Land’s End sees Q1 adjusted EPS (30c)-(24c)

Sees Q1 revenue $255.0M-$285.0M. Bernie McCracken, CFO, stated, “We expect to continue to prioritize high-quality sales and improved cash flows, which we believe will enable Lands’ End to drive continued gross profit and margin expansion. When comparing today’s outlook to the prior year period, keep in mind that the first quarter of fiscal 2023 included the inventory sales from the conclusion of the Delta Air Lines contract, positively impacting revenue by over $25M and generating approximately $12M in Adjusted EBITDA.” Sees Q1 Gross Merchandise Value, the amount paid by customers for Lands’ End-branded product in all channels, expected to deliver low to mid-single digits percentage growth; net loss ($10.0M)-($8.0M). Sees Q1 adjusted EBITDA $9.0M-$11.0M.