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Lands' END, Inc. (LE) stock

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NASDAQ: LE Nasdaq Apparel Retail Next results ~December 8, 2026

B Fundamentals grade

Lands' END, Inc. is a US-listed company in the apparel retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 13221% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 13221% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Lands' END, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 12 selling0 purchases and 16 sales by directors and officers, last 12 monthsInsider trades
  • Funds51 adding, 73 cuttingOf 22 active managers that changed their stake, 10 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Lands' END files

Where Lands' END stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $1.15bn, up 1.4% on a year earlier, against a decline of 1.2% a quarter earlier. Free-cash-flow margin fell to -6.4% from 0.5% a year earlier. Operating margin narrowed to 0.6% from 4.2%. It passes 6 of our 7 financial-health checks.

Our model value for Lands' END is under review, so past values are not shown until it is resolved.

Source: 10-Q filed September 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 8, 2026 (estimated)

Lands' END, Inc.'s trailing-twelve-month revenue grew 1.4% year on year, with a free-cash-flow margin of -6.4%. Where it stands out: net margin of 30.5% ranks 1 of 28 apparel retail companies we cover. Where it lags: free-cash-flow margin of -6.4% ranks 27 of 28 apparel retail companies we cover.

Our discounted-cash-flow model values the business at ~$12 per share in the base case (~$8.8–$15 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Earnings running well ahead of cash (high accruals): Over the last 12 months net income exceeded operating cash flow by an amount equal to 41.0% of total assets. Earnings built on accounting accruals rather than cash have historically proved less persistent.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.2% in a year, so each share owns more of the business.

Things to watch

  • Margins narrowing. Operating margin is down 3.6 points on a year ago.
  • Burning cash. Free cash flow was -6.4% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 65% and a beta of 1.2 against the S&P 500.
  • Insiders selling. 12 insiders sold $61M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was -21% of net income over the last 12 months.
  • Below peers: days sales outstanding. Days sales outstanding of 12 days ranks 10 of 12 apparel retail companies we cover (median 6 days).

Latest results: FY2027 Q2

Filed September 3, 2026
Earnings per share
$0.09 against an average estimate of $0.10: missed by 6.9%
Revenue
$269m, up 5.3% on a year earlier
Share reaction
-2.9% in the first session after the results on September 3, 2026, against +0.7% for the S&P 500
Guidance given
net revenue $300m to $330m (Third Quarter fiscal 2026); net loss / Net income $-1m to $3m (Third Quarter fiscal 2026)
Next report
September 3, 2026; average EPS estimate $0.09

Lands' END's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.6%
  • 1 week+2.3%
  • 1 month-6.1%
  • This year-33.4%
  • 1 year-38.6%
  • 5 years-64.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.2B
Operating margin
0.6%
Net margin
30.5%
EPS (TTM, diluted)
$11.35

Growth

Revenue growth
+1.4%
Change in growth rate
+2.5 pts
Share count change
−1.2%

Cash

Free cash flow (TTM)
-$73.4M
FCF margin
-6.4%
Stock pay % of revenue
0.5%

Earnings

Last results
September 3, 2026
Next results (est.)
December 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Guidance
  4. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Lands' END, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 13221% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Lands' END, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.22 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$12 ~$8.8–$15 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$17 ~$13–$23 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$17 ~$15–$20 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Lands' END, Inc. with Apparel Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$21.78$15.30$16.30$17.76$11.65$27.61$18.13$9.01$9.29$12.45$17.76$9.66
Market value$697m$490m$523m$578m$377m$902m$611m$298m$297m$394m$551m$300m
+ Net debt (− = net cash)−$228m−$213m−$196m−$195m−$77m−$34m−$34m−$40m−$25m−$16m−$18m−$16m
Enterprise value$468m$277m$328m$382m$300m$868m$576m$259m$272m$378m$533m$283m
Multiples
Price / sales 0.5x0.4x0.4x0.4x0.3x0.6x0.4x0.2x0.2x0.3x0.5x0.3x
Price / earnings ——18.6x49.8x19.5x83.2x18.3x——63.2x100.1x0.9x
Price / free cash flow 49.4x——172.5x—14.7x13.5x—3.1x25.6x27.0x—
EV / EBITDA 38.0x—6.1x5.4x3.9x11.1x4.8x4.1x—4.5x7.2x8.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Lands' END's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Cash operating profit has been a median 6.4% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 43.1%, moving by 6.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.4%; its worst year was -11.8%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median -0.0% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.6% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.51 −41% $1.3bn −0%
Next $0.85 +67% $1.4bn +4%

