Lands' End, Inc (LE)
NASDAQ:LE
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Lands' End
(NASDAQ:LE)
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Rating:58Neutral
Price Target:
$11.50
▼(-27.90% Downside)
Action:ReiteratedDate:04/02/26
The score is supported by improving financial health (deleveraging and stronger free cash flow) and a constructive earnings-call outlook tied to the WHP transaction and operating turnaround. It is held back by weak technical momentum (downtrend with negative MACD and price below major moving averages) and a demanding valuation (P/E ~98.9) with no dividend yield provided.
Positive Factors
Material deleveraging via WHP JV and term‑loan repayment
The $300M WHP transaction funded repayment of the $234M term loan, materially lowering leverage and interest expense. This meaningfully improves financial flexibility, reduces refinancing risk, and creates durable capacity for reinvestment, buybacks, or working‑capital buffering over the next 2–6 months.
Negative Factors
Volatile revenue and thin profitability
Revenue volatility and very thin margins leave earnings sensitive to small demand shifts or cost increases. With net margin near breakeven, the firm has limited buffer against tariff shocks, input cost inflation, or promotional intensity, making profitability reversals likely if macro conditions deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Material deleveraging via WHP JV and term‑loan repayment
The $300M WHP transaction funded repayment of the $234M term loan, materially lowering leverage and interest expense. This meaningfully improves financial flexibility, reduces refinancing risk, and creates durable capacity for reinvestment, buybacks, or working‑capital buffering over the next 2–6 months.
Read all positive factors
Lands' End (LE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$345.65M
Dividend YieldN/A
Average Volume (3M)451.40K
Price to Earnings (P/E)98.9
Beta (1Y)1.33
Revenue Growth-8.47%
EPS GrowthN/A
CountryUS
Employees2,432
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.76
Shares Outstanding30,751,337
10 Day Avg. Volume797,573
30 Day Avg. Volume451,401
Financial Highlights & Ratios
PEG Ratio-9.89
Price to Book (P/B)2.23
Price to Sales (P/S)0.41
P/FCF Ratio26.71
Enterprise Value/Market Cap1.07
Enterprise Value/Revenue0.28
Enterprise Value/Gross Profit0.60
Enterprise Value/Ebitda4.86
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.96
Revenue Forecast (FY)$1.38B
Lands' End Business Overview & Revenue Model
Company Description
Lands' End, Inc. operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfit...
How the Company Makes Money
Lands' End generates revenue mainly by selling its branded merchandise (apparel, accessories, footwear, and home products). Its core revenue streams include: (1) Direct-to-consumer sales, primarily through its e-commerce website and historically t...
Lands' End Key Performance Indicators (KPIs)
Any
Net Revenue by Geography
Highlights revenue distribution across various regions, indicating where Lands' End is performing well and identifying markets with potential growth or risk due to local economic factors.
Highlights revenue distribution across various regions, indicating where Lands' End is performing well and identifying markets with potential growth or risk due to local economic factors.
Data provided by:
The Fly
The FlyLands' End Earnings Call Summary
Earnings Call Date:Mar 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 10, 2026
Earnings Call Sentiment Positive
The call emphasized a clear operational turnaround with returning top-line growth (5% revenue growth), improved profitability (adjusted EBITDA +10%, adjusted net income >100%), accelerated customer acquisition (+20% new-to-brand in Q4), and a strategic $300M WHP transaction expected to eliminate term loan debt and materially reduce interest expense. At the same time, management acknowledged tangible near-term headwinds — notably IEPA tariff impacts on margins, higher SG&A from marketing investments, a still-outstanding term loan until the transaction closes, and limited near-term guidance. On balance, the company presented multiple growth and profitability wins and a transformative balance-sheet solution that outweigh the primarily manageable operational and macro headwinds, positioning Lands' End for accelerated growth and strategic flexibility.Positive Updates
Full-Year Revenue Growth
Total revenue for fiscal 2025 was $462,000,000, an increase of 5% versus fiscal 2024, marking a return to top-line growth.
Negative Updates
Tariff Headwinds Impacting Margins
IEPA tariffs pressured margins: Q4 reported gross margin of 45% (down ~30 basis points year-over-year). Management quantified that excluding unmitigated tariffs margin performance materially improves (Q4 +140 bps ex-tariff), highlighting tariff exposure as a notable headwind.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Total revenue for fiscal 2025 was $462,000,000, an increase of 5% versus fiscal 2024, marking a return to top-line growth.
