Consumer Discretionary › Retail-Family Clothing Stores
LE Stock Price Correlated With Lands' End Financials
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Income Statement
Cash Flow
Balance Sheet
LE Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
LE Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
LE Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
NOTE 1. BACKGROUND AND BASIS OF PRESENTATION
Description of Business
Lands’ End, Inc. (“Lands’ End” or the “Company”) is a leading uni-channel retailer of casual clothing, accessories, footwear and home products. Lands’ End offers products online at www.landsend.com, through Company Operated stores and through third-party distribution channels.
Terms that are commonly used in the Company’s Notes to the Consolidated Financial Statements are defined as follows:
•
ABL Facility – Asset-based senior secured credit agreements, providing for a revolving facility, dated as of November 16, 2017, with Wells Fargo, N.A. and certain other lenders, as amended to date
•
Adjusted EBITDA – Net income (loss) appearing on the Consolidated Statements of Operations net of Income tax expense/(benefit), Interest expense, Depreciation and amortization and certain significant items
•
ASC – Financial Accounting Standards Board Accounting Standards Codification, which serves as the source for authoritative GAAP, as supplemented by rules and interpretive releases by the SEC which are also sources of authoritative GAAP for SEC registrants
•
ASU – Financial Accounting Standards Board Accounting Standards Update
•
CARES Act – The Coronavirus Aid, Relief and Economic Security Act signed into law on March 27, 2020
•
Company Operated stores – Lands’ End retail stores in the Retail distribution channel
•
COVID – Coronavirus disease 2019 (COVID-19) caused by severe respiratory syndrome coronavirus 2 (SARS-CoV-2)
•
Debt Facilities – Collectively, the Term Loan Facility and ABL Facility
•
Deferred Awards – Time vesting stock awards
•
EPS – Earnings per share
•
ESL – ESL Investments, Inc. and its investment affiliates, including Edward S. Lampert
•
FASB – Financial Accounting Standards Board
•
First Quarter 2020 – The 13 weeks ended May 1, 2020
•
First Quarter 2021 – The 13 weeks ended April 30, 2021
•
Fiscal 2021 – The 52 weeks ended January 28, 2022
•
Fiscal 2022 – The Company’s next fiscal year representing the 52 weeks ending January 27, 2023
•
GAAP – Accounting principles generally accepted in the United States
•
LIBOR – London inter-bank offered rate
•
Option Awards – Stock option awards
•
Performance Awards – Performance-based stock awards
•
Sears Holdings – Sears Holdings Corporation, a Delaware corporation, and its consolidated subsidiaries
•
SEC – United States Securities and Exchange Commission
•
Second Quarter 2020 – The 13 weeks ended July 31, 2020
•
Separation – On April 4, 2014 Sears Holdings distributed 100% of the outstanding common stock of Lands’ End to its stockholders
•
Term Loan Facility – Term loan credit agreement, dated as of September 9, 2020, among the Company, Fortress Credit Corp., as Administrative Agent and Collateral Agent, and the lenders party thereto
•
Third Quarter 2021 – The 13 weeks ended October 29, 2021
•
Transform Holdco – Transform Holdco LLC, an affiliate of ESL, which on February 11, 2019 acquired from Sears Holdings substantially all of the go-forward retail footprint and other assets and component businesses of Sears Holdings as a going concern
•
UTBs – Gross unrecognized tax benefits
Basis of Presentation
The Consolidated Financial Statements include the accounts of Lands’ End, Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.
The accompanying Consolidated Financial Statements have been prepared in accordance with GAAP. In the opinion of management, all material adjustments are of a normal and recurring nature necessary for a fair presentation of the results have been reflected for the periods presented. Dollar amounts are reported in thousands, except per share data, unless otherwise noted.
