Lands' End Inc · NASDAQ:LE
Lands' End — Investor Presentation (June 2026)
20 slides from Lands' End's investor presentation, Jun 9, 2026
Slide 1: Well Positioned to Deliver Outstanding Shareholder Value
Well Positioned to Deliver Outstanding Shareholder Value June 9, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and related discussions contain forward-looking statements that involve risks and uncertainties. These forward-looking statements generally are identified by the words “potential,” “opportunity,” “anticipate,” “estimate,” “expect,” “intend,” “project,” “p
Slide 3: WHP Global Joint Venture
WHP Global Joint Venture 1 JV anticipated to operate to at least 85% profit margin after expenses per terms of Limited Liability Company Agreement 2 Representative multiples subject to change due to market conditions or relative performance Positioned for Potential Value Creation with Upside Opportu
Slide 4: Lands' End Strategy
Lands’ End Strategy
Slide 5: Four Key Levers to Drive Shareholder Value
Four Key Levers to Drive Shareholder Value 5 1 Enhanced Financial Flexibility Eliminated term loan debt and materially reduced interest expense freeing capital to invest in growth 2 Robust Operational Execution Enables organic growth through DTC and B2B channels with disciplined cost management driv
Slide 6: Commercial Strategy Under License Agreement
Commercial Strategy Under License Agreement Well positioned to build on our solutions-based, customer-first strategy across DTC and B2B channels 6 Direct-to-Consumer Reaching and engaging consumers where they are, across the U.S. and in existing European markets OWNED CHANNELS landsend.com, landsend
Slide 7: Key Growth Drivers
Key Growth Drivers New Categories, Channels & Markets WHP Global JV accelerating international expansion Third-party licensing driving new category reach High-margin royalty streams extending global footprint Product Innovation & Key Franchises Solutions-focused merchandising for higher quality sale
Slide 8: JV Strategy
JV Strategy
Slide 9: Joint Venture Update
Joint Venture Update 1 Includes anticipated retail sales from recently announced agreement to acquire Marc Jacobs from LVMH. WHP Global has current annual retail sales of $8.5B A strong and growing WHP Global platform – including its recent agreement to acquire Marc Jacobs from LVMH – and a unique e
Slide 10: Financial Overview
Financial Overview
Slide 11: Resetting the Baseline
Resetting the Baseline 1 Assumes Term Loan paid off on Feb 1, 2025, first day of FY2025 Memo: Does not include the impact of amortization of certain purchase accounting adjustments recorded by the JV since those non-cash items are adjusted EBITDA neutral The following table recasts FY2025 results as
Slide 12: Outlook
Outlook 12 Q2 Fiscal 2026 Full Year Fiscal 2026 Net Revenue $290M to $310M $1.3B to $1.4B Net Income / (loss) $(5)M to $(2)M $310M to $320M Adjusted Net Income / (loss) $2M to $5M $10M to $20M Adjusted Diluted EPS $0.06 to $0.16 $0.32 to $0.65 Adjusted EBITDA $11M to $14M $68M to $78M Three-Year Tar
Slide 13: Lands' End Potential Value Creation Opportunities from the JV
Lands’ End Potential Value Creation Opportunities from the JV 1 Representative multiples subject to change due to market conditions or relative performance 13 JV Generates Revenue WHP Global Event Valued at Market Multiple Establishes JV Valuation >15x EBITDA1 illustrative valuation multiple for sca
Slide 14: Illustrative Value of Lands' End's JV Stake Following WHP Global Monetization Event
Illustrative Value of Lands’ End’s JV Stake Following WHP Global Monetization Event 1 The JV EBITDA is calculated pursuant to Exhibit B of the Amended and Restated Limited Liability Company Agreement 2 Based on 30M shares outstanding Key Context and Assumptions In certain possible WHP Global monetiz
Slide 15: Four Key Levers to Drive Shareholder Value
Four Key Levers to Drive Shareholder Value 15 1 Enhanced Financial Flexibility Eliminated term loan debt and materially reduced interest expense, freeing capital to invest in growth 2 Robust Operational Execution Enables organic growth through DTC and B2B channels with disciplined cost management dr
Slide 16: Q&A
Q&A
Slide 17: Appendix
Appendix
Slide 18: Fiscal 2025 Reconciliation of Non-GAAP Measures
(in millions) Net income $5.5 Income tax expense 2.2 Interest expense 36.7 Depreciation and Amortization 30.2 Corporate restructuring and other 13.9 Unmitigated tariff costs 13.0 Other 0.8 Adjusted EBITDA $102.3 (in millions) Net income $5.5 Corporate restructuring and other 13.9 Unmitigated tariff
Slide 19: Reconciliation of Non-GAAP Measures
(in millions) Net Income / (loss) $(5.0) -- $(2.0) Restructuring and other significant items 7.0 -- 7.0 Adjusted Net Income / (loss) $2.0 -- $5.0 Adjusted diluted earnings per share $0.06 -- $0.16 (in millions) Net Income / (loss) $(5.0) -- $(2.0) Depreciation, interest, other income, taxes and othe
Slide 20: Lands' End
LANDS’ END