LANDS’ END generated $302,038,000 ($302.038 million) in Revenue and $3,451,000 ($3.451 million) of Net Income for the 13 weeks ended July 31, 2026, versus a prior-year quarterly loss. Investors also have $89,309,000 ($89.309 million) of ABL Facility borrowing availability and $60,000,000 ($60 million) in outstanding borrowings.

Key Highlights

  • Gross profit increased to $157,015,000 ($157.015 million) from $143,418,000 ($143.418 million) in the comparable quarter.
  • Six-month net income was $334,144,000 ($334.144 million), including a $491,622,000 ($491.622 million) gain on the WHP Transaction.
  • The ABL Facility showed $89,309,000 ($89.309 million) of borrowing availability, with $11,293,000 ($11.293 million) in outstanding letters of credit.

LANDS’ END, INC. (NASDAQ: LE) recorded $302,038,000 ($302.038 million) of net revenue for the 13 weeks ended July 31, 2026, up from $294,079,000 ($294.079 million) in the comparable period. Net income reached $3,451,000 ($3.451 million), compared with a prior-year net loss of $3,667,000 ($3.667 million). Basic Earnings Per Share were $0.12, while Diluted Earnings per Share were $0.11, compared with a $0.12 loss per share on both measures previously.

Quarterly Margins And Earnings

Gross profit was $157,015,000 ($157.015 million), compared with $143,418,000 ($143.418 million) in the comparable quarter. Cost of sales declined to $145,023,000 ($145.023 million) from $150,661,000 ($150.661 million). Selling and administrative expense rose to $135,250,000 ($135.25 million) from $129,356,000 ($129.356 million). Depreciation and amortization fell to $6,147,000 ($6.147 million) from $7,656,000 ($7.656 million). Equity method Investment income contributed $4,243,000 ($4.243 million) during the quarter, compared with none in the comparable period. Other operating expense, net was $11,674,000 ($11.674 million), versus $2,423,000 ($2.423 million). Interest expense declined to $1,021,000 ($1.021 million) from $9,262,000 ($9.262 million), while other income, net was $1,051,000 ($1.051 million), compared with $3,000. Income before income taxes was $8,217,000 ($8.217 million), compared with a loss before income taxes of $5,276,000 ($5.276 million). Income tax expense was $4,766,000 ($4.766 million), compared with a prior-year tax benefit of $1,609,000 ($1.609 million).

Six-Month Results Include WHP Gain

For the 26 weeks ended July 31, 2026, net revenue was $540,954,000 ($540.954 million), compared with $555,287,000 ($555.287 million) in the comparable period. Gross Profit was $268,527,000 ($268.527 million), versus $276,144,000 ($276.144 million). Operating results for the six-month period included an operating loss of $35,921,000 ($35.921 million), compared with Operating Income of $1,613,000 ($1.613 million). Selling and administrative expense was $261,702,000 ($261.702 million), compared with $252,818,000 ($252.818 million), and depreciation and amortization was $12,247,000 ($12.247 million), compared with $15,947,000 ($15.947 million). The period included a $491,622,000 ($491.622 million) gain on the WHP Transaction and a $9,172,000 ($9.172 million) loss on extinguishment of debt. Equity method investment income was $4,439,000 ($4.439 million), compared with none in the comparable period. Six-month net income was $334,144,000 ($334.144 million), compared with a net loss of $11,929,000 ($11.929 million).

ABL Facility Availability

The company’s committed revolving ABL Facility has a $225,000,000 ($225 million) limit and includes a $35,000,000 ($35 million) letters-of-credit sublimit. At July 31, 2026, outstanding borrowings were $60,000,000 ($60 million), compared with $35,000,000 ($35 million) in the comparable period. Outstanding letters of Credit totaled $11,293,000 ($11.293 million), compared with $10,911,000 ($10.911 million). Total ABL Facility utilization was $71,293,000 ($71.293 million), compared with $45,911,000 ($45.911 million). Borrowing availability stood at $89,309,000 ($89.309 million), compared with $87,625,000 ($87.625 million). The borrowing base was $160,602,000 ($160.602 million), compared with $133,536,000 ($133.536 million). The ABL Facility’s stated benchmark Options are Term SOFR or a Base Rate, at the company’s election. The Interest Rate shown for outstanding borrowings was 0.06%.

Share Count And Investment Income

LANDS’ END had 29,544,154 shares of common stock outstanding as of September 1, 2026, with a $0.01 par value. The quarterly weighted-average basic share count was 29,902,000, while diluted weighted-average shares were 30,108,000. The equity method investment generated $8,485,000 ($8.485 million) of net earnings for the 13-week period. For the 26-week period, the investment reported $8,878,000 ($8.878 million) of net earnings, with $4,439,000 ($4.439 million) attributable to LANDS’ END.