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 ...

Core Viewpoint - Cintas Corporation (NASDAQ:CTAS) is pursuing a $5.2 billion acquisition of UniFirst, marking its third attempt to acquire the uniform company, following a previous $5.3 billion hostile takeover bid in January 2023 [1][2]. Company Overview - Cintas Corporation specializes in business services, primarily focusing on uniforms [1]. - The company has demonstrated a commitment to growth through acquisitions, having first approached UniFirst for a potential acquisition in 2022 [1]. Acquisition Details - The latest offer for UniFirst is priced at $5.2 billion, with Cintas having previously made a $275 per share offer during its January bid [1]. - RBC Capital has set a price target of $206 per share for Cintas, indicating confidence in the company's ability to maintain double-digit earnings growth margins of up to 35% [1]. Market Context - The acquisition is part of a broader trend in dealmaking observed during the Trump Administration, as noted by Jim Cramer [1][2]. - Cramer expressed optimism about the potential for excitement in the uniform sector as companies like Cintas and UniFirst consider consolidation [2].

Cintas, a maker of workplace products, is offering $5.2 billion for smaller uniform supplier UniFirst. - Erik McGregor/LightRocket/Getty Images Cintas, a big maker of workplace products, has submitted another offer to acquire smaller uniform supplier UniFirst, showing no signs of giving up after nearly four years of failing to get a deal done. This time, it is bidding $5.2 billion and vowing to make sure the transaction clears any regulatory hurdles by including a sizable break fee to sweeten the deal. ...

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]

Vestis (NYSE:VSTS) Q4 2025 Earnings Call December 02, 2025 08:30 AM ET Company ParticipantsKelly Janzen - EVP and CFOShlomo Rosenbaum - Managing DirectorJim Barber - President and CEOStefan Neely - Investor RelationsConference Call ParticipantsAndrew Steinerman - Equity Research AnalystRonan Kennedy - Equity Research and Analyst – EquityNone - AnalystNone - AnalystGeorge Tong - Senior Research AnalystAndrew J. Wittmann - Senior Equity Research AnalystOperatorTo the Vestis Corporation Fiscal Fourth Quarter a ...

Financial Data and Key Metrics Changes - Reported revenue for Q4 2025 was $712 million, or approximately $660 million when normalized, reflecting a decline of $24 million, or 3.5% year-over-year compared to Q4 2024 [13][14] - Adjusted EBITDA for Q4 was $65 million, representing an adjusted margin of 9.1%, down from 11.8% in the same quarter last year [16][20] - Full-year effective tax rate for 2025 was 9.2%, with an expectation of 25-30% for 2026 [15][16] Business Line Data and Key Metrics Changes - Rental revenue decreased by $18 million, while direct sales revenue fell by $5 million, contributing to the overall revenue decline [13][14] - Business retention as measured in revenue dollars was 91.8% at the end of Q4, essentially flat compared to the previous quarter [14] Market Data and Key Metrics Changes - The normalized revenue impact from churn or lost business was approximately $60 million compared to the same quarter in the prior year [14] - The company experienced a negative foreign currency impact of $1 million [13] Company Strategy and Development Direction - The company has initiated a multi-year business transformation plan focusing on commercial excellence, operational excellence, and asset and network optimization [4][7][18] - The transformation plan aims to generate run-rate operating cost savings of at least $75 million by the end of 2026 [18][19] - The company is committed to improving customer relationships and service quality while optimizing its product mix to enhance long-term margins [6][10][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in customer service and revenue quality, emphasizing the need for a disciplined approach to pricing and customer retention [4][5][6] - The company expects revenue for fiscal 2026 to be flat to down 2% compared to normalized fiscal 2025 revenue, with adjusted EBITDA projected between $285 million and $315 million [19][20] - Management expressed optimism about the transformation plan and its potential to unlock operating leverage and deliver consistent, profitable growth [10][25] Other Important Information - The company generated $31 million in operating cash flow and $16 million in free cash flow during the quarter, reflecting improvements in working capital efficiency [17] - Net debt at the end of the fiscal quarter was $1.34 billion, with no debt maturities until 2028 [17][18] Q&A Session Summary Question: What is the current state of company culture and the team in place for the transformation? - Management acknowledged that employee engagement levels are not at their highest due to recent challenges but emphasized the importance of a strong vision and leadership to guide the transformation [28][30] Question: How does the company plan to optimize its network and logistics? - Management stated that the focus is on optimizing plant operations first before making decisions on network consolidation, ensuring that plants operate effectively to support customer needs [37][60] Question: What are the assumptions behind the fiscal 2026 free cash flow guidance? - The guidance includes estimates for interest, cash taxes, and restructuring charges, with capital expenditures expected to be in line with the previous year [46][47] Question: How does the company plan to implement its new pricing strategy? - The new pricing strategy will align costs to serve with pricing decisions, focusing on improving service quality and leveraging existing customer relationships for growth [71][87]

