Lands' End Files 10-Q: Financials and Operations Update
Ticker: LE · Form: 10-Q · Filed: Dec 5, 2024 · CIK: 799288
| Field | Detail |
|---|---|
| Company | Lands' End, INC. (LE) |
| Form Type | 10-Q |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, retail, financials
TL;DR
Lands' End 10-Q filed. Financials and operations update for investors.
AI Summary
Lands' End, Inc. filed its 10-Q for the period ending November 1, 2024. The filing details financial performance and operational updates. Key financial data points and business segments are presented, reflecting the company's ongoing activities in the retail sector.
Why It Matters
This 10-Q filing provides investors with a crucial update on Lands' End's financial health and strategic direction, impacting investment decisions.
Risk Assessment
Risk Level: medium — The filing is a routine 10-Q, but the retail sector is inherently subject to market fluctuations and consumer spending trends.
Key Numbers
- 01/31 — Fiscal Year End (Indicates the end of the company's annual financial reporting cycle.)
- 0000799288 — Central Index Key (Unique identifier for Lands' End, Inc. in SEC filings.)
Key Players & Entities
- LANDS' END, INC. (company) — Filer
- 2024-11-01 (date) — Reporting Period End Date
- 2024-12-05 (date) — Filing Date
- DODGEVILLE, WI (location) — Company Headquarters
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending November 1, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on December 5, 2024.
What is the primary business of Lands' End, Inc. according to the filing?
Lands' End, Inc. is in the RETAIL-FAMILY CLOTHING STORES industry, SIC code 5651.
Where is Lands' End, Inc. headquartered?
Lands' End, Inc. is headquartered at ONE LANDS' END LN, DODGEVILLE, WI 53595.
What is the fiscal year end for Lands' End, Inc.?
The fiscal year end for Lands' End, Inc. is January 31 (0131).
Filing Stats: 4,485 words · 18 min read · ~15 pages · Grade level 17.2 · Accepted 2024-12-05 16:12:16
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share LE The Nasdaq Stock Marke
Filing Documents
- le-20241101.htm (10-Q) — 2467KB
- le-ex10_1.htm (EX-10.1) — 6KB
- le-ex31_1.htm (EX-31.1) — 15KB
- le-ex31_2.htm (EX-31.2) — 15KB
- le-ex32_1.htm (EX-32.1) — 11KB
- 0000950170-24-133682.txt ( ) — 9414KB
- le-20241101.xsd (EX-101.SCH) — 1124KB
- le-20241101_htm.xml (XML) — 1846KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) 1 Condensed Consolidated Statements of Operations 1 Condensed Consolidated Statements of Comprehensive Operations 2 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Changes in Stockholders' Equity 5 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 35 Item 4.
Controls and Procedures
Controls and Procedures 36
OTHER INFORMATION
PART II. OTHER INFORMATION 37 Item 1.
Legal Proceedings
Legal Proceedings 37 Item 1A.
Risk Factors
Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 5. Other Information 39 Item 6. Exhibits 40
Signatures
Signatures 41 Table of Contents
FINANCI AL INFORMATION
PART I. FINANCI AL INFORMATION
FINANCI AL STATEMENTS
ITEM 1. FINANCI AL STATEMENTS LANDS' END, INC. Condensed Consolidated St atements of Operations (Unaudited) 13 Weeks Ended 39 Weeks Ended (in thousands, except per share data) November 1, 2024 October 27, 2023 November 1, 2024 October 27, 2023 Net revenue $ 318,628 $ 324,735 $ 921,272 $ 957,656 Cost of sales (exclusive of depreciation and amortization) 157,483 172,142 469,262 527,529 Gross profit 161,145 152,593 452,010 430,127 Selling and administrative 140,876 135,282 403,787 377,662 Depreciation and amortization 8,153 9,595 25,850 28,439 Goodwill impairment — 106,700 — 106,700 Other operating expense, net 2,829 2,324 8,367 2,916 Operating income (loss) 9,287 ( 101,308 ) 14,006 ( 85,590 ) Interest expense 10,266 11,677 31,049 35,984 Other expense (income), net 352 ( 132 ) 180 ( 488 ) Loss before income taxes ( 1,331 ) ( 112,853 ) ( 17,223 ) ( 121,086 ) Income tax (benefit) expense ( 738 ) ( 459 ) ( 4,937 ) 978 NET LOSS $ ( 593 ) $ ( 112,394 ) $ ( 12,286 ) $ ( 122,064 ) Loss per common share Basic $ ( 0.02 ) $ ( 3.52 ) $ ( 0.39 ) $ ( 3.80 ) Diluted $ ( 0.02 ) $ ( 3.52 ) $ ( 0.39 ) $ ( 3.80 ) Weighted average common shares outstanding Basic 31,136 31,887 31,317 32,140 Diluted 31,136 31,887 31,317 32,140 See accompanying Notes to Condensed Consolidated Financial Statements. 1 Table of Contents LANDS' END, INC. Condensed Consolidated Statemen ts of Comprehensive Operations (Unaudited) 13 Weeks Ended 39 Weeks Ended (in thousands) November 1, 2024 October 27, 2023 November 1, 2024 October 27, 2023 NET LOSS $ ( 593 ) $ ( 112,394 ) $ ( 12,286 ) $ ( 122,064 ) Other comprehensive income (loss), net of tax Foreign currency translation adjustments 5