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 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.
Lands' End announced key organizational changes aimed at enhancing growth and achieving 2023 financial targets. James Gooch steps up as President while maintaining his CFO role, overseeing multiple business sectors. Sarah Rasmusen becomes Executive VP, managing IT and performance marketing, and Peter Gray will lead distribution center operations. CEO Jerome Griffith emphasized a digitally-focused transformation that has doubled EBITDA since 2016, stressing the commitment to a successful uni-channel strategy.
Lands' End, Inc. (NASDAQ: LE) will participate in the D.A. Davidson 4th Annual Consumer Growth Conference on March 11, 2021, with a virtual fireside chat at 4:15 PM Eastern Time. Investors can access the live audio webcast through the investor relations section of the company's website. An archived version will be available for 90 days post-event. Lands' End is a leading retailer of casual clothing, accessories, footwear, and home products, known for its quality and service.
Lands' End, Inc. (NASDAQ: LE) will conduct a conference call on March 17, 2021, at 8:30 a.m. ET to discuss its fourth quarter and fiscal 2020 financial results. A news release will be issued prior to the call, which can be accessed live on the company's investor relations website or by dialing (866) 753-5836. An online archive of the broadcast will be available by noon on the same day. Lands' End is recognized for its casual clothing, accessories, and home products, available through various online platforms and retail locations.
Lands' End announced a partnership with the Iowa County Health Department to convert its Comer Center into a COVID-19 vaccination clinic in Dodgeville, Wisconsin. Starting February 8, the clinic will initially vaccinate 160 individuals over four hours and can scale up to 1,600 people in a day as supply increases, making it the largest vaccination site in Iowa County. This initiative underscores Lands' End's commitment to community health during the pandemic, allowing for a significant increase in vaccination capacity.
Lands’ End, Inc. (NASDAQ: LE) has raised its guidance for Q4 2020, forecasting net revenue of $528-$533 million, up from $500-$520 million. Net income is expected between $17.5-$19 million, with diluted EPS between $0.54-$0.58, improving from prior guidance. Adjusted EBITDA is also raised to $43-$45 million. The company aims for long-term revenue of $1.9-$2.1 billion, indicating a CAGR of 10-14% over three years, focusing on eCommerce growth and recovery in the Outfitters segment.
Lands' End, Inc. (NASDAQ: LE) announced its participation in the 23rd Annual ICR Conference, scheduled for January 12, 2021, with a fireside chat presentation at 3:30 PM Eastern Time. The presentation will be webcast live and available on the company's investor relations website. An archive of the presentation will be accessible for 90 days post-event. Lands' End is known for its uni-channel retail of casual clothing, accessories, and home products, emphasizing quality and customer service.
Lands' End reported a strong performance for Q3 2020, with net revenue increasing 5.9% to $360 million. The global eCommerce segment saw an impressive 19.6% growth, led by a 50.7% rise in International eCommerce. Net income doubled to $7.2 million, with adjusted EBITDA soaring 52.3% to $28.6 million. Despite challenges from COVID-19, the company successfully launched products at Kohl's and refinanced its term loan, enhancing financial flexibility. However, the fourth quarter has started slow in the US due to unseasonably warm weather.
Lands' End, Inc. (NASDAQ: LE) will host a conference call on December 3, 2020, at 8:30 a.m. ET to discuss its third-quarter fiscal 2020 financial results. A news release detailing these results will be issued prior to the call. Investors can access the live broadcast via the Company's investor relations website or by dialing (866) 753-5836. An archive of the call will be available later on the same day.
Lands' End is known for its casual clothing, accessories, and home products, emphasizing quality and value across online and retail platforms.
Lands' End announced its Women's Expedition Waterproof Down Winter Parka inclusion in Oprah's Favorite Things 2020 list, featured in the December issue of O, The Oprah Magazine. This parka, designed for extreme winter conditions, is constructed with waterproof materials and packed with high-quality down for maximum warmth. It is available for purchase on landsend.com and the Oprah's Favorite Things storefront on Amazon. The magazine issue featuring the parka goes on sale on November 17, 2020, and there will also be a 12-Day Give-O-way Sweepstakes running from November 25 to December 6, where readers can win the featured items.
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