Short answer
LANDS' END, INC. (LE) filed its Q2 2026 10-Q quarterly report on Jun 9, 2026 for the quarter ended May 1, 2026. Quarterly revenue was $239M (down 8.5% year over year) with net income of $331M.
Q2 2026 key financials · XBRL
- Revenue
- $239M
- −8.5% YoY
- Net income
- $331M
- +4102.6% YoY
- Operating margin
- -18.5%
- Gross margin
- 46.7%
- EPS (diluted)
- $10.56
- +4011.1% YoY
Source: XBRL data from the LANDS' END, INC. (LE) Q2 2026 10-Q on SEC EDGAR. USD.
LANDS' END, INC. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $238.9M, down 8.5% YoY from $261.2M, disrupted by warehouse-system rollout and shipment pacing
- Gross margin 46.7% vs 50.8% YoY; operating margin (18.5%) vs (0.9%)
- Best channel Europe eCommerce revenue $20.5M, up 14.5%; worst U.S. eCommerce $153.3M, down 10.2%
- WHP Transaction generated $300M cash proceeds; term loan fully repaid using transaction proceeds
- Adjusted EBITDA $(6.2)M vs $9.5M; headwinds from tariffs, royalties, inflation, interest rates, and shipping disruptions
Risk Factors
- New risk: WHP Transaction closed in Q1 2026, creating uncertainty around JV performance and realization of anticipated benefits
- Most material update: Lands’ End brand license now requires minimum annual royalties of $50 million through contract year 11
- Regulatory and legal risk: Brand-protection failures or third-party infringement claims could force costly damages, royalties, or trademark discontinuation
- Operational risk: License termination would eliminate substantially all rights needed to operate under the Lands’ End brand
- Financial risk: Minimum royalty payments could exceed sales-based obligations during reduced sales or adverse market conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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