LE

EX-99.1

2 le-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Lands’ End Announces First Quarter Fiscal 2026 Results

DODGEVILLE, Wis., June 9, 2026 (GLOBE NEWSWIRE) – Lands’ End, Inc. (NASDAQ: LE) today announced financial results for the first quarter ended May 1, 2026.

Andrew McLean, Chief Executive Officer, stated, “Our first quarter results reflect a business with real underlying momentum. Consumer traffic was up double digits, new customer acquisition improved, and our European business delivered strong double-digit revenue growth — confirmation that our solutions-based strategy is resonating with customers. We experienced a temporary operational disruption tied to our U.S. distribution center upgrades which caused a timing issue, and it is behind us. Additionally, we delivered year-over-year improvement in both adjusted net income and adjusted earnings per share.”

McLean continued, “Looking forward, the creation of the joint venture with WHP Global marked a genuine inflection point for Lands’ End and positions us to deliver outstanding shareholder value. Whether from the continued growth of our existing commercial operations, a much more favorable capital structure with no term-loan debt, the Board’s April authorization of a $100 million share repurchase program, the profit-share we’ll receive from the JV or the potential exchange of our JV stake into equity in WHP Global at the same multiple WHP receives in a qualifying monetization event, the opportunity in front of Lands' End has never been clearer, and we are committed to building on our successes and focused on delivering on the potential in this great American company.”

First Quarter Financial Highlights

• Net revenue was $238.9 million for the first quarter of 2026, a decrease of $22.3 million or 8.5% from $261.2 million during the first quarter of 2025. The decrease in revenue was driven primarily by the temporary disruption associated with the rollout of a new warehouse management system and the deliberate pacing of shipments as the distribution centers ramped back to normal capacity. Excluding the impact of the temporary disruption, the Company estimates it would have delivered low single-digit revenue growth in the quarter.

• U.S. Digital Segment Net revenue was $205.1 million for the first quarter of 2026, a decrease of $22.6 million or 9.9% from $227.7 million in the first quarter of 2025.

• U.S. eCommerce Net revenue was $153.3 million, a decrease of $17.4 million or 10.2% from $170.7 million in the first quarter of 2025. The decrease was driven by the temporary disruption associated with the rollout of the new warehouse management system and the deliberate pacing of shipments as the Company ramped its distribution centers back to normal capacity.

• Outfitters Net revenue was $38.5 million for the first quarter of 2026, a decrease of $4.4 million or 10.3% from $42.9 million in the first quarter of 2025. The decrease was driven by the temporary disruption of the new warehouse management system. Customer orders from the business uniform channel remained strong primarily driven by select enterprise accounts.

• Third Party Net revenue was $13.3 million, for the first quarter of 2026, a decrease of $0.8 million or 5.7% from $14.1 million during the first quarter of 2025. The decrease was primarily due to a strategic focus on higher-margin, higher-quality sales, prioritizing brand integrity over lower-value, promotion-driven volume.

• Europe eCommerce Net revenue was $20.5 million for the first quarter of 2026, an increase of $2.6 million or 14.5%, from $17.9 million during the first quarter of 2025. The increase was primarily due to strategic shift to a franchise-first assortment simplifying the business and improving inventory efficiency.

• Gross profit was $111.5 million for the first quarter of 2026, a decrease of $21.2 million or 16.0% from $132.7 million during the first quarter of 2025. Gross margin decreased approximately 410 basis points to 46.7% in the first quarter of 2026, compared with 50.8% in the first quarter of 2025. The gross margin decrease was primarily driven by the deleverage created by the temporary distribution center disruption, the new royalty structure associated with the WHP Global JV and continued tariff headwinds.

• Selling and administrative expenses increased $3.0 million to $126.5 million or 53.0% of Net revenue in the first quarter of 2026, compared with $123.5 million or 47.3% of Net revenue in the first quarter of 2025. The approximately 570 basis point increase was driven by deleverage from lower net revenue and investment in digital marketing focused on new customer acquisition.

• Net income was $330.7 million, or $10.56 earnings per diluted share first quarter of 2026 compared to Net loss of $8.3 million or $0.27 loss per diluted share in the first quarter of 2025. The Net income result was primarily driven by the WHP Global transaction.

• Adjusted net loss was $3.5 million and Adjusted diluted

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Lands’ End Announces Fourth Quarter and Full Year Fiscal 2025 Results

Company to host enhanced first quarter fiscal 2026 results conference call in June providing multi-year financial framework post closing of the joint venture transaction with WHP Global

Fourth Quarter Net revenue increased 4.7% compared to the prior year

Fourth Quarter GMV increased mid-single digits compared to the prior year

DODGEVILLE, Wis., March 19, 2026 (GLOBE NEWSWIRE) – Lands’ End, Inc. (NASDAQ: LE) (“Lands’ End” or the “Company”) today announced financial results for the fourth quarter and full year of fiscal 2025 ended January 30, 2026.

