DODGEVILLE, Wis., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced that the Company will be participating in the 28th Annual ICR Conference, held at the Grande Lakes Orlando in Orlando, FL, on Monday, January 12, 2025 with a fireside chat presentation at 8:30 AM Eastern Time. Andrew McLean, Chief Executive Officer, and Bernie McCracken, Chief Financial Officer, will participate in the fireside chat. The audio portion of the fireside chat presentation will be webcast live over ...

Calvin McDonald, CEO of lululemon athletica inc., is interviewed by CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023.Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following a year of underperformance at the athleisure company. The company's board of directors is conducting a search process with a "leading executive search firm" to identify the company's next CEO, it said in a news release. McDonald will stay on as a senior ...

Financial Data and Key Metrics Changes - Total company sales for Q3 were approximately $151 million, down 0.5% compared to Q3 2024, but in line with the higher end of expectations [10] - Total company comparable sales decreased by 0.9% compared to a decrease of 0.8% last year [9] - Q3 gross profit was about $107 million, down about $1 million compared to Q3 2024, with a gross margin of 70.9%, down 50 basis points year-over-year [10][11] - Adjusted net income per diluted share was 76 cents compared to 89 cents last year [12] - Adjusted EBITDA was $24.3 million in the quarter, down from $26.8 million in Q3 2024 [11] Business Line Data and Key Metrics Changes - Direct sales increased by 2% compared to the prior year, while store sales decreased by 2.6% [10] - The company saw positive responses in product categories such as jackets and bottoms, particularly in fashion denim and faux suede [3][29] Market Data and Key Metrics Changes - The competitive market became very promotional early in Q4, leading to increased price sensitivity among customers [4][21] - The company experienced a soft start in Q4, with holiday product assortments not resonating as planned [4][21] Company Strategy and Development Direction - The company is focused on three strategic priorities: evolving product assortment, enhancing the customer journey, and improving operational efficiency [5][7] - A new Chief Growth Officer has been appointed to lead e-commerce and AI initiatives, indicating a focus on technology and growth [8][33] - The company plans to test localized merchandising strategies, with promising early results from a pilot in New York [5][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the foundation of the business and the progress made toward future opportunities [9] - The company anticipates a challenging Q4 due to elevated promotional activity and macroeconomic factors affecting consumer sentiment [16][25] - For the full year, the company expects sales to be down about 3% and comparable sales to be down about 4% compared to fiscal 2024 [17] Other Important Information - The company opened two new stores in Q3 and plans to open seven new stores in Q4, indicating ongoing expansion efforts [14][17] - The company repurchased 115,612 shares for approximately $2 million in Q3, with $18 million remaining on the share repurchase authorization [12] Q&A Session Summary Question: How is the company thinking about next year regarding merchandising and marketing? - Management noted that they will be able to influence product assortments by the end of Q1 and are encouraged by learnings from Q3 [20][23] Question: What worked well in Q3 and Q2? - Strength was noted in product categories such as bottoms and jackets, with newness in the assortment performing well [28][29] Question: How is technology evolving in the business? - The company has laid a foundation for technology improvements and is excited about the capabilities that AI can bring to operational efficiency [30][33] Question: What is the pricing strategy going into 2026? - The company plans to continue a strategic approach to pricing, focusing on value and quality while being selective about price increases [56][58] Question: How does the company plan to manage inventory for next year? - Inventory will be planned conservatively, considering the evolving product assortments and uncertain consumer sentiment [49][50]

Core Viewpoint - G-III Apparel Group, Ltd. is navigating challenges in the apparel industry through strategic brand management and tariff-mitigation strategies, positioning itself for future growth despite mixed financial results [2][3][5]. Financial Performance - G-III Apparel reported a decline in net sales year-over-year but exceeded earnings per share (EPS) estimates, driven by strong performance in owned brands and a robust full-price sales mix [2][6]. - The company has raised its fiscal year 2026 earnings guidance, reflecting resilience and strategic adaptability in response to market pressures [3][5][6]. Market Position - The current stock price of G-III Apparel is $30.80, with a recent increase of 3.81% and a market capitalization of approximately $1.34 billion [4]. - BTIG has set a price target of $34 for G-III Apparel, indicating a potential upside of about 10.39% from the current trading price [2][6]. Stock Performance - G-III Apparel's stock has fluctuated between a low of $30.56 and a high of $34.83 in recent trading, with a yearly high of $36.18 and a low of $20.33 [4]. - The trading volume of 721,911 shares indicates active investor interest in the company's stock [4].

