Lands’ End(US:LE) Benzinga·2025-09-09 21:16Financial Performance - Land's End Inc reported second-quarter net revenue of $294.1 million, down 7.3% year-over-year, missing the Street consensus estimate of $322.4 million [1] - The company reported an adjusted loss of six cents per share, which also missed the Street consensus estimate of a loss of three cents per share [2] - U.S. Digital net revenue was $255.3 million in the second quarter, down 5.6% year-over-year, attributed to a slow start in seasonal swim products [6] Strategic Initiatives - CEO Andrew McLean stated that the transition to an asset-light model is helping to introduce new products, drive higher sales, and improve customer loyalty [2] - The company is exploring a sale or merger to maximize shareholder value, with the process ongoing [3] Future Guidance - The company expects third-quarter sales to be between $320 million and $350 million, compared to a Street estimate of $326.1 million [3] - Full-year sales guidance was raised to a new range of $1.33 billion to $1.45 billion, with the Street estimate currently at $1.37 billion [4] - Full-year earnings per share guidance was also raised to a new range of 62 cents to 88 cents per share, versus a Street estimate of 70 cents per share [4] Revenue Breakdown - Third-party net revenue increased by 14.3% year-over-year to $21.6 million in the second quarter, driven by strong curated product assortments for Amazon and Macy's [6] - Europe e-commerce net revenue was $19.6 million in the second quarter, down 14.8% year-over-year [6] - Licensing and Retail net revenue decreased by 19.7% to $19.2 million in the second quarter, although licensing revenue was up 19% year-over-year [6] Market Reaction - Land's End stock fell 4.86% to $13.50 in after-hours trading, within a 52-week trading range of $7.65 to $19.88 [5]