Next year's EPS estimate has moved −5.6% in 90 days, across 3 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.10 $0.09 −6.9%
Apr 2026 −$0.20 −$0.11 +46.3%
Jan 2026 $0.77 $0.76 −0.6%
Oct 2025 $0.17 $0.21 +27.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 3, 2026
  • Net revenue fiscal 2026 $1.3bn to $1.35bn
    “Net revenue to be between $1.30 billion and $1.35 billion.” source
  • Net revenue Third Quarter fiscal 2026 $300m to $330m
    “Net revenue to be between $300.0 million and $330.0 million.” source
  • Diluted earnings per share fiscal 2026 $10.87 to $11.14
    “Net income to be between $317.0 million and $325.0 million and diluted earnings per share to be between $10.87 and $11.14.” source
  • Adjusted diluted earnings per share fiscal 2026 $0.44 to $0.72 Non-GAAP
    “Adjusted net income to be between $13.0 million and $21.0 million and Adjusted diluted earnings per share to be between $0.44 and $0.72.” source
  • Diluted loss per share / diluted earnings per share Third Quarter fiscal 2026 $-0.03 to $0.10
    “Net loss to be between $1.0 million and net income of $3.0 million and diluted loss per share to be between $0.03 and diluted earnings per share of $0.10.” source
  • Adjusted diluted earnings per share Third Quarter fiscal 2026 $0.07 to $0.20 Non-GAAP
    “Adjusted net income to be between $2.0 million and $6.0 million and Adjusted diluted earnings per share to be between $0.07 and $0.20.” source
Show 7 more items
  • Net income fiscal 2026 $317m to $325m
    “Net income to be between $317.0 million and $325.0 million and diluted earnings per share to be between $10.87 and $11.14.” source
  • Adjusted net income fiscal 2026 $13m to $21m Non-GAAP
    “Adjusted net income to be between $13.0 million and $21.0 million and Adjusted diluted earnings per share to be between $0.44 and $0.72.” source
  • Adjusted EBITDA fiscal 2026 $62m to $70m Non-GAAP
    “Adjusted EBITDA in the range of $62.0 million to $70.0 million.” source
  • Capital expenditures full year about $40m
    “For the full year, the Company's guidance includes approximately $40.0 million of capital expenditures.” source
  • Net loss / Net income Third Quarter fiscal 2026 $-1m to $3m
    “Net loss to be between $1.0 million and net income of $3.0 million and diluted loss per share to be between $0.03 and diluted earnings per share of $0.10.” source
  • Adjusted net income Third Quarter fiscal 2026 $2m to $6m Non-GAAP
    “Adjusted net income to be between $2.0 million and $6.0 million and Adjusted diluted earnings per share to be between $0.07 and $0.20.” source
  • Adjusted EBITDA Third Quarter fiscal 2026 $14m to $18m Non-GAAP
    “Adjusted EBITDA in the range of $14.0 million to $18.0 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622
  4. Jul 202622

Counts of recommendations published by analysts covering Lands' END, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.7%
of tradable shares
Days to cover
9.39
at average volume
Short interest, 1 month
+20%
to September 30, 2026
Held by institutions
35%
of shares
Held by insiders
71.7%
of shares
Employees
2,208
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −38.6%

$15.74 on October 31, 2025 to $9.66

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.2bn +1.4%
Net margin 0.5% 30.5% +5684.2%
P/E multiple 82.3x 0.9x −99.0%
Share count 31m 31m +1.2%

Biggest factor: p/e multiple.

Last 3 years +44.5%

$6.69 on November 3, 2023 to $9.66

ThenNowEffect
Revenue (last 12 months) $1.3bn $1.2bn −10.3%
P/S multiple 0.2x 0.3x +53.1%
Share count 33m 31m +5.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LE−9%−61%+26%+37%+11%−33%
Industry peers (median)+70%−40%+5%+9%+7%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LE42%33%50%58%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LE−59%−67%−40%−34%−44%−51%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 86% from June 12, 2018 to April 3, 2020. Getting back needed a 619% gain, reached on January 22, 2021, 294 days after the low.

Price behaviour

52-week range
$9.33 – $19.15
From 52-week high
−49.5%
vs 50-day average
−7.6%
vs 200-day average
−22.6%
Volatility (1 year)
65%
Beta vs S&P 500
1.22

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±9.8%
After a week
7 up, 5 down
typical move ±10.0%
After a month
7 up, 5 down
typical move ±16.3%
Results releasedNext dayS&P 500 next day5 days21 days
September 3, 2026 −2.9% +0.7% −8.0% −5.7%
June 9, 2026 +10.2% −1.9% +8.2% +0.4%
March 19, 2026 −10.5% −1.7% +1.9% −6.2%
December 9, 2025 −8.0% +0.6% −4.0% −7.6%
September 9, 2025 +2.8% +0.5% +5.7% +5.4%
June 5, 2025 +1.0% +0.5% +19.6% +43.6%
March 20, 2025 −10.4% −0.3% −5.1% −23.0%
December 5, 2024 −10.8% 0.0% −11.2% −16.8%
September 5, 2024 −12.8% −1.9% −6.6% +9.9%
June 5, 2024 −6.0% +1.2% +3.9% +3.5%
March 27, 2024 +17.1% +0.8% +18.3% +39.9%
December 5, 2023 +25.4% −0.4% +27.1% +33.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Lands' END, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Lands' END, Inc.
$1.1B $1.2B $1.2B $1.3B $1.3B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $1.2B Revenue (TTM), FY24 Q4: $1.3B Revenue (TTM), FY25 Q1: $1.2B Revenue (TTM), FY25 Q2: $1.2B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.2B Revenue (TTM), FY26 Q2: $1.1B Revenue (TTM), FY26 Q3: $1.1B Revenue (TTM), FY26 Q4: $1.2B Revenue (TTM), FY27 Q1: $1.1B Revenue (TTM), FY27 Q2: $1.2B $1.2B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $1.2B
FY24 Q4 $1.3B
FY25 Q1 $1.2B
FY25 Q2 $1.2B
FY25 Q3 $1.1B
FY25 Q4 $1.2B
FY26 Q1 $1.2B
FY26 Q2 $1.1B
FY26 Q3 $1.1B
FY26 Q4 $1.2B
FY27 Q1 $1.1B
FY27 Q2 $1.2B
Revenue growth, TTM YoY Lands' END, Inc.
-30% -20% -10% 0% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -21.5% Revenue growth, TTM YoY, FY24 Q4: -1.2% Revenue growth, TTM YoY, FY25 Q1: -7.8% Revenue growth, TTM YoY, FY25 Q2: -9.9% Revenue growth, TTM YoY, FY25 Q3: -10.7% Revenue growth, TTM YoY, FY25 Q4: -10.7% Revenue growth, TTM YoY, FY26 Q1: -4.9% Revenue growth, TTM YoY, FY26 Q2: -1.8% Revenue growth, TTM YoY, FY26 Q3: 3.1% Revenue growth, TTM YoY, FY26 Q4: 0.7% Revenue growth, TTM YoY, FY27 Q1: -1.2% Revenue growth, TTM YoY, FY27 Q2: 1.4% 1.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -21.5%
FY24 Q4 -1.2%
FY25 Q1 -7.8%
FY25 Q2 -9.9%
FY25 Q3 -10.7%
FY25 Q4 -10.7%
FY26 Q1 -4.9%
FY26 Q2 -1.8%
FY26 Q3 3.1%
FY26 Q4 0.7%
FY27 Q1 -1.2%
FY27 Q2 1.4%
Operating margin (TTM) Lands' END, Inc.
-10% -5% 0% 5% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: -5.9% Operating margin (TTM), FY24 Q4: -6.0% Operating margin (TTM), FY25 Q1: -7.0% Operating margin (TTM), FY25 Q2: -7.6% Operating margin (TTM), FY25 Q3: 2.0% Operating margin (TTM), FY25 Q4: 4.4% Operating margin (TTM), FY26 Q1: 4.0% Operating margin (TTM), FY26 Q2: 4.2% Operating margin (TTM), FY26 Q3: 4.8% Operating margin (TTM), FY26 Q4: 3.8% Operating margin (TTM), FY27 Q1: 0.2% Operating margin (TTM), FY27 Q2: 0.6% 0.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 -5.9%
FY24 Q4 -6.0%
FY25 Q1 -7.0%
FY25 Q2 -7.6%
FY25 Q3 2.0%
FY25 Q4 4.4%
FY26 Q1 4.0%
FY26 Q2 4.2%
FY26 Q3 4.8%
FY26 Q4 3.8%
FY27 Q1 0.2%
FY27 Q2 0.6%
FCF margin (TTM) Lands' END, Inc.
