Lands’ End (LE) Expanded Gross Margin 320bps as Adjusted EBITDA Fell 25%. Can E-Commerce Deliver?
Lands’ End (LE) reported Q2 net revenue of $302.0M, up 2.7%, with gross margin expanding 320bps to 52.0%. Adjusted EBITDA fell 25% to $11.3M. U.S. e-commerce revenue rose 9.0% to $182.4M. The company repaid its term loan, reducing interest expense. Inventory increased 13%, and Q3 adjusted EBITDA guidance is $14M-$18M. Challenges include inventory management and cash flow.




