Company profile

Ticker
LE
Exchange
CEO
Jerome Squire Griffith
Employees
Incorporated in
Location
Fiscal year end
Former names
Lands End Inc
SEC CIK

LE stock data

(
)

Calendar

3 Dec 19
11 Dec 19
31 Jan 20

News

Company financial data Financial data

Quarter (USD) Nov 19 Aug 19 May 19 Feb 19
Revenue 340.02M 298.27M 262.43M 502.25M
Net income 3.61M -3.01M -6.82M 16.21M
Diluted EPS 0.11 -0.09 -0.21 0.5
Net profit margin 1.06% -1.01% -2.60% 3.23%
Operating income 10.91M -561K -4.74M 30.71M
Net change in cash -66.76M 42.4M -153.18M 87.47M
Cash on hand 15.86M 82.62M 40.22M 193.41M
Cost of revenue 185.85M 169.18M 142.56M 306.95M
Annual (USD) Feb 19 Jan 17 Jan 16 Jan 15
Revenue 1.45B 1.34B 1.42B 1.56B
Net income 11.59M -109.78M -19.55M 73.8M
Diluted EPS 0.36 -3.43 -0.61 2.31
Net profit margin 0.80% -8.22% -1.38% 4.74%
Operating income 42.6M -152.63M -5.08M 139.64M
Net change in cash -19.7M -15.26M 0
Cash on hand 193.41M 213.11M 228.37M 228.37M
Cost of revenue 835.54M 759.35M 767.19M 819.42M

Financial data from Lands' End earnings reports

Financial report summary

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Risks
  • If we fail to offer merchandise and services that customers want to purchase, our business and results of operations could be adversely affected.
  • Customer preference for our branded merchandise could change, which may adversely affect our profitability.
  • If we cannot compete effectively in the apparel industry, our business and results of operations may be adversely affected.
  • The success of our business, depends on customers' use of our digital platform, including our eCommerce websites, and response to direct mail catalogs and digital marketing; if our overall marketing strategies, including our maintenance of a robust customer list, is not successful, our business and results of operations could be adversely affected.
  • Our approach to merchandise promotions and markdowns to encourage consumer purchases could adversely affect our gross margins and results of operations.
  • Our implementation of ERP and EOM software solution, along with other information technology systems changes could result in significant disruptions to our operations.
  • We depend on information technology and a failure of information technology systems, including with respect to our eCommerce operations, or an inability to effectively upgrade or adapt our systems could adversely affect our business.
  • If we do not maintain the security of customer, employee or company information, we could experience damage to our reputation, incur substantial additional costs and become subject to litigation.
  • We conduct business in and rely on sources for merchandise located in foreign markets, and our business may therefore be adversely affected by legal, regulatory, economic and political risks associated with international trade and those markets.
  • The United Kingdom’s referendum to exit from the European Union will continue to have uncertain effects and could adversely impact our business, results of operations and financial condition.
  • Deterioration of relationships with our vendors and/or the failure of our new merchandise sourcing initiatives could have an adverse effect on our competitive position and operational results.
  • Our business is affected by worldwide economic and market conditions; an unstable economy, a decline in consumer-spending levels and other adverse developments, including inflation, could lead to reduced revenues and gross margins and adversely affect our business, results of operations and liquidity.
  • Our efforts to expand our channels and geographic reach may not be successful.
  • Our growth initiatives include the development of Company Operated stores which may not be successful and as a result our business and results of operations could be adversely affected.
  • If we fail to timely and effectively obtain shipments of products from our vendors and deliver merchandise to our customers, our business and operating results could be adversely affected.
  • If our independent vendors do not use ethical business practices or comply with applicable regulations and laws, our reputation could be materially harmed and have an adverse effect on our business and results of operations.
  • If we are unable to protect or preserve the image of our brands and our intellectual property rights, our business may be adversely affected.
  • We could incur charges due to impairment of goodwill, other intangible assets and long-lived assets.
  • Our failure to retain our executive management team and to attract qualified new personnel could adversely affect our business and results of operations.
  • Fluctuations and increases in the cost, availability, and quality of raw materials as well as fluctuations in transportation and utility costs could adversely affect our business and results of operations.
  • Increases in postage, paper and printing costs could adversely affect the costs of producing and distributing our catalog and promotional mailings, which could have an adverse effect on our business and results of operations.
  • If we do not efficiently manage inventory levels, our results of operations could be adversely affected.
  • Inventory shrinkage could have a material adverse effect on our business, financial condition and results of operations.
  • We rely on third parties to provide us with services in connection with certain aspects of our business, and any failure by these third parties to perform their obligations could have an adverse effect on our business and results of operations.
  • We may be subject to periodic litigation and other regulatory proceedings, including with respect to product liability claims. These proceedings may be affected by changes in laws and government regulations or changes in their enforcement.
  • The Company may have significant uncertain impacts related to changes in tax law in the United States.
  • We may be subject to assessments for additional state taxes, which could adversely affect our business.
  • Our business is seasonal in nature, and any decrease in our sales or margins could have an adverse effect on our business and results of operations.
  • Unseasonal or severe weather conditions may adversely affect our merchandise sales.
  • Other factors may have an adverse effect on our business, results of operations and financial condition.
  • If Sears or its subsidiaries fail to perform under various agreements with us as a result of the Sears Filing, our business and results of operations could be adversely affected.
  • ESL, whose interests may be different from the interests of other stockholders, may be able to exert substantial influence over our company.
  • Potential liabilities may arise under fraudulent conveyance and transfer laws and legal capital requirements, which could have an adverse effect on our financial condition and our results of operations.
  • Our leverage may place us at a competitive disadvantage in our industry. The agreements governing our debt contain various covenants that impose restrictions on us that may affect our ability to operate our business.
  • We may need additional financing in the future for our general corporate purposes or growth strategies and anticipate refinancing our long term debt and such financing may not be available on favorable terms, or at all, and may be dilutive to existing stockholders.
  • Our common stock price may decline if ESL decides to sell a portion of its holdings of our common stock.
  • Our share price may be volatile.
  • Your percentage ownership in Lands' End may be diluted in the future.
Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • You should read the following discussion in conjunction with the Condensed Consolidated Financial Statements and accompanying notes included elsewhere in this Quarterly Report on Form 10-Q. This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements. The matters discussed in these forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those made, projected or implied in the forward-looking statements. See "Cautionary Statements Concerning Forward-Looking Statements" below and "Item 1A. Risk Factors" in our Annual Report filed on Form 10-K for the year ended February 1, 2019 and "Part II, Item 1A Risk Factors" of this Quarterly Report on Form 10-Q, for a discussion of the uncertainties, risks and assumptions associated with these statements.
  • As used in this Quarterly Report on Form 10-Q, references to the "Company", "Lands' End", "we", "us", "our" and similar terms refer to Lands' End, Inc. and its subsidiaries. Our fiscal year ends on the Friday preceding the Saturday closest to January 31. Other terms that are commonly used in this Quarterly Report on Form 10-Q are defined as follows:
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: acquisition, designed, disciplined, Hong, Kong, spend
Removed: CAM, international, resulting, transition, undrawn