What changed
Lands’ End printed Q2 FY26 adjusted EPS of $0.09, up from a $0.04 adjusted loss a year ago. Revenue rose 2.7% YoY to $302M. Q3 FY26 adjusted EPS guidance is $0.07-$0.20; FY26 adjusted EPS guidance is $0.44-$0.72. Gross margin expanded ~320 bps to 52.0%, driven primarily by IEEPA tariff refunds, partially offset by the new JV royalty structure and warehouse management system costs.
Why it matters
Lands’ End printed Q2 FY26 adjusted EPS of $0.09, up from a $0.04 adjusted loss a year ago. Revenue rose 2.7% YoY to $302M. Q3 FY26 adjusted EPS guidance is $0.07-$0.20; FY26 adjusted EPS guidance is $0.44-$0.72. Gross margin expanded ~320 bps to 52.0%, driven primarily by IEEPA tariff refunds, partially offset by the new JV royalty structure and warehouse management system costs.