Filing Flows › Lands'' End (LE) › Q1 FY26
Lands'' End (LE) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 5, 2025
Lands'' End (LE) reported revenue of $228M for the first quarter fiscal 2026 (Q1 FY26), -0.4% from a year earlier and -40% from the quarter before. Operating margin was -1.0%, net loss $8.3M (3.6% of revenue).
Lands'' End, Q1 FY26: revenue $228M (-0.4% year over year), operating margin -1.0%, net loss $8.3M, operating cash flow −$22.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $228M | -40% | -0.4% |
| Operating profit | −$2.4M | -106% | — |
| Net earnings | −$8.3M | -145% | — |
| Operating cash flow | −$22.5M | -134% | — |
What changed
Revenue was $227.8M in Q1 FY26, roughly flat year over year and down 40% from the previous quarter. U Se Commerce was the largest line at 75% of revenue. Licensing and Retail lost $16.2M year over year (down 51%), 1659% of the total change.
Gross margin was 58.3%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $2.4M, an operating margin of -1.0%. Operating expenses fell 1% while revenue was flat. The fastest-growing cost line was Other operating costs (+24%). The quarter ended with a net loss of $8.3M, after a profit of $18.5M the previous quarter. Net interest and other expense of $9.3M was the main reason.
Operating cash flow was −$22.5M. Non-cash charges added back $8.3M of depreciation and amortization and $920K of share-based compensation. Working capital and other items used $23.4M. Capital expenditures of $8.3M exceeded it, leaving free cash flow of −$30.7M.
Questions
What was Lands'' End's revenue in the first quarter fiscal 2026?
Lands'' End (LE) reported revenue of $228M for the first quarter fiscal 2026 (Q1 FY26), -0.4% from a year earlier and -40% from the quarter before.
Was Lands'' End profitable in the first quarter fiscal 2026?
Operating loss was $2.4M (-1.0% of revenue) and net loss $8.3M.
Source: Lands'' End 10-Q on SEC EDGAR.