Read all positive updates
Company Guidance
The company said it is not providing forward financial guidance at this time because of the WHP Global transaction and expects to provide guidance with the Q1 release after the deal closes (anticipated by the end of Q1); it did, however, outline priorities and the financial context: fiscal 2025 revenue was $462 million (+5% vs. 2024) with GMV growth in the low‑ to mid‑single digits (Q4 GMV mid‑single) and Q4 comp growth of 5%, U.S. e‑commerce +5% in Q4, third‑party marketplace revenue +4% (Amazon up double‑digits), Europe Q4 sales +9%, and double‑digit growth in school uniforms and Outfitters; gross profit rose 4% y/y, Q4 gross margin was 45% (down ~30 bps year‑over‑year; excl. unmitigated IEPA tariffs Q4 margin +140 bps to 47%), FY gross margin ~49% (+~80 bps; excl. tariffs ~50%, +~180 bps), adjusted EBITDA was $102 million (+10% YoY; adjusted EBITDA margin ~8%, +90 bps), Q4 adjusted EBITDA $47 million (+9%), Q4 adjusted net income $24 million ($0.76/share) and FY adjusted net income $27 million (+>100%, $0.86/share), inventories were $269 million vs. $265 million a year ago, term loan balance was ~$234 million with zero ABL borrowings, and the WHP deal will deliver $300 million in cash (WHP acquiring a 50% JV stake), expected to be used primarily to repay the term loan (leaving no term loan debt and materially reduced interest expense), alongside a WHP tender offer for ~2.2 million shares at $45 and $9 million remaining on the share repurchase program.Lands' End Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
68
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.34B | 1.36B | 1.47B | 1.56B | 1.64B |
| Gross Profit | 620.00M | 653.35M | 625.53M | 593.77M | 691.46M |
| EBITDA | 74.64M | 84.71M | -45.06M | 63.83M | 118.95M |
| Net Income | 5.51M | 6.23M | -130.68M | -12.53M | 33.37M |
Balance Sheet | |||||
| Total Assets | 751.07M | 765.48M | 811.48M | 1.08B | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 17.69M | 16.18M | 25.31M | 39.56M | 34.30M |
| Total Debt | 245.91M | 262.43M | 278.15M | 373.76M | 292.19M |
| Total Liabilities | 506.77M | 526.26M | 569.89M | 701.40M | 629.94M |
| Stockholders Equity | 244.29M | 239.22M | 241.59M | 380.75M | 406.70M |
Cash Flow | |||||
| Free Cash Flow | 20.40M | 15.37M | 95.65M | -68.17M | 45.33M |
| Operating Cash Flow | 49.62M | 53.14M | 130.56M | -36.37M | 70.57M |
| Investing Cash Flow | -29.17M | -35.04M | -34.91M | -29.84M | -25.24M |
| Financing Cash Flow | -20.08M | -26.59M | -110.11M | 73.46M | -45.09M |
Lands' End Technical Analysis
Negative
15.95
Price Trends
15.98
Negative
15.66
Negative
14.57
Negative
Market Momentum
-1.13
Positive
29.69
Positive
20.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LE, the sentiment is Negative. The current price of 15.95 is above the 20-day moving average (MA) of 13.99, below the 50-day MA of 15.98, and above the 200-day MA of 14.57, indicating a bearish trend. The MACD of -1.13 indicates Positive momentum. The RSI at 29.69 is Positive, neither overbought nor oversold. The STOCH value of 20.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LE.
Lands' End Risk Analysis
Lands' End disclosed 33 risk factors in its most recent earnings report. Lands' End reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lands' End Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $629.16M | 0.38 | 87.45% | 8.47% | -7.03% | 1.04% | |
70 Outperform | $484.82M | 14.91 | 34.25% | 1.52% | 6.16% | 15.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $345.65M | 98.91 | 2.37% | ― | -8.47% | ― | |
50 Neutral | $302.83M | 11.58 | -3.56% | ― | 1.38% | 63.65% | |
48 Neutral | $320.20M | -3.93 | -48.74% | ― | -27.23% | 62.19% |
* Consumer Cyclical Sector Average
LE
Lands' End
11.24
0.56
5.24%
BBW
BuildABear Workshop
37.45
-2.76
-6.86%
BBBY
Bed Bath & Beyond
4.64
-0.39
-7.75%
BNED
Barnes & Noble Education
8.83
-1.88
-17.55%
BWMX
Betterware de Mexico
16.86
6.47
62.33%
Lands' End Corporate Events
Business Operations and StrategyStock BuybackPrivate Placements and Financing
Lands’ End Forms Brand JV, Restructures Capital with WHP
Positive
Apr 1, 2026
On April 1, 2026, Lands’ End and brand manager WHP Global closed a joint venture in which Lands’ End contributed its brand intellectual property and related licensing assets in exchange for $300 million in cash and a 50% interest in th...
Business Operations and StrategyStock Buyback
Lands’ End Authorizes New $100 Million Share Repurchase
Positive
Apr 1, 2026
On April 1, 2026, Lands’ End announced that its board authorized a new share repurchase program allowing the company to buy back up to $100 million of its common stock from April 1, 2026 through March 31, 2029, via open-market purchases, pri...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Lands’ End Approves Executive Bonuses Tied to WHP Deal
Neutral
Mar 12, 2026
In connection with its previously announced transaction with WH Topco, L.P. (d/b/a WHP Global), Lands’ End’s board on March 5, 2026, approved transaction success bonuses for executives Andrew J. McLean, Bernard McCracken and Peter L. G...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Lands’ End Forms IPCo, Sells Stake to WHP Global
Positive
Jan 26, 2026
On January 26, 2026, Lands’ End entered into an agreement to contribute all of its “Lands’ End” brand intellectual property and related licensing assets into a new subsidiary, IPCo, and then sell a 50% controlling stake in ...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Lands’ End Forms WHP Global Joint Venture, Delevers Balance Sheet
Positive
Jan 26, 2026
On January 26, 2026, Lands’ End and brand management firm WHP Global agreed to form a 50/50 joint venture that will house all intellectual property associated with the Lands’ End brand, with WHP paying $300 million in cash for a contro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.