Filing Flows › Lands'' End (LE) › Q1 FY27
Lands'' End (LE) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 9, 2026
Lands'' End (LE) reported revenue of $205M for the first quarter fiscal 2027 (Q1 FY27), -10% from a year earlier and -49% from the quarter before. Operating margin was -21.5%, net earnings $331M (161.2% of revenue).
Lands'' End, Q1 FY27: revenue $205M (-10% year over year), operating margin -21.5%, net earnings $331M, operating cash flow −$74.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $205M | -49% | -10% |
| Operating profit | −$44.1M | -270% | — |
| Net earnings | $331M | 27× | — |
| Operating cash flow | −$74.2M | -214% | — |
What changed
Revenue was $205.1M in Q1 FY27, down 10% year over year and down 49% from the previous quarter. U Se Commerce was the largest line at 75% of revenue. U Se Commerce lost $17.4M year over year (down 10%), 77% of the total change.
Gross margin was 54.4%, down 3.9 points from Q1 FY26. Operating costs exceeded revenue by $44.1M, an operating margin of -21.5%. Operating expenses grew 15% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+151%). Net earnings were $330.7M. The effective tax rate was 23.6%. Non-operating items added $476.8M, 110% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$74.2M. Non-cash charges added back $6.1M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $414.2M. Capital expenditures of $10.2M exceeded it, leaving free cash flow of −$84.4M.
Questions
What was Lands'' End's revenue in the first quarter fiscal 2027?
Lands'' End (LE) reported revenue of $205M for the first quarter fiscal 2027 (Q1 FY27), -10% from a year earlier and -49% from the quarter before.
Was Lands'' End profitable in the first quarter fiscal 2027?
Operating loss was $44.1M (-21.5% of revenue) and net earnings $331M.
Source: Lands'' End 10-Q on SEC EDGAR.