Impact of the COVID Pandemic
COVID surfaced in late 2019 and in March 2020, the World Health Organization declared COVID a pandemic. The onset of the COVID pandemic had a disruptive impact on the Company’s business operations and an
Description of Business
Lands’ End, Inc. (“Lands’ End” or the “Company”) is a leading uni-channel retailer of casual clothing, accessories, footwear and home products. Lands’ End offers products online at www.landsend.com, through Company Operated stores and through third-party distribution channels.
Terms that are commonly used in the Company’s Notes to the Consolidated Financial Statements are defined as follows:
•
ABL Facility – Asset-based senior secured credit agreements, providing for a revolving facility, dated as of November 16, 2017, with Wells Fargo, N.A. and certain other lenders, as amended to date
•
Adjusted EBITDA – Net income (loss) appearing on the Consolidated Statements of Operations net of Income tax expense/(benefit), Interest expense, Depreciation and amortization and certain significant items
•
ASC – Financial Accounting Standards Board Accounting Standards Codification, which serves as the source for authoritative GAAP, as supplemented by rules and interpretive releases by the SEC which are also sources of authoritative GAAP for SEC registrants
•
ASU – Financial Accounting Standards Board Accounting Standards Update
•
CARES Act – The Coronavirus Aid, Relief and Economic Security Act signed into law on March 27, 2020
•
Company Operated stores – Lands’ End retail stores in the Retail distribution channel
•
COVID – Coronavirus disease 2019 (COVID-19) caused by severe respiratory syndrome coronavirus 2 (SARS-CoV-2)
•
Debt Facilities – Collectively, the Term Loan Facility and ABL Facility
•
Deferred Awards – Time vesting stock awards
•
EPS – Earnings per share
•
ESL – ESL Investments, Inc. and its investment affiliates, including Edward S. Lampert
•
FASB – Financial Accounting Standards Board
•
First Quarter 2020 – The 13 weeks ended May 1, 2020
•
First Quarter 2021 – The 13 weeks ended April 30, 2021
•
Fiscal 2021 – The 52 weeks ended January 28, 2022
•
Fiscal 2022 – The Company’s next fiscal year representing the 52 weeks ending January 27, 2023
•
GAAP – Accounting principles generally accepted in the United States
•
LIBOR – London inter-bank offered rate
•
Option Awards – Stock option awards
•
Performance Awards – Performance-based stock awards
•
Sears Holdings – Sears Holdings Corporation, a Delaware corporation, and its consolidated subsidiaries
•
SEC – United States Securities and Exchange Commission
•
Second Quarter 2020 – The 13 weeks ended July 31, 2020
•
Separation – On April 4, 2014 Sears Holdings distributed 100% of the outstanding common stock of Lands’ End to its stockholders
•
Term Loan Facility – Term loan credit agreement, dated as of September 9, 2020, among the Company, Fortress Credit Corp., as Administrative Agent and Collateral Agent, and the lenders party thereto
•
Third Quarter 2021 – The 13 weeks ended October 29, 2021
•
Transform Holdco – Transform Holdco LLC, an affiliate of ESL, which on February 11, 2019 acquired from Sears Holdings substantially all of the go-forward retail footprint and other assets and component businesses of Sears Holdings as a going concern
•
UTBs – Gross unrecognized tax benefits
Basis of Presentation
The Consolidated Financial Statements include the accounts of Lands’ End, Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated.
The accompanying Consolidated Financial Statements have been prepared in accordance with GAAP. In the opinion of management, all material adjustments are of a normal and recurring nature necessary for a fair presentation of the results have been reflected for the periods presented. Dollar amounts are reported in thousands, except per share data, unless otherwise noted.
Impact of the COVID Pandemic
COVID surfaced in late 2019 and in March 2020, the World Health Organization declared COVID a pandemic. The onset of the COVID pandemic had a disruptive impact on the Company’s business operations and an
Free historical financial statements for Lands' End Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 42 quarters since 2014. Compare with LE stock chart to see long term trends.
Data imported from Lands' End Inc. SEC filings. Check original filings before making any investment decision.