Lands' End, Inc. (LE) Market Cap
Lands' End, Inc. has a market capitalization of $382.5M.
Financials based on reported quarter end 2026-01-30
Price: $12.44
▲ 0.44 (3.67%)
Market Cap: 382.55M
NASDAQ · time unavailable
CEO: Andrew J. McLean
Sector: Consumer Cyclical
Industry: Specialty Retail
IPO Date: 2014-03-20
Website: https://www.landsend.com
Lands' End, Inc. (LE) - Company Information
Market Cap: 382.55M · Sector: Consumer Cyclical
Lands' End, Inc. operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail segments. The company sells its products online through e-commerce, company operated stores, as well as through third party distribution channels under the Lands' End, Let's Get Comfy, Lands' End Lighthouse, Square Rigger, Squall, Super-T, Drifter, Outrigger, Marinac, Beach Living, as well as Supima, No-Gape, Starfish, Iron Knees, Hyde Park, Year' Rounder, ClassMate, Willis & Geiger, and ThermaCheck brands. As of January 28, 2022, it operated 30 stores. Lands' End, Inc. was founded in 1963 and is headquartered in Dodgeville, Wisconsin.
Analyst Sentiment
Based on 1 ratings
Analyst 1Y Forecast: $0.00
Average target (based on 2 sources)
Consensus Price Target
Low
$15
Median
$17
High
$18
Average
$17
Potential Upside: 32.6%
Price & Moving Averages
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Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"For the most recent period, LE reported revenues of $462.37M and net income of $12.27M, translating to earnings per share (EPS) of $0.40. The company has total assets of $751.07M and total liabilities of $506.77M, indicating a solid equity position with total equity at $244.30M. Operating cash flow was a strong $64.80M, and the free cash flow stands at $59.53M, reflecting healthy cash generation ability despite no dividends being paid. The market price is currently $12.56, with a one-year price change of +12.04%, suggesting moderate appreciation over the past year. The company has experienced significant volatility recently, evidenced by a -18.55% change over six months. LE's balance sheet showcases a manageable net debt of $14.00M relative to its equity. While the overall growth rate is positive, attention should be given to market conditions that negatively impacted performance in the shorter term."
Revenue Growth
Revenue growth is strong at $462.37M, indicating good expansion.
Profitability
Profitability is moderate, with a net income margin that requires improvement.
Cash Flow Quality
Healthy operating and free cash flow demonstrate solid cash generation capabilities.
Leverage & Balance Sheet
The company has manageable debt levels relative to equity.
Shareholder Returns
1-year price change of +12.04% reflects moderate shareholder returns.
Analyst Sentiment & Valuation
Market price of $12.56 is below consensus target of $16.5, indicating potential undervaluation.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Management framed Q4 as a “turning point” with 5% comp growth and strong customer acquisition (Q4 new-to-brand households +20% YoY) while offsetting tariff pressure. However, the hard numbers show tariffs/IEPA were directly responsible for a ~30 bps YoY gross margin decline in Q4; only after excluding unmitigated IEPA tariffs did gross margin rise materially (+~140 bps). Analysts probed how customer growth translated into an expanding file (management implied a younger cohort via broader segmentation and customization, including school uniforms). The biggest operational hurdle called out in Q&A was margin sensitivity to tariffs and Europe’s potential demand agitation from fuel/transport disruptions, though the company claims no current U.S. impact. The WHP deal is positioned as a balance sheet “unshackling” catalyst: $300M proceeds to repay the ~$234M term loan, targeting zero term loan debt and reduced interest expense. Tone was upbeat, but pressure in Q&A centered on margins, tariffs, and what operational levers (sourcing leadership, Shopify/SAP) can sustainably mitigate headwinds.