-10% -5% 0% 5% 10% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 7.0% FCF margin (TTM), FY24 Q4: 7.4% FCF margin (TTM), FY25 Q1: 7.1% FCF margin (TTM), FY25 Q2: 4.9% FCF margin (TTM), FY25 Q3: 4.8% FCF margin (TTM), FY25 Q4: 1.3% FCF margin (TTM), FY26 Q1: 1.5% FCF margin (TTM), FY26 Q2: 0.5% FCF margin (TTM), FY26 Q3: 0.9% FCF margin (TTM), FY26 Q4: 1.8% FCF margin (TTM), FY27 Q1: -2.9% FCF margin (TTM), FY27 Q2: -6.4% -6.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 7.0%
FY24 Q4 7.4%
FY25 Q1 7.1%
FY25 Q2 4.9%
FY25 Q3 4.8%
FY25 Q4 1.3%
FY26 Q1 1.5%
FY26 Q2 0.5%
FY26 Q3 0.9%
FY26 Q4 1.8%
FY27 Q1 -2.9%
FY27 Q2 -6.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Feb 2013 2014 Jan 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 1,586 1,563 1,555 1,420 1,336 1,407 1,452 1,450 1,427 1,637 1,309 1,293 1,154 1,163 1,154
Gross profit 704 710 736 653 576 597 616 622 606 691 594 626 653 650 643
EBITDA 105 150 159 12 −134 54 70 77 78 119 63 −39 85 74 33
Operating income 82 128 140 −5 −153 29 43 45 41 80 25 −78 51 44 7
Net income 50 79 74 −20 −110 28 12 19 11 33 −13 −131 6 6 352
Diluted EPS $1.56 $2.47 $2.31 −$0.61 −$3.43 $0.88 $0.36 $0.60 $0.33 $0.99 −$0.38 −$4.09 $0.20 $0.18 $11.35
Growth (year on year)
Revenue — −1.5% −0.5% −8.7% −5.9% +5.3% +3.2% −0.1% −1.6% +14.7% −20.0% −1.2% −10.7% +0.7% +1.4%
EBITDA — +42.6% +6.3% −92.3% — — +29.9% +9.1% +2.5% +51.6% −46.6% −161.5% — −12.2% −58.4%
Operating income — +56.5% +8.8% −103.6% — — +46.5% +6.7% −9.5% +93.9% −69.0% — — −13.1% −85.9%
Net income — +58.2% −6.4% −126.5% — — −58.9% — — — −137.5% — — — —
Diluted EPS — +58.3% −6.5% −126.4% — — −59.1% — — — −138.4% — — — —
Margins
Gross margin 44.4% 45.5% 47.3% 46.0% 43.2% 42.5% 42.4% 42.9% 42.4% 42.2% 45.4% 48.4% 56.6% 55.9% 55.7%
EBITDA margin 6.6% 9.6% 10.2% 0.9% −10.0% 3.8% 4.8% 5.3% 5.5% 7.3% 4.8% −3.0% 7.3% 6.4% 2.9%
Operating margin 5.2% 8.2% 9.0% −0.4% −11.4% 2.1% 2.9% 3.1% 2.9% 4.9% 1.9% −6.0% 4.4% 3.8% 0.6%
Net margin 3.1% 5.0% 4.7% −1.4% −8.2% 2.0% 0.8% 1.3% 0.8% 2.0% −1.0% −10.1% 0.5% 0.5% 30.5%
Free-cash-flow margin 5.1% 6.7% 12.5% 1.0% −0.7% −0.7% 0.2% −0.8% 4.3% 2.8% −5.2% 7.4% 1.3% 1.8% −6.4%
Cash flow
Cash from operations 96 115 211 36 24 28 48 27 92 71 −36 131 53 50 −37
Capital spending 15 10 17 22 33 38 45 39 30 25 32 35 38 29 36
Free cash flow 81 105 195 14 −9 −10 3 −12 61 45 −68 96 15 20 −73
Stock-based pay 0 0 2 2 2 4 6 9 9 10 4 4 5 5 6
Free cash flow after stock pay 81 105 192 12 −11 −14 −3 −20 52 35 −72 92 11 15 −79
Balance sheet
Cash 22 22 221 228 213 196 195 77 34 34 40 25 16 18 16
Total debt — — — — — — — — — — — — — — 0
Net debt (negative = net cash) −22 −22 −221 −228 −213 −196 −195 −77 −34 −34 −40 −25 −16 −18 −16
Diluted shares 32m 32m 32m 32m 32m 32m 33m 32m 33m 34m 33m 32m 32m 31m 31m
Returned to shareholders
Dividends 0 0 500 0 0 — — — — — — — — — —
Buybacks — — — — — — — — — — 8 12 — — —
Total returned 0 0 500 0 0 — — — — — 8 12 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · July 31, 2026
What it owns · $950m
Short-term assets $428mLonger-term assets $522m
What it owes, and who funded it · $950m
Short-term liabilities $271mLonger-term liabilities $186mShareholders' equity $493m
  • Short-term assets cover short-term liabilities $428m of assets due within a year against $271m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $428m short-term assets against $186m of longer-dated liabilities.
  • More cash than debt $16m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 58% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over Operating income of $7m against $25m of interest.

