Lands'End：2025年季度报告

☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period endedAugust 1,2025-OR- ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period fromto.Commission File Number:001-09769 Lands’ End, Inc. (Exact name of registrant as specified in its charter) Delaware36-2512786(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 5 Lands’ End LaneDodgeville,Wisconsin53595(Address of principal executive offices)(Zip Code) (608)935-9341(Registrant’s telephone number, including area code)Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YES☐NO☒As of September 8, 2025, the registrant had30,516,769shares of common stock, $0.01 par value, outstanding. LANDS’ END, INC.QUARTERLY REPORT ON FORM 10-QFOR THE PERIOD ENDED AUGUST 1, 2025 TABLE OFCONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial Statements (Unaudited)1Condensed Consolidated Statements of Operations1Condensed Consolidated Statements of Comprehensive Operations2Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Cash Flows4Condensed Consolidated Statements of Changes in Stockholders’ Equity5Notes to Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures about Market Risk34Item 4.Controls and Procedures35PART II. OTHER INFORMATION36Item 1.Legal Proceedings36Item 1A.Risk Factors36Item 2.Unregistered Sales of Equity Securities and Use of Proceeds37Item 5.Other Information37Item 6.Exhibits38Signatures39 PART I. FINANCIAL INFORMATION LANDS’ END, INC.Condensed Consolidated Statements of Operations(Unaudited) LANDS’ END, INC.Condensed Consolidated Balance Sheets(Unaudited) LANDS’ END, INC.Condensed Consolidated Statements of Cash Flows(Unaudited) LANDS’ END, INC.Condensed Consolidated Statements of Changes in Stockholders’ Equity(Unaudited) LANDS’ END, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 1. BACKGROUND AND BASIS OF PRESENTATION Description of Business Lands’ End, Inc. (“Lands’ End” or the “Company”) is a leading digital retailer of solution-based apparel, swimwear,outerwear, accessories, footwear, home products and uniforms. Lands’ End offers products online atwww.landsend.com, throughthird-party distribution channels, its own Company Operated stores and third-party license agreements. Lands’ End also offersproducts to businesses and schools, for their employees and students, through the Outfitters distribution channel. Lands’ End is aclassic American lifestyle brand that creates solutions for life’s every journey. References towww.landsend.comdo not constituteincorporation by reference of the information atwww.landsend.com, and such information is not part of this Quarterly Report onForm 10-Q or any other filings with the SEC, unless otherwise explicitly stated. Terms that are commonly used in the Company’s Notes to Condensed Consolidated Financial Statements are defined asfollows: •ABL Facility – Asset-based senior secured credit agreement, providing for a revolving facility, dated as of November16, 2017, with Wells Fargo Bank, N.A. and certain other lenders, as amended to date•ASC – Financial Accounting Standards Board Accounting Standards Codification, which serves as the source forauthoritative GAAP, as supplemented by rules and interpretive releases by