Core Insights - Vestis Corporation reported its fiscal fourth quarter and full-year results, highlighting an additional week of operations compared to the previous year [1] Financial Performance - Fourth Quarter 2025 Revenue reached $712 million [1] - Operating Income for the fourth quarter was $18 million [1] - The company experienced a Net Loss of $13 million, equating to $(0.10) per diluted share [1] - Adjusted Net Income stood at $4 million, or $0.03 per diluted share [1]

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]

Core Insights - Inflation is currently at 3.2%, which impacts returns, necessitating companies that can raise dividends faster than inflation [1] - Dividend Aristocrats, companies that have consistently increased dividends for over 25 years, are sought after for their resilience and ability to outperform inflation [1] Company Analysis - Cintas Corporation (CTAS) is highlighted as a top Dividend Aristocrat with a strong analyst rating of 3.5 to 5, indicating a "Moderate" to "Strong Buy" expectation from Wall Street [4] - Cintas reported a year-over-year sales increase of approximately 9% to $2.7 billion and a net income rise to $491 million, reflecting solid financial performance [5] - The company has a forward annual dividend of $1.40, yielding around 0.75%, with an impressive five-year dividend growth rate of 143.75%, significantly outpacing inflation [5]

Financial Data and Key Metrics Changes - Full year revenues reached $2,432,000,000, representing an increase of 2.1% compared to fiscal 2024 after adjusting for last year's additional week of operations [6] - Consolidated revenues for Q4 2025 were $614,400,000, compared to $639,900,000 a year ago, with a revenue growth of approximately 3.4% when excluding the extra week in fiscal 2024 [20][22] - Consolidated operating income for the quarter was $49,600,000, down from $54,000,000 in the prior year, and net income decreased to $41,000,000 or $2.23 per diluted share from $44,600,000 or $2.39 per diluted share [20] - Consolidated adjusted EBITDA for the quarter was $88,100,000 compared to $95,000,000 in the prior year [21] Business Line Data and Key Metrics Changes - Uniform and Facility Service Solutions revenues for the quarter were $560,100,000, a decrease of 4.4% from 2024, with organic growth of approximately 2.9% [22][23] - First Aid and Safety segment revenues increased to $31,100,000 with organic growth of 12.4%, driven by the segment's van business [24] - Revenues from the other segment, which consists of nuclear services, were $23,300,000, a decrease of 5.3% from 2024 due to lower activity in North American nuclear operations [25] Market Data and Key Metrics Changes - The company experienced notable improvements in customer retention in fiscal 2025 after two years of elevated loss business, with key leading indicators such as NPS scores trending positively [7] - The employment environment has softened, impacting parts of the customer base, with reductions in wearer numbers becoming more pronounced [7][12] Company Strategy and Development Direction - The company aims to drive organic growth to mid-single digits and improve EBITDA margins into the high teens over the next couple of years [16] - Investments are being made in strengthening service teams, expanding capacity and stability, and enhancing customer experience through the UniFirst Way [8][11] - The company is focused on optimizing procurement, inventory management, and sourcing facilitated by the Oracle ERP platform [15] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the ability to drive meaningful improvements in overall profitability despite expected temporary setbacks in fiscal 2026 [14][16] - The influence of tariffs is expected to impact short to medium-term profitability, with ongoing efforts to minimize cost increases [12][13] - The company anticipates that the investments in technology and service will yield benefits in the long term, although they may not be immediately visible [46][48] Other Important Information - The company has a robust balance sheet with no long-term debt and cash, cash equivalents, and short-term investments totaling $209,200,000 [25] - Capital expenditures totaled $154,300,000, with significant investments in ERP and facility enhancements [25][29] Q&A Session Summary Question: Confirmation of organic growth guidance for Uniform Facility Services - Management acknowledged the momentum in sales and retention but indicated that the economic outlook and reductions in wearer numbers would contribute to headwinds in organic growth for the current year [33][34] Question: Margin impacts and investments for 2026 - Management outlined that tariffs, sales investments, service investments, and digital transformation costs would contribute to margin headwinds, with expectations for operational efficiency to provide some offsets [36][37] Question: Trajectory of margins in fiscal 2026 - Management indicated that margins would likely follow historical patterns, with tariff impacts becoming more pronounced in the latter half of the year [75][76] Question: Expected softness in nuclear services - Management expects a wind down of a large project in the first quarter, with normal seasonality expected across quarters [79] Question: Pricing environment and client base changes - Management noted that pricing remains challenging due to inflation and tariffs, with a fluid environment impacting manufacturing clients [55][58]