LANDS' END, INC. LE
•ABL Facility – Asset-based senior secured credit agreements, providing for a revolving facility, dated as of November 16, 2017, with Wells Fargo, N.A. and certain other lenders, as amended to date
•Adjusted EBITDA – Net income/(loss) appearing on the Consolidated Statements of Operations net of Income tax expense/(benefit), Interest expense, Depreciation and amortization and other significant items
•ASC – Financial Accounting Standards Board Accounting Standards Codification, which serves as the source for authoritative GAAP, as supplemented by rules and interpretive releases by the SEC which are also sources of authoritative GAAP for SEC registrants
•Adjusted net income (loss) – Net income (loss) appearing on the Consolidated Statements of Operations excluding significant non-recurring or non-operational items. Adjusted net income (loss) is also presented on a diluted per share basis
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.34B | $1.36B | $1.47B | $1.56B | $1.64B | $1.43B | $1.45B | $1.45B | $1.41B | $1.34B |
| Cost of revenue | $685.0M | $709.6M | $847.0M | $961.7M | $945.2M | $821.6M | $828.3M | $835.5M | $809.5M | $759.4M |
| Gross profit | $650.2M | $653.3M | $625.5M | $593.8M | $691.5M | $605.9M | $621.9M | $616.1M | $597.2M | $576.4M |
| SG&A | $561.2M | $561.8M | $550.2M | $527.4M | $571.8M | $518.9M | $544.0M | $545.6M | $538.9M | $536.6M |
| Total operating expenses | $605.9M | $602.4M | $703.0M | $569.0M | $611.7M | $564.7M | $576.5M | $573.5M | $568.1M | $729.0M |
| Operating income | $44.3M | $51.0M | -$77.5M | $24.7M | $79.8M | $41.1M | $45.4M | $42.6M | $29.1M | -$152.6M |
| Interest expense | $36.7M | $40.4M | $48.3M | $39.8M | $34.4M | $27.8M | $26.0M | $28.9M | $25.9M | $24.6M |
| Pre-tax income | $7.8M | $10.5M | -$131.8M | -$14.7M | $46.0M | $12.6M | $21.4M | $9.6M | $448.0K | -$178.9M |
| Income tax | $2.2M | $4.3M | $1.1M | $2.1M | $12.6M | $1.8M | $2.1M | $2.0M | $27.7M | $69.1M |
| Net income | $5.5M | $6.2M | -$130.7M | -$12.5M | $33.4M | $10.8M | $19.3M | $11.6M | $28.2M | -$109.8M |
| EPS, basic | 0.18 | 0.20 | -4.09 | -0.38 | 1.01 | 0.33 | 0.60 | 0.36 | 0.88 | -3.43 |
| EPS, diluted | 0.18 | 0.20 | -4.09 | -0.38 | 0.99 | 0.33 | 0.60 | 0.36 | 0.88 | -3.43 |
| Shares, diluted (wtd. avg.) | $31.0M | $31.7M | $32.0M | $33.1M | $33.7M | $32.7M | $32.3M | $32.5M | $32.1M | $32.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.7M | $16.2M | $27.3M | $41.4M | $36.1M | $35.8M | $79.3M | $195.4M | $197.9M | $216.4M |
| Receivables | $41.3M | $47.8M | $35.3M | $44.9M | $49.7M | $37.6M | $51.0M | $34.5M | $49.9M | $39.3M |
| Inventory | $268.8M | $265.1M | $301.7M | $425.5M | $384.2M | $382.1M | $375.7M | $321.9M | $332.3M | $325.3M |
| Total current assets | $361.0M | $370.5M | $410.3M | $556.7M | $506.9M | $495.8M | $545.4M | $588.4M | $606.8M | $607.4M |
| Property, plant and equipment | $115.7M | $115.6M | $118.0M | $127.6M | $129.8M | $145.3M | $157.7M | $149.9M | $136.5M | $122.8M |
| Goodwill | $0 | $0 | $0 | $106.7K | $106.7M | $106.7M | $110.0M | $110.0M | $110.0M | $110.0M |
| Other intangibles | — | $257.0M | $257.0M | $257.0M | $257.0M | $257.0M | $257.0M | $257.0M | $257.0M | $257.0M |
| Total assets | $751.1M | $765.5M | $811.5M | $1.08B | $1.04B | $1.05B | $1.11B | $1.11B | $1.12B | $1.11B |
| Accounts payable | $115.4M | $111.4M | $131.9M | $171.6M | $145.8M | $134.0M | $158.4M | $123.8M | $155.9M | $162.4M |
| Short-term debt | $13.0M | $13.0M | $13.0M | $13.8M | $13.8M | $13.8M | $5.2M | $5.2M | $5.2M | $5.2M |
| Total current liabilities | $223.9M | $227.6M | $259.9M | $297.5M | $311.4M | $314.9M | $283.6M | $241.3M | $256.1M | $248.9M |
| Long-term debt | $214.2M | $224.9M | $236.2M | $223.5M | $234.5M | $245.6M | $378.7M | $482.5M | $486.2M | $490.0M |
| Total liabilities | $506.8M | $526.3M | $569.9M | $701.4M | $629.9M | $675.8M | $765.2M | $788.2M | $817.0M | $843.0M |
| Retained earnings | -$88.8M | -$94.4M | -$99.4M | $31.3M | $44.6M | $11.2M | $390.0K | -$17.2M | -$29.8M | -$60.5M |
| Total equity | $244.3M | $239.2M | $241.6M | $380.8M | $406.7M | $369.7M | $348.4M | $322.7M | $307.1M | $271.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $49.6M | $53.1M | $130.6M | -$36.4M | $70.6M | $91.6M | $27.3M | $48.2M | $28.4M | $24.1M |
| Depreciation and amortisation | $30.2M | $33.8M | $38.5M | $38.7M | $39.2M | $37.3M | $31.1M | $27.6M | $24.9M | $19.0M |
| Stock-based compensation | $5.5M | $4.9M | $3.8M | $3.8M | $10.2M | $9.2M | $8.7M | $6.2M | $4.0M | $2.2M |
| Capital expenditure | $29.2M | $37.8M | $34.9M | $31.8M | $25.2M | $30.1M | $38.9M | $44.9M | $38.1M | $33.3M |
| Investing cash flow | -$29.2M | -$35.0M | -$34.9M | -$29.8M | -$25.2M | -$30.1M | -$38.0M | -$44.4M | -$38.1M | -$33.3M |
| Financing cash flow | -$20.1M | -$26.6M | -$110.1M | $73.5M | -$45.1M | -$103.1M | -$105.9M | -$5.8M | -$7.4M | -$5.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $0 |
| Buybacks | — | — | $11.9M | $8.5M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-126210.
Others in SIC 5651
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TJX | TJX COMPANIES INC /DE/ | $145.28B | 27.1x | 7.1% |
| ROST | ROSS STORES, INC. | $73.69B | 34.9x | 7.7% |
| GAP | GAP INC | $7.88B | 10.5x | 1.9% |
| URBN | URBAN OUTFITTERS INC | $6.93B | 16.0x | 11.1% |
| ANF | ABERCROMBIE & FITCH CO /DE/ | $6.35B | 14.3x | 6.4% |
| AEO | AMERICAN EAGLE OUTFITTERS INC | $2.91B | 16.0x | 4.1% |
| BKE | BUCKLE INC | $2.22B | 10.4x | 6.6% |
| PLCE | Childrens Place, Inc. | $62.5M | — | -12.8% |