Lands' End, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 27, 2023
December 05, 2023 at 06:45 am EST
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Lands' End, Inc. reported earnings results for the third quarter and nine months ended October 27, 2023. For the third quarter, the company reported sales was USD 324.74 million compared to USD 370.98 million a year ago. Net loss was USD 112.39 million compared to USD 4.68 million a year ago. Basic loss per share from continuing operations was USD 3.52 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 3.52 compared to USD 0.14 a year ago.
For the nine months, sales was USD 957.66 million compared to USD 1,025.83 million a year ago. Net loss was USD 122.06 million compared to USD 9.23 million a year ago. Basic loss per share from continuing operations was USD 3.8 compared to USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 3.8 compared to USD 0.28 a year ago.
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. 