Growth Catalysts
- 5% comp growth in Q4 driven by owned, licensed, and marketplace businesses
- Third-party marketplace GMV momentum; marketplace revenue grew 4% with Amazon up double digits YoY
- Europe delivered high-single-digit comps reversing a multi-quarter trend (benefits from European e-commerce transformation; Q4 sales +9%)
- School uniform channel sustained double-digit growth
- U.S. solutions/franchise strength: Christmas stockings and canvas pocket totes up double digits YoY; weatherproofed assortment strength
- TikTok-driven quarter-zip trend: moved quickly to lead the quarter-zip trend; Bedford quarter-zip sweater was #1 pullover on Amazon during Black Friday weekend
- Record new-to-brand acquisition: Q4 new-to-brand households +20% YoY; ended year with positive new-to-brand growth overall
Business Development
- Transformative transaction with WHP Global: creation of a JV to monetize/build Lands’ End IP via licensing
- WHP transaction terms: Lands’ End contributes IP to the JV and receives $300 million cash proceeds for WHP’s 50% controlling stake
- WHP tender offer: WHP launched tender offer to purchase ~2.2 million shares at $45/share (substantial premium referenced vs pre-transaction trading levels)
- WHP JV economics: Lands’ End pays royalties to JV and receives roughly 50% of royalty payments received by the JV net of JV expenses
- Outfitters growth supported by new/major airline partner sourcing trip in India (named as “one of our major airline partners,” employees account for ~100,000 airline employees connected to the brand)
Financial Highlights
- Q4 gross margin: 45%, down ~30 bps YoY (driven by tariff headwinds partially offset by solutions-focused go-to-market)
- Q4 gross margin ex unmitigated IEPA tariffs: up ~140 bps to 47%
- FY2025 total revenue: $462.0M (+5% vs 2024)
- FY2025 GMV growth: low-single digits
- FY2025 gross margin: 49% (+~80 bps YoY); ex unmitigated IEPA tariffs gross margin: ~50% (+~180 bps)
- Q4 adjusted net income: $24M, $0.76 per share
- Q4 adjusted EBITDA: $47M (+9% YoY)
- FY2025 adjusted EBITDA: $102M (+10%); adjusted EBITDA margin up ~90 bps to 8%
- FY2025 adjusted EPS: $0.86 (up $0.46; >100% increase reported)
- SG&A: +$12M YoY; SG&A as % of net revenue +~90 bps driven by increased marketing spend for new customer acquisition and incentive accruals (partially offset by leverage from revenue growth and operational efficiencies)
- Balance sheet at Q4 end: term loan ~$234M; ABL had zero borrowings; inventories $269M (down 2% excluding IEPA tariff impact)
Capital Funding
- WHP JV cash proceeds: $300M received from WHP for the controlling 50% stake
- Use of proceeds: majority to retire the term loan in full
- Post-transaction expected balance sheet: zero term loan debt; ABL borrowings referenced as zero at quarter end
- Interest expense reduction implied by “markedly reduced interest expense” after term loan repayment
- Share repurchase program: $9M remaining at time of call
Strategy & Ops
- Marketing/CMO emphasis: appointed Chief Marketing Officer Sarah Sylvester (noted as first CMO in 10 years; marketing split between creative and performance being reunited)
- Digital/creative execution examples: homepage converted overnight for the quarter-zip trend; CDK on Instagram + St. Patrick’s Day amplification; holiday shop launched earlier
- Customer experience/personalization: chaotically customized New York SoHo pop-up; expanded embroidery intensity to attract younger customers; Christmas shop included higher-value personalization (cashmere embroidery mentioned)
- 2026 platform/infrastructure roadmap: “make a move to Shopify and replace our back end with SAP” (to enhance customization/personalization opportunities)
Market Outlook
- No forward financial guidance provided at this time due to WHP transaction; intent to provide guidance on the first-quarter earnings call after transaction closes
- Closing timing: transaction anticipated by end of Q1 2026; guidance expected with first-quarter results release
Risks & Headwinds
- Tariff headwinds impacted Q4 gross margin: ~30 bps decline YoY
- IEPA tariff reference: unmitigated IEPA tariffs called out; excluding them improved Q4 gross margin by ~140 bps (to 47%) and FY gross margin by ~180 bps (to 50%)
- Macro/europe risk: company not seeing war impact in U.S., but Europe may see agitation from economically disadvantaged customer groups as fuel shortage/airline disruptions become more likely (explicitly “watching” and “take action” readiness)
- Execution/IT transformation risk implied by ongoing modernization (platform changes: Shopify + SAP replacement) but full implementation timeline was not completed in provided transcript
Sentiment: MIXED
Note: This summary was synthesized by AI from the LE Q4 2025 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.