Andrew McLean, Chief Executive Officer, stated, “The fourth quarter was a turning point for Lands’ End as we returned to topline growth, driven by our most significant businesses, and capped off a year in which we strengthened the foundation for sustainable, profitable, long-term growth.”

McLean continued, “From this position of strength, we recently announced a transaction to form a new joint venture with WHP Global to monetize and build on Lands’ End’s intellectual property and unlock near and long-term value creation opportunities. This transformative partnership enables us to eliminate our term loan debt and provides the opportunity for additional upside from the potential conversion of Lands’ End’s stake in the JV in certain WHP Global monetization events. This joint venture will accelerate brand licensing growth through new categories and channels, and internationally, leveraging WHP Global’s expertise and track record growing diverse and well-recognized brands like Lands’ End. Additionally, it expands our strategic flexibility as an operating company to consider and pursue opportunities to enhance growth. We’re confident that this transaction creates incremental, long-term, higher-return growth opportunities for Lands’ End shareholders.”

Fourth Quarter Financial Highlights

• Gross Merchandise Value (“GMV”) increased mid-single digits when compared to the fourth quarter of fiscal 2024. GMV is the total order value of all Lands’ End branded merchandise sold to customers through business-to-consumer and business-to-business channels, as well as the estimated retail value of the merchandise sold through third party distribution channels.

• Net revenue was $462.4 million for the fourth quarter of fiscal 2025, an increase of $20.7 million or 4.7% from $441.7 million during the fourth quarter of fiscal 2024.

• U.S. Digital Segment Net revenue was $402.3 million for the fourth quarter of fiscal 2025, an increase of $20.4 million or 5.3% from $381.9 million during the fourth quarter of fiscal 2024.

• U.S. eCommerce Net revenue was $312.0 million for the fourth quarter of fiscal 2025, an increase of $14.2 million or 4.8% from $297.8 million during the fourth quarter of fiscal 2024. The increase was driven primarily by higher average unit retails, supported by continued strength in solution-based products that contributed to gross margin expansion.

• Outfitters Net revenue was $53.7 million for the fourth quarter of fiscal 2025, an increase of $4.7 million or 9.6% from $49.0 million during the fourth quarter of fiscal 2024. The increase was driven by double-digit growth in our school uniform business, building on its strong back-to-school season, and strength in enterprise accounts.

• Third Party net revenue was $36.6 million for the fourth quarter of fiscal 2025, an increase of $1.5 million or 4.3% from $35.1 million during the fourth quarter of fiscal 2024. The increase was primarily driven by Amazon, increasing double-digits year-over-year.

• Europe eCommerce Net revenue was $32.9 million for the fourth quarter of fiscal 2025, an increase of $2.8 million or 9.3% from $30.1 million during the fourth quarter of fiscal 2024. The increase reversed a multi-quarter trend decline as key product franchises resonated with the customer across markets.

• Licensing and Retail Net revenue was $27.2 million for the fourth quarter of fiscal 2025, a decrease of $2.5 million or 8.4% from $29.7 million during the fourth quarter of fiscal 2024. The decrease reflects the planned transition of certain wholesale accounts to a licensing arrangement in 2024, which resulted in lower reported revenue but higher GMV.

• Gross profit was $209.6 million, an increase of $8.3 million or 4.1% from $201.3 million in the fourth quarter of fiscal 2024. Gross margin decreased approximately 30 basis points to 45.3% compared to 45.6% in the fourth quarter of fiscal 2024. The gross margin decrease was driven by tariffs partially offset by continued strength across key solution-based products and expansion of the licensing business. When excluding the impact of the unmitigated IEEPA tariffs of $7.6 million, gross margin would have increased by approximately 140 basis points to 47.0% compared to the prior year.

• Selling and administrative expenses increased $11.7 mi

8-K

0000799288false00007992882025-12-092025-12-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 9, 2025

LANDS’ END, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-09769

36-2512786

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

5 Lands’ End Lane

Dodgeville, Wisconsin

53595

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (608) 935-9341

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

LE

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On December 9, 2025, Lands’ End, Inc. (the “Company”) announced its financial results for its third quarter ended October 31, 2025. A copy of the Company’s press release containing this information is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information in this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit Number

Description

99.1

Press Release of Lands’ End, Inc. dated December 9, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LANDS’ END, INC.

Date:

December 9, 2025

By:

/s/ Bernard McCracken

Name: Title:

Bernard McCracken Chief Financial Officer and Treasurer