Land’s End reports Q4 adjusted EPS 25c vs. (4c) last year

Reports Q4 revenue $514.9M vs. $529.6M a year ago. Andrew McLean, CEO, stated, “I am proud of the Lands’ End team’s focus and execution throughout fiscal 2023 as we pursued our solutions-based strategy to introduce newness across the product assortment, generated higher quality sales, significantly enhanced our inventory position and improved our profitability. As a result of these efforts, in the Q4 we increased gross profit by 13.5%, improved gross margin by 550 basis points and reduced inventory 29% compared to last year.”