Loading...
•
May 02
Lands' End Q1 2025 Earnings Report
Lands' End reported a decline in revenue and a deeper net loss in Q1 2025, though gross margin improved due to strategic licensing transitions.
Key Takeaways
Lands' End posted a net loss and revenue decline in Q1 2025, driven by ongoing licensing transitions and weak performance in certain segments. However, gross margin increased and adjusted EPS improved year-over-year.
Net revenue declined 8.5% year-over-year to $261.2 million.
Gross margin improved by 210 basis points to 50.8%.
Adjusted EPS improved to -$0.18 from -$0.20 the previous year.
Europe eCommerce and Licensing segments saw major revenue declines.
Lands' End
Lands' End
Lands' End Revenue by Segment
Lands' End Revenue by Geographic Location
Revenue by Segment
U.S. eCommerce Revenue
CapyFin.comOutfitters Revenue
CapyFin.comThird Party Revenue
CapyFin.comEurope eCommerce Revenue
CapyFin.comLicensing and Retail Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEurope Revenue
CapyFin.com Forward Guidance
Lands’ End maintained its full-year guidance despite macroeconomic and tariff headwinds, projecting positive net income and adjusted EBITDA growth.
Positive Outlook
- GMV expected to grow mid-to-high single digits.
- Full-year revenue projected between $1.33B and $1.45B.
- Net income expected between $8M and $20M.
- Adjusted EBITDA guidance in the range of $95M to $107M.
- Plans in place to mitigate tariff impacts with diversified sourcing.
Challenges Ahead
- China tariffs assumed at 30%, affecting less than 8% of costs.
- Net income guidance implies continued operational challenges.
- Marketplace performance remains mixed despite AI tools.
- Europe eCommerce requires turnaround after steep decline.
- Strategic alternatives process creates potential business uncertainty.
Revenue & Expenses
Visualization of income flow from segment revenue to net income