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Jan 31
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%.
Lands' End
Lands' End
Lands' End Revenue by Segment
Revenue by Segment
U.S. eCommerce Revenue
CapyFin.comOutfitters Revenue
CapyFin.comThird Party Revenue
CapyFin.comEurope eCommerce Revenue
CapyFin.comLicensing and Retail Revenue
CapyFin.com 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.
- Macroeconomic conditions continue to pose risks for consumer spending.
Revenue & Expenses
Visualization of income flow from segment revenue to net income