EarningsQ2 2026 Earnings Report
CH:LED Q2 2026 EPS Results
Actual EPSCHF0.07
Consensus EPSCHF0.08
Beat/MissMissed by -<CHF0.01
One Year Ago EPS-CHF0.05
CH:LED Q2 2026 Revenue Results
Actual RevenueCHF249.28M
Expected RevenueCHF248.15M
Beat/MissBeat by +CHF1.13M
YoY Revenue Growth+2.71%
Earnings Announcement Details
QuarterQ2 2026
Date09/03/2026
TimeBefore Open
Conference CallThursday, September 3, 2026
CH:LED Upcoming Earnings
Lands' End's next earnings date is estimated for November 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CH:LED Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive. Management highlighted revenue growth, strong U.S. e-commerce performance, double-digit new-customer growth, successful brand activations, improved gross profit and margin, enterprise account momentum, strengthened liquidity, and substantial long-term opportunities from the WHP Global joint venture and technology initiatives. These positives were partly offset by the warehouse management system disruption, a 20% decline in third-party marketplace revenue, lower adjusted EBITDA, higher SG&A and inventory, flat year-to-date underlying U.S. e-commerce growth, and ongoing tariff headwinds.Company Guidance
Revenue Growth and U.S. E-Commerce Recovery
Second-quarter total revenue was $302 million, an increase of 3% year over year. U.S. e-commerce revenue increased 9% compared with Q2 fiscal 25, reflecting the recovery and shipment catch-up following the warehouse management system rollout issues in the first quarter.
Strong Product and Customer Acquisition Momentum
Women's and men's apparel, especially knits, had a good quarter, while bags performance led by the iconic 5 Pocket tote was a meaningful driver of growth and new customer acquisition. U.S. new-to-file customer count grew double digits, largely driven by totes and swim.
Swim Business Continued to Grow
The swim business continued to execute on 'owning the weather,' generating high single digit revenue growth in U.S. e-commerce.
Successful Brand Collaborations and Social Engagement
Collaborations with TNT and Wawa and the company's presence in Nantucket introduced Lands' End to new and younger audiences. The Wawa collaboration generated over 2.6 billion impressions, and the iconic tote sold out in hours. Traffic across social channels, including Instagram, increased over 30% year over year.
Encouraging Product Pipeline for the Back Half
Fleet is a category the company is excited to develop year round, with early indicators described as positive. Initial reads on outerwear and Christmas stockings were encouraging and provided initial visibility into Q3 and Q4. The company also expects a broader outerwear assortment than last year.
Improved Marketplace Gross Margin
Although third-party marketplace revenue declined, like-for-like gross margin improved by over 500 basis points year over year as the company prioritized profitable, high-quality sales and brand integrity over lower-margin promotional volume.
Europe Product Margin Improvement and Amazon Germany Launch
Europe revenue was essentially flat in the quarter, while product margin performance was strong following a strategic shift toward key franchises and a less promotional assortment. Amazon Germany went live in August, expanding the company's access to a new customer base.
Lands' End Outfitters Enterprise Account Growth
Lands' End Outfitters revenue increased approximately 4% year over year, driven by strength in national accounts. The enterprise segment was up more than 15% year to date versus last year, led by growth in airline accounts.
Progress on Delta Uniform Partnership
More than 1.4 thousand frontline Delta employees are participating in the wear-testing phase of the distinctly Delta Uniform Collection. Feedback will be incorporated into final product refinements ahead of the planned second half 27 rollout.
Higher Gross Profit and Gross Margin
Gross profit increased by $14 million, or 10%, compared with last year. Second-quarter gross margin was 52%, an approximately 23 basis point improvement from Q2 fiscal 25, primarily driven by the IEPA tariff refund.
Strengthened Liquidity and Share Repurchases
The company used the majority of the $300 million in cash proceeds from the WHP Global transaction to fully repay its term loan, leaving enhanced liquidity and significantly reduced interest payments. During the quarter, Lands' End repurchased approximately 900 thousand shares for approximately $11 million, leaving $89 million of the authorized $100 million repurchase capacity.
WHP Global Joint Venture Royalty Opportunity
The intellectual property joint venture with WHP Global amended several significant licensing agreements expected to generate more than $150 million of long-term guaranteed royalty value.
Fiscal 2026 Guidance Maintained
Fiscal 26 guidance calls for net revenue of $1.3 billion to $1.35 billion, adjusted net income of $13 million to $21 million, adjusted diluted earnings per share of $0.44 to $0.72, and adjusted EBITDA of $62 million to $70 million. Third-quarter guidance is net revenue of $300 million to $330 million, adjusted net income of $2 million to $6 million, adjusted diluted EPS of $0.07 to $0.20, and adjusted EBITDA of $14 million to $18 million.
Technology and AI Transformation Initiatives
The company appointed Jim Ferraro as Chief Digital and Technology Officer and plans to strengthen infrastructure, customer acquisition capabilities, personalization, and shipping and fulfillment ahead of the holiday season. Management also described a long-term plan to apply AI-powered capabilities across merchandising, marketing, and customer retention using Lands' End's owned customer data foundation.
CH:LED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed