Lands' End, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of Fiscal 2023
August 31, 2023 at 06:45 am EDT
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Lands' End, Inc. provided earnings guidance for the third quarter and full year of fiscal 2023. For the third quarter of fiscal 2023 the Company expects: Net revenue to be between $340.0 million and $355.0 million. Net loss to be between $6.5 million and $4.0 million and diluted loss per share to be between $0.20 and $0.13.
For fiscal 2023 the Company now expects: Net revenue to be between $1.50 billion and $1.55 billion. Net (loss) income to be between $(4.5) million and $1.0 million, and diluted (loss) earnings per share to be between $(0.14) and $0.03.
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. 
