Lands' End (LE) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, June 10, 2026 astatine 9:37 AM CDT 61 min read

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Date

Tuesday, June 9, 2026 astatine 8 a.m. ET

Call participants

• Chief Executive Officer — Andrew McLean

• Chief Financial Officer — Bernard McCracken

• Senior Director of Financial Planning and Analysis — Tom Altholz

Full Conference Call Transcript

Tom Altholz: Good morning, and convey you for joining our First Quarter Fiscal 2026 Enhanced Earnings Conference Call. In summation to our fiscal results, we volition sermon our forward-looking strategy and fiscal outlook pursuing the closing of our associated task transaction with WHP Global. This morning's quality merchandise and an accompanying capitalist presumption tin beryllium recovered connected our website, landsend.com. I'm Tom Altholz, Lands' End's Senior Director of Financial Planning and Analysis, and I'm pleased to articulation you contiguous with Andrew McLean, our Chief Executive Officer; and Bernie McCracken, our Chief Financial Officer. After the prepared remarks, we volition behaviour a question-and-answer session. Please besides enactment that the accusation we're astir to sermon includes forward-looking statements. Such statements impact risks and uncertainties.

The company's existent results could disagree materially from those discussed connected this call. Factors that could lend to specified differences include, but are not constricted to, those items noted and included successful the company's SEC filings, including our yearly study connected Form 10-K and quarterly reports connected Form 10-Q and successful the slides which travel this webcast and tin beryllium recovered connected our Investor Relations website. The forward-looking accusation that is provided by the institution connected this telephone represents the company's outlook arsenic of today, and we bash not undertake immoderate work to update forward-looking statements made by us. Subsequent events and developments whitethorn origin the company's outlook to change.

In addition, our comments besides contiguous illustrative examples of imaginable outcomes related to our associated venture. There tin beryllium nary assurance that specified examples volition hap oregon that the associated task volition present the hypothetical results presented. During this call, we volition beryllium referring to non-GAAP measures. These non-GAAP measures are not prepared successful accordance with mostly accepted accounting principles. A reconciliation of non-GAAP fiscal measures to the astir straight comparable GAAP measures tin beryllium recovered successful our net merchandise issued earlier today, a transcript of which is posted successful the Investor Relations conception of our website astatine landsend.com. With that, I'll crook the telephone implicit to Andrew.

Andrew McLean: Thank you, Tom. Good morning, everyone. I'll statesman by noting that arsenic we previewed past quarter, today's telephone volition screen some our Q1 net arsenic good arsenic a much broad treatment of our strategical priorities and the important opportunities ahead. After our quarterly results, we volition supply an overview of the associated task transaction with WHP Global, which closed connected April 1, our post-transaction operating model, including the cardinal maturation drivers down it, our fiscal outlook for Q2, and afloat twelvemonth 2026 arsenic good arsenic 3-year targets and the imaginable worth instauration opportunities the associated task unlocks.