Press release
Lands’ End Announces Third Quarter 2025 Results
Increased gross margin approximately 120 basis pointsNet income increased by $5.8 millionAdjusted EBITDA increased by 28% DODGEVILLE, Wis., Dec. 09, 2025
About this update from Lands' End Inc
[{"type":"text","content":"Increased gross margin approximately 120 basis pointsNet income increased by $5.8 millionAdjusted EBITDA increased by 28% DODGEVILLE, Wis., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Lands’ End, Inc. (NASDAQ: LE) today announced financial results for the third quarter ended October 31, 2025. Andrew McLean, Chief Executive Officer, stated: “Our third quarter results underscore the strength of our strategy and disciplined execution. We delivered a 28% increase in Adjusted EBITDA with strong flow through to Adjusted net income, reflecting our focus on profitability and operational efficiency. Our long-term partnership with Delta Air Lines is a powerful example of our leading B2B capabilities, combining product, service and technology to bring solutions to our enterprise clients. In our consumer business, we are reaching a younger, more diverse customer base and expanding brand relevance through new channels and experiences. Overall, we are well positioned to build on this momentum and create lasting value for all stakeholders.” Third Quarter Financial Highlights Gross Merchandise Value (“GMV”) increased low-single digits when compared to the third quarter of 2024. GMV is the total order value of all Lands’ End branded merchandise sold to customers through business-to-consumer and business-to-business channels, as well as the estimated retail value of the merchandise sold through third party distribution channels.Net revenue was $317.5 million for the third quarter of 2025, a decrease of $1.1 million or 0.3% from $318.6 million during the third quarter of 2024. U.S. Digital Segment Net revenue was $277.5 million for the third quarter of 2025, an increase of $4.0 million or 1.5% from $273.5 million in the third quarter of 2024. U.S. eCommerce Net revenue was $179.8 million, a decrease of $6.3 million or 3.4% from $186.1 million in the third quarter of 2024. The decrease was the result of improvements in promotional productivity and enhanced inventory efficiency, which resulted in gross margin expansion and improved profitability compared to the third quarter of 2024.Outfitters Net revenue was $78.8 million for the third quarter of 2025, an increase of $5.4 million or 7.4% from $73.4 million in the third quarter of 2024. The school uniform channel significantly increased due to a strong back to school season and new customers acquired from a c...