Lands’ End (LE) financial statements
Lands’ End reported revenue of $1.3B in fiscal 2026, down 0.0% a year over 9 years.
Net income was $6M and the operating margin 3.3%, against -11.4% in 2017.
Free cash flow was $20M.
The diluted share count fell 3% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Lands’ End's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.4B | $1.5B | $1.5B | $1.4B | $1.6B | $1.6B | $1.5B | $1.4B | $1.3B |
| Cost of revenue | $759M | $809M | $836M | $828M | $822M | $945M | $962M | $847M | $710M | $685M |
| Gross profit | $576M | $597M | $616M | $622M | $606M | $691M | $594M | $626M | $653M | $650M |
| Selling, general and admin | $537M | $539M | $546M | $544M | $519M | $572M | $527M | $550M | $562M | $561M |
| Operating income | -$153M | $29M | $43M | $45M | $41M | $80M | $25M | -$78M | $51M | $44M |
| Interest expense | $25M | $26M | $29M | $26M | $28M | $34M | $40M | $48M | $40M | $37M |
| Pre-tax income | -$179M | $448,000 | $10M | $21M | $13M | $46M | -$15M | -$132M | $10M | $8M |
| Income tax | -$69M | -$28M | -$2M | $2M | $2M | $13M | -$2M | -$1M | $4M | $2M |
| Net income | -$110M | $28M | $12M | $19M | $11M | $33M | -$13M | -$131M | $6M | $6M |
| EPS (diluted) | -$3.43 | $0.88 | $0.36 | $0.60 | $0.33 | $0.99 | -$0.38 | -$4.09 | $0.20 | $0.18 |
| Diluted shares | 32M | 32M | 33M | 32M | 33M | 34M | 33M | 32M | 32M | 31M |
| Gross margin | 43.2% | 42.5% | 42.4% | 42.9% | 42.4% | 42.2% | 38.2% | 42.5% | 47.9% | 48.7% |
| Operating margin | -11.4% | 2.1% | 2.9% | 3.1% | 2.9% | 4.9% | 1.6% | -5.3% | 3.7% | 3.3% |
| Net margin | -8.2% | 2.0% | 0.8% | 1.3% | 0.8% | 2.0% | -0.8% | -8.9% | 0.5% | 0.4% |
Balance sheet
Fiscal years, from Lands’ End's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $213M | $196M | $193M | $77M | $34M | $34M | $40M | $25M | $16M | $18M |
| Receivables | $39M | $50M | $35M | $51M | $38M | $50M | $45M | $35M | $48M | $41M |
| Inventory | $325M | $332M | $322M | $376M | $382M | $384M | $426M | $302M | $265M | $269M |
| Total current assets | $607M | $607M | $588M | $545M | $496M | $507M | $557M | $410M | $370M | $361M |
| Property, plant and equipment | $123M | $137M | $150M | $158M | $145M | $130M | $128M | $118M | $116M | $116M |
| Goodwill | $110M | $110M | $110M | $110M | $107M | $107M | $107M | $0 | $0 | $0 |
| Total assets | $1.1B | $1.1B | $1.1B | $1.1B | $1.0B | $1.0B | $1.1B | $811M | $765M | $751M |
| Total current liabilities | $249M | $256M | $241M | $284M | $315M | $311M | $297M | $260M | $228M | $224M |
| Long-term debt | $490M | $486M | $482M | $379M | $246M | $234M | $224M | $236M | $225M | $214M |
| Total liabilities | $843M | $817M | $788M | $765M | $676M | $630M | $701M | $570M | $526M | $507M |
| Shareholders' equity | $271M | $307M | $323M | $348M | $370M | $407M | $381M | $242M | $239M | $244M |
| Net debt | $282M | $296M | $294M | $307M | $225M | $214M | $198M | $224M | $222M | $210M |
Cash flow
Fiscal years, from Lands’ End's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $24M | $28M | $48M | $27M | $92M | $71M | -$36M | $131M | $53M | $50M |
| Capital spending | $33M | $38M | $45M | $39M | $30M | $25M | $32M | $35M | $38M | $29M |
| Free cash flow | -$9M | -$10M | $3M | -$12M | $61M | $45M | -$68M | $96M | $15M | $20M |
| Stock-based compensation | $2M | $4M | $6M | $9M | $9M | $10M | $4M | $4M | $5M | $5M |
| Dividends paid | $0 | — | — | — | — | — | — | — | — | — |
| Share buybacks (net) | — | — | — | — | — | — | -$8M | -$12M | — | — |
| Net borrowing | $0 | — | — | -$105M | -$122M | -$14M | -$14M | $8M | -$13M | -$13M |
| Free cash flow margin | -0.7% | -0.7% | 0.2% | -0.8% | 4.3% | 2.8% | -4.4% | 6.5% | 1.1% | 1.5% |
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Open LE in InvestinglyQuestions
What was Lands’ End's revenue in 2026?
$1.3B in fiscal 2026, from its 10-K filing.
How much free cash flow does Lands’ End generate?
$20M in fiscal 2026 (operating cash flow minus capital spending).
From Lands’ End's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.