in the previous year.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on strategic investments in technology and infrastructure, with planned capital expenditures of approximately $25.0 million for Fiscal 2025.
• Non-Core Business: The company is exploring strategic alternatives to maximize shareholder value, which includes restructuring efforts and transitioning certain product lines to licensing partners.