Lands’ End Reports Mixed Q1 2025 Financial Results

Lands’ End, Inc ( (LE) ) has released its Q1 earnings. Here is a breakdown of the information Lands’ End, Inc presented to its investors.

Lands’ End, Inc. is a leading digital retailer specializing in solution-based apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms, operating through various channels including eCommerce, third-party distribution, and company-operated stores.

In its first quarter of fiscal 2025, Lands’ End reported a mixed financial performance with continued growth in Gross Merchandise Value (GMV) and gross margin improvement, despite a decline in net revenue. The company highlighted its strategic focus on customer engagement and supply chain resilience as key drivers of its financial results.

Key financial metrics for the quarter included a GMV increase in low-single digits, excluding inventory transitions, and a gross margin improvement of approximately 210 basis points to 50.8%. However, net revenue decreased by 8.5% year-over-year to $261.2 million, impacted by the transition of kids and footwear inventory to licensees. The company also reported a net loss of $8.3 million, or $0.27 per diluted share, compared to a net loss of $6.4 million in the prior year.

Strategically, Lands’ End saw a significant increase in licensing revenue, driven by growth from existing partners, and announced a new partnership with Delta Air Lines commencing in the second quarter of fiscal 2025. The company also continued to refine its approach to third-party marketplaces, introducing a proprietary AI tool to optimize product discovery.

Looking ahead, Lands’ End remains optimistic about its fiscal 2025 outlook, expecting mid-to-high single-digit growth in GMV and net revenue between $1.33 billion and $1.45 billion. The company plans to continue executing its strategy while mitigating tariff headwinds, with a focus on maintaining its premium brand positioning across all channels.