LE News & Events

Reports Q4 revenue $462.4 vs, $441.7M last year. Andrew McLean, Chief Executive Officer, stated, "The fourth quarter was a turning point for Lands' End as we returned to topline growth, driven by our most significant businesses, and capped off a year in which we strengthened the foundation for sustainable, profitable, long-term growth. From this position of strength, we recently announced a transaction to form a new joint venture with WHP Global to monetize and build on Lands' End's intellectual property and unlock near and long-term value creation opportunities. This transformative partnership enables us to eliminate our term loan debt and provides the opportunity for additional upside from the potential conversion of Lands' End's stake in the JV in certain WHP Global monetization events. This joint venture will accelerate brand licensing growth through new categories and channels, and internationally, leveraging WHP Global's expertise and track record growing diverse and well-recognized brands like Lands' End. Additionally, it expands our strategic flexibility as an operating company to consider and pursue opportunities to enhance growth. We're confident that this transaction creates incremental, long-term, higher-return growth opportunities for Lands' End shareholders."

The company said, "Due to the pending transaction with WHP Global, the Company will not be providing financial guidance at this time. Following completion of the transaction, the Company expects to provide financial guidance in conjunction with the release of results for the first quarter of fiscal 2026. At that time, the Company expects to provide both full year and second quarter fiscal 2026 outlooks. Additionally, the Company will host an enhanced earnings call with the release of results for the first quarter of fiscal 2026 in June that will include a comprehensive multi-year financial framework detailing the key operating model drivers for the post-transaction business in steady state."

LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P., d/b/a WHP Global, announced the commencement of a tender offer to purchase up to 2,222,222 of the issued and outstanding shares of common stock of Lands' End at a price of $45.00 per share in cash, without interest and less any applicable tax withholdings. If Lands' End's stockholders tender more than 2,222,222 Shares, the Tender Offer will be subject to proration, and Purchaser will purchase Shares on a pro rata basis. As a result of the Tender Offer, WHP Global is expected to own approximately 7% of Lands' End. The Tender Offer will expire at one minute past 11:59 p.m., New York City time, on March 26, unless extended or earlier terminated.