Core Insights - G-III Apparel Group, Ltd. is a significant player in the textile and apparel industry, known for its diverse portfolio of owned and licensed brands, including outerwear, dresses, sportswear, and accessories [1] Financial Performance - In Q3 2026, GIII reported earnings per share of $1.9, exceeding the Zacks Consensus Estimate of $1.6 per share, resulting in an 18.75% earnings surprise [2] - Despite the positive earnings surprise, earnings per share decreased from $2.59 in the same quarter last year, indicating a decline in profitability [2] - Revenues for the quarter ended October 2025 were $988.65 million, falling short of the Zacks Consensus Estimate by 2.25% and down from $1.09 billion reported a year ago [3] - The company has exceeded consensus revenue estimates in three of the last four quarters, demonstrating its ability to outperform expectations consistently [3] Shareholder Value Initiatives - GIII has introduced its first-ever quarterly dividend program, starting with an initial dividend of $0.10 per share, reflecting confidence in its financial stability and commitment to returning value to shareholders [4][5] - The company's low debt-to-equity ratio of approximately 0.006 underscores its strong financial position, providing a solid foundation for future growth [4]

Lands' End (NasdaqCM:LE) Q3 2026 Earnings Call December 09, 2025 08:30 AM ET Company ParticipantsTom Altholz - Senior Director of Financial Planning and AnalysisNone - OperatorAndrew McLean - CEOBernie McCracken - CFODana Telsey - Founder and CEOConference Call ParticipantsEric Beder - CEO and Consumer Equity AnalystSteve Silver - Senior Equity Research AnalystNoneHello and welcome, everyone, joining today's Lands' End third quarter 2025 earnings call. At this time, all participants are in a listen-only mod ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $318 million, essentially flat year-over-year, while GMV increased low single digits [13] - Adjusted net income was $7 million, or $0.21 per share, with adjusted EBITDA of $26 million, representing a year-over-year increase of approximately 28% [17] - Gross margin improved to nearly 52%, an increase of approximately 120 basis points from Q3 2024 [16] Business Line Data and Key Metrics Changes - U.S. e-commerce business generated $180 million, a decrease of approximately 3% compared to Q3 2024, attributed to improved promotional productivity and inventory efficiency [14] - Third-party marketplace business grew approximately 34%, with significant contributions from Amazon and Macy's [14] - School uniform business grew over 20%, driven by a strong back-to-school season [15] Market Data and Key Metrics Changes - Sales in Europe decreased approximately 20% year-over-year due to increased promotional activity and macroeconomic pressures [16] - Revenue from the licensing business grew over 30% year-over-year, reflecting increased brand visibility [16] Company Strategy and Development Direction - The company is focused on connecting with customers through an asset-light, agile business model, emphasizing high-quality solutions [4] - Strategic investments in third-party marketplaces are aimed at accelerating brand reach and reinforcing the digital ecosystem [14] - The company is expanding its product offerings and marketing strategies to attract a younger customer base [5][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the momentum in North America and noted strong performance in November, particularly during the holiday season [20] - The company is focused on managing promotional levels effectively to maintain gross margins while driving sales [29] - Future guidance includes expected net revenue between $1.33 billion and $1.36 billion for the full year, with GMV anticipated to grow low single digits [19] Other Important Information - The company announced two key leadership appointments to strengthen strategic focus and drive growth [22] - The board is exploring strategic alternatives, with no further comments provided at this time [23] Q&A Session Summary Question: Insights on revenue expectations and promotional levels - Management noted satisfaction with North American growth and effective management of promotional levels, particularly during back-to-school campaigns [28][29] Question: Update on licensing business and future expectations - Management indicated that licensing is expected to continue growing, with new licenses set to take effect in the upcoming quarters [37][40] Question: Inventory levels and future expectations - Inventory increased by only 3% year-over-year, with management expressing confidence in their inventory management strategies [47][49]

Core Insights - Lands' End, Inc. reported a strong third quarter for fiscal 2025, highlighting a 28% increase in Adjusted EBITDA and a net income of $5.2 million, compared to a net loss in the same quarter of the previous year [2][3][5] Financial Performance - Gross Merchandise Value (GMV) increased low-single digits compared to Q3 2024, while net revenue was $317.5 million, a slight decrease of 0.3% from $318.6 million in Q3 2024 [4] - U.S. Digital Segment net revenue rose to $277.5 million, up 1.5% from $273.5 million in Q3 2024 [4] - U.S. eCommerce net revenue decreased by 3.4% to $179.8 million, attributed to improved promotional productivity and inventory efficiency [4] - Outfitters net revenue increased by 7.4% to $78.8 million, driven by a strong back-to-school season [4] - Third Party net revenue surged by 34.0% to $18.9 million, primarily due to growth in marketplace partners like Amazon and Macy's [4] - Europe eCommerce net revenue fell by 20.8% to $19.8 million, impacted by increased promotional activity and macroeconomic pressures [4] - Licensing and Retail net revenue slightly increased by 0.5% to $20.2 million, with licensing revenue growing over 30% [4] Profitability Metrics - Gross profit for Q3 2025 was $164.5 million, a 2.1% increase from $161.1 million in Q3 2024, with gross margin improving by approximately 120 basis points to 51.8% [4][10] - Selling and administrative expenses decreased by $2.3 million to $138.6 million, representing 43.7% of net revenue, reflecting operational efficiencies [4] - Adjusted net income was $6.5 million, with Adjusted diluted earnings per share at $0.21, compared to $1.8 million and $0.06 in Q3 2024 [5][4] Balance Sheet and Cash Flow - Cash and cash equivalents increased to $36.3 million as of October 31, 2025, up from $30.4 million a year earlier [6] - Inventories rose by 3% year-over-year to $347.6 million, primarily due to tariffs [6] - Net cash used in operating activities was $15.2 million for the 39 weeks ended October 31, 2025, compared to $12.2 million for the same period in 2024 [7] Strategic Outlook - The company is exploring strategic alternatives, including potential sale or merger, to maximize shareholder value [12][13] - For fiscal 2025, the company expects net revenue between $1.33 billion and $1.36 billion, with Adjusted EBITDA projected in the range of $99.0 million to $104.0 million [11][12]

