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Jan 31, 2025
Lands' End Q4 2024 Earnings Report
Lands' End reported improved profitability in Q4 2024 with higher gross margins and a return to positive net income despite lower revenue.
Key Takeaways
Lands' End posted Q4 2024 revenue of $441.66 million, down 14.2% year-over-year due to product line transitions and reduced promotional activity. The company reported net income of $18.52 million and operating income of $36.95 million. EPS came in at $0.59, and adjusted EPS was $0.57, reflecting operational improvements and margin expansion.
Q4 2024 revenue declined 14.2% year-over-year to $441.66 million.
Net income reached $18.52 million, compared to a net loss of $8.62 million in Q4 2023.
GAAP diluted EPS was $0.59, with adjusted diluted EPS of $0.57.
Gross margin improved by approximately 760 basis points to 45.6%.
Revenue by Segment
Forward Guidance
For fiscal 2025, Lands' End expects net revenue between $1.33 billion and $1.45 billion, mid-to-high single-digit GMV growth, net income between $8 million and $20 million, and adjusted diluted EPS between $0.48 and $0.86.
Positive Outlook
- Projected mid-to-high single-digit GMV growth.
- Ongoing focus on licensing strategy to improve profitability.
- Emphasis on high-quality sales expected to drive margin expansion.
- Capital expenditures expected at approximately $30 million.
- Enhanced digital marketing and customer acquisition efforts planned.
Challenges Ahead
- Q1 2025 net loss expected between $9 million and $6 million.
- Potential impacts from global tariffs factored into guidance.
- Inventory management and flow remain key operational challenges.
- Higher restructuring and exit costs could impact short-term performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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