From Lands' END, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−1.2%
year over year
Sales & admin spending
49.4%
of revenue
Days sales outstanding
12 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in apparel retail
Last 12 months unless stated LE PLCE SHOE BKE SFIX CURV Median
Revenue, last 12 months $1.2bn $1.1bn $1.1bn $1.3bn $1.3bn $949m $1.1bn
Revenue growth, last 12 months 1.4% −15.9% −4.1% 6.2% 6.4% −11.2% 4.2%
Revenue growth, 3-year average −3.6% −11.7% −2.9% 0.5% −5.4% −7.1% 0.9%
Revenue growth, latest quarter 5.3% −18.9% −7.2% 4.6% 4.2% −11.8% 4.4%
Gross margin 55.7% 29.0% 34.5% 49.0% 43.7% 34.7% 40.1%
Operating margin 0.6% −8.2% 2.8% 20.8% −1.6% 1.9% 2.0%
Operating margin, 3-year average −0.9% −3.8% 5.8% 20.4% −4.9% 3.5% 0.2%
Net margin 30.5% −11.8% 2.2% 16.6% −0.9% −0.9% 1.5%
Cash from operations / revenue −3.2% 4.4% 9.2% 19.4% 2.9% −0.1% 4.9%
Free-cash-flow margin −6.4% 2.0% 6.0% 14.4% 1.5% −1.4% 2.9%
Free-cash-flow margin, 3-year average −0.3% −1.4% 5.4% 16.1% 1.1% 1.1% 1.7%
Stock pay / revenue 0.5% −0.0% 0.8% — 3.5% 0.6% 0.7%
Change in share count −1.2% 28.0% −0.2% 0.8% 4.2% −5.6% −0.3%

Median of all 28 companies we cover in apparel retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

28 apparel retail companies
Measure Company Peer median Rank
Revenue growth Growth 1.4% 4.7% 17 of 28
Change in growth rate Growth +2.5pp -0.2pp 3 of 28
Gross margin Profitability 55.7% 40.5% 5 of 26
Operating margin Profitability 0.6% 1.9% 16 of 25
Net margin Profitability 30.5% 1.7% 1 of 28
Free-cash-flow margin Cash generation -6.4% 3.0% 27 of 28
Stock pay as % of revenue Cash generation 0.5% 0.7% 9 of 26
Long-term debt as % of assets Balance sheet 0.0% 11.6% 1 of 13
Change in share count Balance sheet -1.2% -0.3% 9 of 27
Days sales outstanding Balance sheet 12 days 6 days 10 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 30, 2026
Products and services
Line of business Revenue Share YoY
Total US Digital Segment Revenue $1.2B 87.1% ▲ 0.7%
U Se Commerce $830M 71.4% ▼ 1.5%
Business Outfitters Revenue $242M 20.8% ▲ 6.0%
Third Party $91.2M 7.8% ▲ 9.1%
Europe E Commerce $90.2M 6.8% ▼ 12.5%
Licensing and Retail $82.2M 6.2% ▼ 22.0%
Geography
Region Revenue Share YoY
United States $1.2B 92.4% ▼ 1.0%
Europe $92.5M 6.9% ▼ 11.9%
Other Continental Regions $9.6M 0.7% ▼ 24.1%

From Lands' END, Inc.'s 10-K filed March 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$104M
Institutions reporting
125
Shares held vs prior quarter
▼ 15.9%
Positions opened / closed
21 / 20

