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LANDS' END, INC. 1Q FY2026: Revenue $238.9M, EPS $10.56— 10-Q Summary

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Jun 9, 2026 at 03:11 PM

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Lands' End reported Q1 FY2026 revenue of $238.9M, down 8.5% YoY due to supply chain disruptions. Net income surged to $330.7M and diluted EPS reached $10.56, driven by a one-time gain from the WHP joint venture completion. While U.S. digital sales fell, European eCommerce grew 14.5%. The company completed licensing its brand to the JV with a $50M annual royalty guarantee.

LANDS' END, INC. reported first-quarter fiscal 2026 results with revenue of $238.9M, down from $261.2M a year earlier, and net income of $330.7M driven by a one-time gain related to the WHP transaction; diluted EPS was $10.56 compared with $(0.27) in the year-ago quarter.

Financial Highlights

Revenue was $238.9M for 1Q FY2026, compared with $261.2M in the prior-year quarter; YoY change (8.5%).
Net income was $330.7M for 1Q FY2026, versus a $8.3M loss in the prior-year quarter.
Diluted EPS was $10.56 for 1Q FY2026, versus $(0.27) in the prior-year quarter.

Business Highlights

Revenue decline of 8.5% was largely attributed to a temporary distribution and warehouse management system disruption that delayed shipments.
Channel trends: Europe eCommerce grew 14.5% year-over-year while U.S. Digital fell about 10%, affected by U.S. eCommerce and Outfitters shipment pacing.
Operational milestone: completed the WHP joint venture on April 1, 2026, licensing the Lands' End brand and IP to the JV with a royalty structure and $50M annual guaranteed minimum royalty.
Supply chain impacts from a new warehouse management rollout caused deleverage, higher shipping costs and an inventory build ahead of peak season.
Company focus remains on profitable third‑party sales and continued investment in digital marketing and customer acquisition.

Original SEC Filing: LANDS' END, INC. [ LE ] - 10-Q - Jun. 09, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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Financial Highlights

Revenue was $238.9M for 1Q FY2026, compared with $261.2M in the prior-year quarter; YoY change (8.5%).
Net income was $330.7M for 1Q FY2026, versus a $8.3M loss in the prior-year quarter.
Diluted EPS was $10.56 for 1Q FY2026, versus $(0.27) in the prior-year quarter.

Business Highlights

Revenue decline of 8.5% was largely attributed to a temporary distribution and warehouse management system disruption that delayed shipments.
Channel trends: Europe eCommerce grew 14.5% year-over-year while U.S. Digital fell about 10%, affected by U.S. eCommerce and Outfitters shipment pacing.
Operational milestone: completed the WHP joint venture on April 1, 2026, licensing the Lands' End brand and IP to the JV with a royalty structure and $50M annual guaranteed minimum royalty.
Supply chain impacts from a new warehouse management rollout caused deleverage, higher shipping costs and an inventory build ahead of peak season.
Company focus remains on profitable third‑party sales and continued investment in digital marketing and customer acquisition.

Original SEC Filing: LANDS' END, INC. [ LE ] - 10-Q - Jun. 09, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.