LANDS' END, INC.
For the period ended Jul 31, 2026. Filed Sep 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2026 · Filed Sep 3, 2026
LE$9.49-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| 26 Weeks Ended | ||
|---|---|---|
| (in thousands) | July 31, 2026 | August 1, 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $334,144 | $(11,929) |
| Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 12,247 | 15,947 |
| Amortization of debt issuance costs | 424 | 1,391 |
| Gain on disposal of property and equipment | (28) | — |
| Equity method investment income | (4,439) | — |
| Distributions received from equity method investment | 2,411 | — |
| Gain on WHP Transaction | (491,622) | — |
| Loss on extinguishment of debt | 9,172 | — |
| Stock-based compensation | 2,867 | 2,250 |
| Deferred income taxes | 57,073 | (1,182) |
| Other | (346) | (422) |
| Change in operating assets and liabilities: | ||
| Accounts receivable, net | 2,745 | 9,363 |
| Inventories | (73,930) | (35,420) |
| Accounts payable | 45,790 | 36,250 |
| Other operating assets | 3,387 | (1,343) |
| Other operating liabilities | 13,624 | (14,436) |
| Net cash (used in) provided by operating activities | (86,481) | 469 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Sales of property and equipment | 43 | 11 |
| Proceeds from WHP Transaction | 300,000 | — |
| Cash contribution to JV | (1,250) | — |
| Purchases of property and equipment | (24,013) | (17,163) |
| Net cash provided by (used in) investing activities | 274,780 | (17,152) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from borrowings under ABL Facility | 142,000 | 68,000 |
| Payments of borrowings under ABL Facility | (82,000) | (33,000) |
| Payments on term loan | (234,000) | (6,500) |
| Payments on debt extinguishment | (2,437) | — |
| Payments of debt issuance costs | — | (1,103) |
| Proceeds from exercise of stock options | 908 | — |
| Payments for taxes related to net share settlement of equity awards | (4,313) | (810) |
| Purchases and retirement of common stock, including excise tax paid | (10,848) | (4,513) |
| Net cash (used in) provided by financing activities | (190,690) | 22,074 |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | 811 | (657) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (1,580) | 4,734 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 18,283 | 18,812 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $16,703 | $23,546 |
| SUPPLEMENTAL CASH FLOW DATA | ||
| Unpaid liability to acquire property and equipment | $4,085 | $1,725 |
| Income taxes paid (refunded) | 25,988 | (153) |
| Interest paid | 6,710 | 17,172 |
| Operating lease right-of-use-assets obtained in exchange for lease liabilities | 148 | 386 |
Condensed Consolidated Statements of Changes in Stockholders’ Equity
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