Lands' End, Inc. reported second-quarter revenue of $302.0 million, up 2.7% year-over-year, as new CEO Charlie Cole outlined a growth agenda focused on digital execution, AI-enabled customer engagement, and operating infrastructure. The company's U.S. eCommerce revenue grew 9.0% to $182.4 million, while new-to-file customers increased double digits and social traffic rose over 30%. The WHP joint venture generated $8.5 million in net earnings for the quarter, contributing to improved profitability despite a 25.2% decline in adjusted EBITDA to $11.3 million. Management guided third-quarter revenue to $300-$330 million and adjusted EBITDA to $14-$18 million, with full-year revenue expected between $1.30-$1.35 billion. Lands' End trades at 5.62x forward EV/EBITDA versus 7.60x for peers, suggesting potential for multiple expansion as margins and cash conversion improve.
Lands’ End IncRevenue growth and new CEO's growth agenda suggest potential for margin improvement and multiple expansion.
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