Filing Flows › Lands'' End (LE) › Q2 FY26
Lands'' End (LE) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 9, 2025
Lands'' End (LE) reported revenue of $255M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and +12% from the quarter before. Operating margin was 1.6%, net loss $3.7M (1.4% of revenue).
Lands'' End, Q2 FY26: revenue $255M (-6% year over year), operating margin 1.6%, net loss $3.7M, operating cash flow $22.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $255M | +12% | -6% |
| Operating profit | $4.0M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | $22.9M | — | -25% |
| Free cash flow | $14.1M | — | -46% |
What changed
Revenue was $255.3M in Q2 FY26, down 6% year over year and up 12% from the previous quarter. U Se Commerce was the largest line at 66% of revenue. U Se Commerce lost $21.1M year over year (down 11%), 139% of the total change.
Gross margin was 56.2%, unchanged from a year earlier. Operating profit was $4.0M, a 1.6% margin (up 0.6 points year over year). Operating expenses fell 7% while revenue fell 6%. The quarter ended with a net loss of $3.7M, narrower than the previous quarter's $8.3M loss. Net interest and other expense of $9.3M was the main reason.
Operating cash flow was $22.9M (down 25% year over year). Non-cash charges added back $7.7M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $17.6M. Capital expenditures of $8.9M left free cash flow of $14.1M.
Questions
What was Lands'' End's revenue in the second quarter fiscal 2026?
Lands'' End (LE) reported revenue of $255M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and +12% from the quarter before.
Was Lands'' End profitable in the second quarter fiscal 2026?
Operating profit was $4.0M (1.6% of revenue) and net loss $3.7M.
Source: Lands'' End 10-Q on SEC EDGAR.