Lands’ End revenue grows to $302 million in latest quarter

• Lands’ End (NASDAQ:LE) reported second quarter fiscal 2026 revenue of $302 million, up 2.7% year over year, with the company returning to profitability.
• Net income reached $3.5 million compared with a $3.7 million loss a year earlier, while Adjusted EBITDA declined 25% to $11.3 million.
• The company completed its WHP Global transaction, repaid its term loan using proceeds, and issued fiscal 2026 revenue guidance of $1.30 billion to $1.35 billion.

Lands' End (NASDAQ:LE) reported second quarter fiscal 2026 results with net revenue increasing 2.7% year over year to $302 million, supported by higher U.S. eCommerce and Outfitters sales, while the company returned to profitability with $3.5 million in net income.

The revenue increase compared with the prior-year period was driven by a 9% rise in U.S. eCommerce and a 4.4% increase in Outfitters revenue, while Third Party revenue declined 20.4%.

Lands’ End recorded a $3.5 million profit compared with a $3.7 million loss in the same period last year, while gross profit increased to $157 million and gross margin expanded 320 basis points to 52.0%.

The company completed its WHP Global transaction, recorded an equity method investment, used most of the $300 million proceeds to repay its term loan, and stated that the move would reduce future interest expense.

Meanwhile, Lands’ End repurchased $10.5 million of stock, representing about 3% of shares, and issued third-quarter and full-year fiscal 2026 guidance, including expected net revenue of $1.30 billion to $1.35 billion and GAAP net income of $317.0 million to $325.0 million.

The company operates across apparel and related categories, with recent results showing growth in digital sales and Outfitters while facing pressure in its Third Party business.