Core Points - Lands' End, Inc. will host a conference call on December 9, 2025, at 8:30 a.m. Eastern Time to discuss its third quarter 2025 financial results [1] - A news release with the financial results will be issued prior to the call [1] - An online archive of the conference call will be available on the company's website around noon on the same day [2] Company Overview - Lands' End, Inc. is a leading digital retailer specializing in solution-based apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms [3] - The company sells products through its website, third-party distribution channels, company-operated stores, and third-party license agreements [3] - Lands' End also provides products to businesses and schools through the Outfitters distribution channel, positioning itself as a classic American lifestyle brand [3]

Financial Data and Key Metrics Changes - Total sales increased by 7% in Q3, following an 11% growth last year, resulting in year-to-date total sales growth of 8% on top of 11% from the previous year [5][14] - Comparable store sales for Q3 rose by 1%, with a significant drop in traffic due to warmer-than-usual weather impacting sales [5][6] - Adjusted EBIT margin for Q3 was 6.2%, up 60 basis points from last year, exceeding guidance [15][19] - Adjusted earnings per share for Q3 was $1.80, representing a 16% increase year-over-year and well above guidance [15][19] Business Line Data and Key Metrics Changes - Gross margin rate for Q3 was 44.2%, an increase of 30 basis points year-over-year, driven by a 10 basis point increase in merchandise margin and a 20 basis point decrease in freight expenses [14][15] - Product sourcing costs were $214 million in Q3, slightly up from $209 million last year, but decreased by 40 basis points compared to last year due to supply chain efficiencies [15][17] - Store inventories were down 2% year-over-year, with reserve inventory up 26% in dollar terms, indicating a well-balanced inventory strategy [16][17] Market Data and Key Metrics Changes - The Southeast region was the strongest performer in Q3, while the Southwest trailed the chain [78] - Strong performance was noted in beauty, accessories, and shoes, while home category sales were softer [78] Company Strategy and Development Direction - The company plans to open at least 110 net new stores in 2026, reflecting confidence in the new store pipeline and performance [9][60] - The long-term financial goal remains to achieve approximately $1.6 billion in operating income by 2028, with a focus on margin expansion and new store sales [10][63] - The company is cautious about comp sales growth due to economic uncertainties, planning for flat to 2% growth in 2026 [9][45] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of weather on Q3 sales, noting that once temperatures dropped, comp sales improved to mid-single digits [6][22] - The company remains optimistic about the off-price retail sector, indicating that the shift from traditional retail to off-price is likely to continue [51][52] - Management expressed confidence in the resilience of lower-income customers, who have been performing well despite economic challenges [66] Other Important Information - The company repurchased $61 million in stock during Q3, with $444 million remaining on the repurchase authorization [17] - The company is maintaining its fourth quarter guidance for comp sales growth of flat to 2% and total sales growth of 7% to 9% [18][19] Q&A Session Summary Question: Concerns about relative comp performance versus peers - Management acknowledged a 1% comp in Q3 compared to peers' 6% and 7%, attributing part of the gap to weather but recognizing the need for further analysis on performance differences [28][30] Question: Details on operating margin expansion despite lower comp - Management confirmed that choices made to mitigate tariff impacts contributed to higher margins but may have negatively affected sales [39][41] Question: Risks and opportunities in the 2026 outlook - Management highlighted economic uncertainties as potential risks but noted plans for new store openings and margin improvements [44][45] Question: Potential market share loss to competitors - Management emphasized the importance of the overall off-price sector's health and the opportunity to gain market share from non-off-price retailers [51][52] Question: Pricing strategy in Q3 and Q4 - Management stated a cautious approach to pricing, focusing on maintaining low prices while monitoring market trends [56][57] Question: Trends with lower-income customers - Management reported resilience among lower-income customers, with strong performance in stores located in lower-income areas [66] Question: Guidance for Q4 comp sales and earnings - Management reiterated guidance for Q4 comp sales and increased margin expectations, citing strong trends despite cautiousness [68][70] Question: Availability of off-price merchandise - Management characterized the buying environment for off-price merchandise as strong, with good availability heading into Q4 [72][73]