Welcome to our dedicated page for Lands' End news (Ticker: LE), a resource for investors and traders seeking the latest updates and insights on Lands' End stock.
Lands' End, Inc. (NASDAQ: LE) is a prominent U.S.-based multi-channel retailer specializing in casual apparel, accessories, footwear, and home products. Established in 1963, the company has built a strong reputation for quality, value, and exceptional customer service, famously backed by their satisfaction guarantee. Lands' End markets its products through various channels, including its primary eCommerce website (www.landsend.com), company-operated stores, catalogs, and third-party retail partners like Sears and Target.
The company's operations are segmented into U.S. eCommerce, International, Outfitters, Third Party, and Retail. The U.S. eCommerce segment generates the majority of its revenue by offering a wide range of products from clothing and swimwear to outerwear and home goods. Geographically, the bulk of Lands' End’s earnings come from the United States.
Recent achievements include the introduction of the exclusive Lands' End swim collection at Target, featuring a variety of sizes and styles to meet diverse consumer needs. This partnership aims to make Lands' End products more accessible to a broader audience. The company also announced strong financial results for the fourth quarter and full fiscal year ending February 2, 2024, highlighting a 13.5% increase in gross profit and a 29% reduction in inventory compared to the previous year.
Lands' End's strategic initiatives include launching innovative products like Sculpting Suits with patent-pending WaveShaper™ technology, enhancing inventory efficiency, and expanding their digital footprint to ensure continued growth and profitability. The company maintains a strong balance sheet, supported by recent loan refinancing and a robust share repurchase program authorized through March 2026.
For the latest updates and detailed information, the company hosts regular investor presentations and webcasts, accessible through their investor relations website. By continuously focusing on high-quality sales and improving cash flows, Lands' End aims to drive long-term value creation for shareholders and stakeholders alike.
Lands' End, Inc. (NASDAQ: LE) has raised its financial guidance for Q2 and the full fiscal year 2021, citing strong performance driven by eCommerce and a recovery in its Outfitters business. For Q2, the company expects net revenue between $380M and $385M, net income of $13M to $14.5M, and Adjusted EBITDA of $36M to $38M. For the full year, net revenue is projected at $1.67B to $1.71B, net income between $43M and $49.5M, and Adjusted EBITDA of $132M to $140M, showcasing significant growth over fiscal 2020.
Lands’ End (NASDAQ: LE) announces its Fifth Annual Backpack Day Event, offering a 50% discount on all backpacks and lunchboxes on July 19-20, 2021. The initiative comes as students prepare for a return to in-person classes. In addition to backpacks, Lands' End is launching new kids’ accessories and activewear. The brand emphasizes quality and personalization options for its products, alongside a back-to-school sweepstakes running from July 8 to August 18, 2021, with a grand prize of $5,000. Products are available online and in stores.
DODGEVILLE, Wis., June 15, 2021 -- Lands’ End, Inc. (NASDAQ: LE) announced its participation in the Jefferies Virtual Consumer Conference on June 22, 2021. The Company will present in a fireside chat at 8:35 AM Eastern Time, with the audio webcast available on its investor relations website. The presentation will be archived online for 90 days post-event. Lands' End is known for its high-quality casual clothing, accessories, and home products, offering a classic American lifestyle brand experience.
Lands' End reported a significant turnaround in its Q1 fiscal 2021 results, with net revenue increasing by 48.1% to $321.3 million, driven largely by a 44.4% growth in global eCommerce sales. The company posted a net income of $2.6 million, a stark contrast to a $20.6 million loss in the previous year. Adjusted EBITDA rose to $22.5 million, marking a $34.1 million improvement. Outlook is optimistic, projecting net revenue between $1.61 billion and $1.65 billion for fiscal 2021.
Lands' End, Inc. (NASDAQ: LE) will host a conference call on June 2, 2021, at 8:30 a.m. Eastern Time to discuss its first quarter fiscal 2021 financial results. A news release detailing these results will be available before the call. Interested parties can listen live via the company’s investor relations website or by calling (866) 753-5836. An online archive of the broadcast will be accessible on the company website around noon on the same day.
Lands’ End (NASDAQ: LE) and Draper James, Reese Witherspoon’s lifestyle brand, continue their collaboration by launching a new swimwear collection this month. This initiative follows their previous partnership that began with a swimwear line in March 2020. Plans are also underway for sleepwear and home collections set for Fall 2021. The collection promotes body inclusivity and comfort, aligning with both brands' core values. A portion of proceeds will benefit Girls Inc. to promote body positivity among young girls.
Lands’ End (NASDAQ: LE) announces the launch of its We Suit Every Body campaign, coinciding with the start of the swim season. This initiative highlights the brand's commitment to inclusivity, offering swimwear in various sizes and styles, including mastectomy swimsuits, celebrating 25 years of service to breast cancer survivors. Lands’ End features sustainable swimwear made from recycled materials, offers UPF 50 sun protection, and promotes a special sweepstakes with a grand prize of $5,000. Discounts up to 50% on swim styles are available on April 19 and 20.
Lands’ End (NASDAQ: LE) is launching its Lands’ End Marketplace, expanding its third-party marketplace to enhance retail offerings. Following a successful beta test with 24 sellers since June 2020, the brand aims to onboard more partners to meet customer demand.
This initiative leverages the company's digital platform for broad product availability while ensuring high-quality customer service. The marketplace model positions Lands’ End uniquely for growth in the competitive specialty apparel sector.
Lands' End reported a 4th quarter net revenue of $538.4 million, down 2.0% year-over-year but exceeding updated guidance. Global eCommerce revenue grew by 7.5%, with new customers up 13.7%. Despite a net income of $19.9 million ($0.60 per diluted share), adjusted EBITDA decreased by 6.5% to $46.1 million. For fiscal 2021, the company anticipates net revenue of $1.52 to $1.57 billion but expects a net loss of $10.5 to $8 million in Q1. The CFO emphasized a healthy balance sheet and plans for growth in eCommerce and recovery strategies.
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