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Lands’ End: Fiscal Q3 Earnings Snapshot

Lands' End, Inc. reported third-quarter results for the period ended October 31, 2025, with net revenue of $317.5 million and a 28% increase in adjusted EBITDA to $25.9 million.
The improvement reflected higher average unit retail and expanded licensing revenue, lifting gross margin to 51.8% despite tariffs as a headwind.
Selling and administrative expenses fell $2.3 million to $138.6 million, while U.S. eCommerce net revenue was $179.8 million and Outfitters net revenue was $78.8 million.
Management highlighted liquidity, noting $75.0 million borrowings under its ABL Facility with $115.1 million availability and $36.3 million cash as of October 31, 2025, guiding fiscal fourth-quarter revenue of $460.0 million–$490.0 million and full-year revenue of $1.33 billion–$1.36 billion.
The Lands' End Board of Directors initiated a strategic-alternatives process announced March 7, 2025, and the company flagged tariffs and supply-chain risks while management said it is well-positioned to manage headwinds.

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Lands’ End Announces Third Quarter 2025 Results

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