Lands’ End, Inc. reported strong financial results for the third quarter of 2025, with an increase in gross margin by 120 basis points, net income up $5.8 million, and a 28% increase in Adjusted EBITDA. Despite a slight decrease in net revenue, the company saw growth in various segments, including a 7.4% increase in Outfitters net revenue and a 34% increase in Third Party net revenue. The company also announced expectations for the fourth quarter of fiscal 2025, with net revenue projected between $460.0 million and $490.0 million, and Adjusted EBITDA in the range of $49.0 million to $54.0 million. Additionally, Lands’ End initiated a strategic alternatives process to explore options to maximize shareholder value.

The company’s balance sheet showed cash and cash equivalents of $36.3 million as of October 31, 2025, and inventories totaling $347.6 million. Lands’ End reported adjusted net income of $6.5 million and adjusted diluted earnings per share of $0.21 for the third quarter of 2025. Adjusted EBITDA was $25.9 million for the same period, representing a 28% increase from the third quarter of 2024. Looking ahead, the company expects net revenue for fiscal 2025 to be between $1.33 billion and $1.36 billion, with Adjusted EBITDA in the range of $99.0 million to $104.0 million.

In addition to financial results, Lands’ End provided guidance for the fourth quarter of fiscal 2025, with net income expected to be between $21.0 million and $25.0 million, and Adjusted EBITDA projected to be in the range of $49.0 million to $54.0 million. For the full fiscal year 2025, the company anticipates net income between $14.0 million and $18.0 million, with Adjusted EBITDA in the range of $99.0 million to $104.0 million. The company’s strategic alternatives process, initiated in March 2025, remains ongoing, with no definitive outcome or timeline announced yet.

Read more at GlobeNewswire: Lands’ End Announces Third Quarter 2025 Results