Lands End | 8-K: 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.

Segment Revenue

• Net Revenue: $294.1 million for Q2 2025, a decrease of $23.1 million or 7.3% from $317.2 million in Q2 2024.
• U.S. Digital Segment: $255.3 million, a decrease of $15.1 million or 5.6% from $270.4 million in Q2 2024.
• U.S. eCommerce: $167.3 million, a decrease of $21.0 million or 11.2% from $188.3 million in Q2 2024.
• Outfitters: $66.4 million, an increase of $3.2 million or 5.1% from $63.2 million in Q2 2024.
• Third Party: $21.6 million, an increase of $2.7 million or 14.3% from $18.9 million in Q2 2024.
• Europe eCommerce: $19.6 million, a decrease of $3.4 million or 14.8% from $23.0 million in Q2 2024.
• Licensing and Retail: $19.2 million, a decrease of $4.7 million or 19.7% from $23.9 million in Q2 2024.

Operational Metrics

• Gross Profit: $143.4 million, a decrease of $8.5 million or 5.6% from $151.9 million in Q2 2024.
• Gross Margin: Increased approximately 90 basis points to 48.8% in Q2 2025 from 47.9% in Q2 2024.
• Selling and Administrative Expenses: Decreased $6.1 million to $129.4 million or 44.0% of net revenue in Q2 2025, compared to $135.5 million or 42.7% in Q2 2024.
• Net Loss: $3.7 million, or $0.12 loss per diluted share, compared to a net loss of $5.3 million or $0.17 loss per diluted share in Q2 2024.
• Adjusted Net Loss: $1.9 million and adjusted diluted loss per share was $0.06 in Q2 2025, compared to adjusted net loss of $0.7 million and adjusted diluted loss per share of $0.02 in Q2 2024.
• Adjusted EBITDA: $14.1 million in Q2 2025, compared to $17.1 million in Q2 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $0.5 million for the 26 weeks ended August 1, 2025, compared to $4.9 million for the 26 weeks ended August 2, 2024.

Unique Metrics

• Inventory: $301.8 million as of August 1, 2025, a 3% year-over-year decline from $312.0 million as of August 2, 2024.

Outlook / Guidance

• For Q3 fiscal 2025, Lands’ End expects net revenue between $320.0 million and $350.0 million, and adjusted EBITDA in the range of $24.0 million to $28.0 million.
• For fiscal 2025, the company expects net revenue between $1.33 billion and $1.40 billion, and adjusted EBITDA in the range of $98.0 million to $107.0 million.
• The guidance reflects the expected impact of tariffs at current levels.