Top buyers and sellers, Q2 2026: 51 institutions bought and 73 sold ; the biggest buyer was Towerview LLC (+262K shares) and the biggest seller Susquehanna International Group, LLP (−596K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dimensional Fund Advisors LP $12.1M 1.2M 11.6% ▼ 1.8%
Blackrock, Inc. $9.2M 881K 8.9% ▲ 2.3%
Towerview LLC $9M 855K 8.6% ▲ 44.3%
Arrowstreet Capital, Limited Partnership $6M 577K 5.8% ▲ 20.6%
American Century Companies Inc $5.7M 540K 5.4% ▲ 5.0%
Vanguard Capital Management LLC $5.2M 496K 5.0% ▼ 0.3%
Bank Of America Corp $3.9M 376K 3.8% ▼ 29.4%
UBS Group AG $3.4M 321K 3.2% ▲ 149.9%
GAMCO Investors, Inc. Et Al $3.1M 296K 3.0% ▼ 7.7%
Geode Capital Management, LLC $3M 289K 2.9% ▲ 4.0%
State Street Corp $2.7M 256K 2.6% ▼ 2.0%
D. E. Shaw & Co., Inc. $2.6M 249K 2.5% ▲ 285.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Lands' END, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $60.6M 16 trades by 12 insiders · 0% under pre-set plans
Net ▼ $60.6M net selling
Insider Date Trade Shares Price Value
Maas Kym President, Product & CCO October 7, 2026 Sell 10,000 $10.59 $105,900
Mccracken Bernard Louis Iii CFO and Treasurer April 1, 2026 Sell 3,362 $45.00 $151,290
Gray Peter L PRES LE Licensing, CAO & GC April 1, 2026 Sell 11,454 $45.00 $515,430
Mclean Andrew J. Chief Executive Officer April 1, 2026 Sell 16,918 $45.00 $761,310
Maas Kym President, LE Consumer & CCO April 1, 2026 Sell 1,440 $45.00 $64,800
Christopher Martin D. EVP, Chief Technology Officer April 1, 2026 Sell 530 $45.00 $23,850
Linden Josephine Director April 1, 2026 Sell 3,482 $45.00 $156,690
Hartogensis Gordon Director April 1, 2026 Sell 752 $45.00 $33,840
Galvin Robert Director April 1, 2026 Sell 266 $45.00 $11,970
Galvin Robert Director April 1, 2026 Sell 2,548 $45.00 $114,660
Galvin Robert Director April 1, 2026 Sell 152 $45.00 $6,840
Leykum Elizabeth Director April 1, 2026 Sell 935 $45.00 $42,075

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around December 8, 2026 estimated from the company's past filing pattern, not announced

  • September 3, 2026
  • June 9, 2026
  • March 19, 2026
  • December 9, 2025
  • September 9, 2025
  • June 5, 2025

Recent SEC filings

Data status

When each part of this page on Lands' END, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Lands' END, Inc. in brief

What does Lands' END, Inc. do?
Lands' END, Inc. is a US-listed company in the apparel retail industry. Its financial year ends in January.
What is Lands' END, Inc.'s stock ticker?
Lands' END, Inc. trades under the ticker LE on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Lands' END, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Lands' END, Inc. reported revenue of $1.2B, 1.4% higher than a year earlier, according to its SEC filings.
What is Lands' END, Inc.'s free cash flow?
Lands' END, Inc.'s free-cash-flow margin is -6.4% of revenue over the trailing twelve months, ranking 27 of the 28 apparel retail companies we cover.
Who are Lands' END, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dimensional Fund Advisors LP, Blackrock, Inc. and Towerview LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Lands' END, Inc.'s market cap?
On November 2, 2026, Lands' END, Inc.'s market capitalisation was about $300M, with a price-to-earnings ratio of 0.9 and net debt of -$16.1M. Market figures come from third-party market data and may be delayed.
How much debt does Lands' END, Inc. have?
Lands' END, Inc.'s debt-to-equity ratio is 0.0%, from its latest balance sheet (57.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Lands' END, Inc.'s competitors?
In our Apparel Retail peer group, the companies closest to Lands' END, Inc. are Childrens Place, Inc., Shoe Station Group Inc, Buckle Inc, Stitch Fix, Inc. and Torrid Holdings Inc. The side-by-side comparison below sets their revenue, margins and growth against Lands' END, Inc.'s.
Are insiders buying or selling Lands' END, Inc. stock?
Over the last 12 months, Lands' END, Inc.'s directors and officers reported 0 open-market purchases and 16 sales on Form 4. The insider trading page charts every trade.
When is Lands' END, Inc.'s next earnings date?
Around December 8, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Lands' END, Inc. announces its own schedule.