Lands' End, Inc. operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms in the United States, Europe, and internationally. The company operates through U.S. eCommerce, Europe eCommerce, Outfitters, Third Party, Licensing, and Retail segments. It also sells uniform and logo apparel to businesses and their employees, and student households; and earns royalties on the use of Lands' End trademark. The company sells its products through its e-commerce websites and company operated stores, as well as through third party distribution channels under the Lands' End, Lands' End Lighthouse, Squall, Tugless Tank, Drifter, Outrigger, Marinac, Wanderweight, Beach Living, Supima, No-Gape, Anyweather, Waveshaper, Starfish, Little Black Suit, Iron Knees, Hyde Park, Year'Rounder, ClassMate, Willis & Geiger, and ThermaCheck brands. Lands' End, Inc. was founded in 1963 and is headquartered in Dodgeville, Wisconsin.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $1.3B | $75M | $6M | $20M | 2.3% | -2.0% | -11.6% |
| 2025 | $1.4B | $85M | $6M | $15M | 2.6% | -7.4% | -104.8% |
| 2024 | $1.5B | $-45M | $-131M | $96M | -54.1% | -5.3% | 943.0% |
| 2023 | $1.6B | $64M | $-13M | $-68M | -3.3% | - | - |
| 2022 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,555.43 | 1,472.51 | 1,362.94 | 1,335.15 |
| Operating Revenue | - | 1,555.43 | 1,472.51 | 1,362.94 | 1,335.15 |
| Cost Of Revenue | - | 961.66 | 846.98 | 709.59 | 684.98 |
| Gross Profit | - | 593.77 | 625.53 | 653.34 | 650.17 |
| Operating Expense | - | 569.04 | 596.34 | 602.39 | 605.90 |
| Selling General And Administration | - | 527.37 | 550.21 | 561.80 | 561.15 |
| Total Expenses | - | 1,530.70 | 1,443.32 | 1,311.98 | 1,290.88 |
| Operating Income | - | 24.72 | 29.18 | 50.96 | 44.26 |
| Total Operating Income As Reported | - | 24.72 | -77.52 | 50.96 | 44.26 |
| EBITDA | - | 63.83 | -45.06 | 84.71 | 74.64 |
| Normalized EBITDA | - | 63.83 | 68.31 | 84.71 | 74.64 |
| EBIT | - | 25.09 | -83.53 | 50.94 | 44.47 |
| Interest Expense | - | 39.77 | 48.29 | 40.44 | 36.72 |
| Net Interest Income | - | -39.77 | -48.29 | -40.44 | -36.72 |
| Other Non Operating Income Expenses | - | 0.36 | 0.66 | -0.02 | 0.20 |
| Other Income Expense | - | 0.36 | -112.71 | -0.02 | 0.20 |
| Interest Expense Non Operating | - | 39.77 | 48.29 | 40.44 | 36.72 |
| Net Non Operating Interest Income Expense | - | -39.77 | -48.29 | -40.44 | -36.72 |
| Pretax Income | - | -14.68 | -131.82 | 10.50 | 7.75 |
| Tax Provision | - | -2.15 | -1.13 | 4.26 | 2.24 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -1.02 | 0 | 0 |
| Net Income Continuous Operations | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Net Income From Continuing And Discontinued Operation | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Net Income From Continuing Operation Net Minority Interest | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Net Income | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Net Income Common Stockholders | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Net Income Including Noncontrolling Interests | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Normalized Income | - | -12.53 | -18.34 | 6.23 | 5.51 |
| Diluted NI Availto Com Stockholders | - | -12.53 | -130.68 | 6.23 | 5.51 |
| Basic Average Shares | - | 33.11 | 31.97 | 31.21 | 30.68 |
| Diluted Average Shares | - | 33.11 | 31.97 | 31.66 | 31.03 |
| Reconciled Depreciation | - | 38.74 | 38.47 | 33.77 | 30.17 |
| Reconciled Cost Of Revenue | - | 961.66 | 846.98 | 709.59 | 684.98 |
| Total Unusual Items | - | 0 | -113.37 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | -113.37 | 0 | 0 |
| Special Income Charges | - | 0 | -113.37 | 0 | 0 |
| Other Special Charges | - | - | 6.67 | - | - |
| Impairment Of Capital Assets | - | 0 | 106.70 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 38.74 | 38.47 | 33.77 | 30.17 |
| Depreciation And Amortization In Income Statement | - | 38.74 | 38.47 | 33.77 | 30.17 |
| Other Operating Expenses | - | 2.93 | 7.67 | 6.81 | 14.58 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lands' End, Inc.this co. | LE | $342M | 61.98β premium | 1.40 | 2.3% | 7.63 |
| Citi Trends, Inc. | CTRN | $387M | 74.21 | 3.32 | 4.5% | 22.35 |
| Dine Brands Global, Inc. | DIN | $369M | 21.57 | -1.35 | -6.2% | 12.60 |
| Haverty Furniture Companies, Inc. | HVT | $367M | 18.61 | 1.19 | 6.4% | 10.19 |
| Barnes & Noble Education, Inc. | BNED | $363M |
| - |
| - |
| - |
| - |
| -5.51 |
| 1.33 |
| -24.2% |
| -102.94 |
| Weyco Group, Inc. | WEYS | $338M | 14.66 | 1.41 | 9.6% | 7.21 |
| Strattec Security Corporation | STRT | $333M | 17.83 | 1.50 | 8.4% | 6.35 |
| Holley Inc. | HLLY | $315M | 16.45 | 0.70 | 4.3% | 7.38 |
| Kingsway Financial Services Inc. | KFS | $307M | -28.62 | 20.25 | -70.7% | 562.48 |
| Peer Median | - | 17.14 | 1.37 | 4.4% | 8.78 | |