Digital apparel retailer Lands End Q2 revenue slightly beats estimates

Lands' End

03/09/2026 11:56

Overview
U.S. digital apparel retailer's Q2 revenue rose 2.7%, a slight beat versus analyst expectations
Adjusted EPS for Q2 missed analyst expectations
Company repurchased $10.5 mln in stock, about 3% of shares outstanding

Outlook
Lands End expects Q3 net revenue between $300 mln and $330 mln
Company sees Q3 adjusted diluted EPS between $0.07 and $0.20
Lands End forecasts full-year net revenue of $1.30 bln to $1.35 bln

Result Drivers
WAREHOUSE SYSTEM DISRUPTION - U.S. eCommerce revenue growth was mainly driven by carryover shipments following temporary disruption from the rollout of a new warehouse management system
TARIFF REFUNDS - Gross margin improvement was mainly due to IEEPA tariff refunds, partly offset by new royalty structure and temporary warehouse management system costs
ENTERPRISE ACCOUNTS - Outfitters segment revenue growth was driven by enterprise accounts, which offset warehouse management system challenges in school uniform business

Company press release: ID:nGNX6tSDnG

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$302.04 mln
$301.06 mln (3 Analysts)
Q2 Adjusted EPS
Miss
$0.09
$0.10 (3 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Lands' End, Inc. is $20.00, about 77.5% above its September 2 closing price of $11.27
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Sept 2 - G-III Apparel Q2 profit beats estimates on margin expansion
Sept 2 - PVH Q2 revenue falls on wholesale weakness
Sept 3 - Duluth Holdings' Q2 profit rises on tariff refunds

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)