Quarterly ResultJun 9, 2026, 04:12 PM
Lands' End Swings to $330.7M Net Income on WHP Transaction Gain
AI Summary
Lands' End, Inc. reported a significant swing to net income of $330.7 million for the first quarter of fiscal 2026, compared to a net loss of $8.3 million in the prior year. This turnaround was largely driven by a $491.6 million gain from the WHP Transaction. However, net revenue saw a decline, falling to $238.9 million from $261.2 million year-over-year, and the company reported an operating loss of $44.1 million. The company also fully repaid its Term Loan Facility during the quarter.
Key Highlights
- Lands' End reported a net income of $330.7 million for the 13 weeks ended May 1, 2026, a significant increase from a net loss of $8.3 million in the prior year period.
- Net revenue for the quarter decreased to $238.9 million from $261.2 million in the same period last year.
- The company recorded a substantial gain of $491.6 million from the WHP Transaction.
- Operating loss was $44.1 million for the quarter, compared to an operating loss of $2.4 million in the prior year.
- Total assets increased to $905.7 million as of May 1, 2026, from $760.5 million as of May 2, 2025.
- Total liabilities decreased to $404.6 million from $530.4 million in the same period.
- The company fully repaid its $234.0 million Term Loan Facility on April 1, 2026.
Price Impact
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