Lands’ End Reports Profitable Q2 with Net Revenue Growth of 2.7%
In the second quarter of fiscal year 2026, Lands' End reported a return to profitability and saw net revenue rise by 2.7% to $302 million compared to the same period last year. The company's gross profit increased significantly due in part to IEEPA tariff refunds, despite temporary costs from implementing a new warehouse management system and changes in joint venture royalty structures. The US e-commerce segment drove much of this growth with revenue up 9% to $182.4 million, while the Outfitters business also saw an increase of 4.4%. However, third-party sales dropped by 20.4%, attributed to a strategic decision to reduce lower-margin promotional activities. Looking ahead, Lands' End expects Q3 net revenue between $300 million and $330 million with adjusted diluted earnings per share projected at $0.07 to $0.20. For the full fiscal year 2026, it anticipates total net revenue in the range of $1.3 billion to $1.35 billion.
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