Lands' End, Inc. Provides Earnings Guidance for the Third Quarter Ending October 28, 2022 and for the Fiscal Year Ending January 27, 2023
September 01, 2022 at 06:45 am EDT
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Lands' End, Inc. provided earnings guidance for the third quarter ending October 28, 2022 and fiscal year ending January 27, 2023. For the quarter, the company expected Net revenue to be between $375.0 million and $390.0 million, net income to be in the range of $1.0 million to $4.0 million.
For the fiscal year, the company expected Net revenue to be between $1.60 billion and $1.64 billion, net income to be in the range of $16.5 million to $23.5 million.
Lands' End, Inc. is a digital retailer of solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms. The Company's segments include U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail. It has five distribution channels, which include U.S. eCommerce, International, Outfitters, Third Party and Retail. Its U.S. eCommerce offers products through its e-commerce Website. Its International offers products primarily to consumers located in Europe and Japan through e-commerce international Websites and third-party affiliates. Its Outfitters sells uniform and logo apparel to businesses and their employees, as well as to student households through school relationships, located primarily in the United States. Its Third Party sells the same products as U.S. eCommerce direct to consumers through third-party marketplace Websites and through domestic wholesale customers. Its Retail sells products through Company-operated stores.
LANDS' END, INC. 
