Lands' End Reports Q2 Earnings with Revenue Growth Amid Operational Challenges
Lands' End (NASDAQ:LE) reported second-quarter fiscal 2026 revenue of $302 million, a 3% increase from the prior year. The growth was driven by strong performance in U.S. e-commerce and Outfitters segments, although third-party marketplace sales declined by 20%. Adjusted EBITDA fell to $11 million despite an expanded gross margin of 52%, reflecting ongoing operational challenges such as school uniform shipment delays. The company has largely resolved warehouse management system disruptions in its core U.S. e-commerce operations and is working on clearing backlogs while increasing production capacity. CEO Charlie Cole highlighted opportunities for growth through customer engagement, personalization, and digital capabilities ahead of the holiday season. CFO Bernie McCracken noted that year-to-date performance excluding catch-up effects was flat or slightly down. Lands' End maintained its full-year 2026 revenue outlook between $1.3 billion to $1.35 billion and adjusted EBITDA guidance of $62 million to $70 million, while continuing investments in marketing and AI-driven personalization.
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