Lands' End Guides Q3 Revenue to $300M-$330M
LE is trading near its 52-week low of $9.56 (15% above the low).
Summary
Lands' End issued Q3 revenue guidance of $300M-$330M, a range that brackets last year's Q3 revenue of $318.4M. The midpoint of $315M implies roughly flat year-over-year performance, suggesting the company expects continued softness in its core apparel business. This follows a Q1 where revenue fell 8.5% to $238.9M, though net income was inflated by a one-time WHP Global joint venture gain. The company also provided Q3 adjusted EPS guidance of 7c-20c and full-year fiscal 2026 revenue guidance of $1.3B-$1.35B, with adjusted EPS of 44c-72c. In Q2, revenue slightly beat estimates.
At the time of this announcement, LE was trading at $10.98 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $346.4M. The 52-week trading range was $9.56 to $20.04. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.