Lands’ End announced fourth quarter and full year fiscal 2025 results with Q4 net revenue of $462.4 million, up 4.7% from prior year, and full year adjusted EBITDA of $102.3 million. The company disclosed a joint venture with WHP Global contributing IP assets for $300 million cash in exchange for 50% ownership to repay $234 million term loan debt.
Key takeaways
Q4 FY2025 net revenue $462.4 million, +4.7% or +$20.7 million vs Q4 FY2024
Q4 adjusted EBITDA $47.4 million vs $43.7 million in Q4 FY2024
FY2025 net revenue $1.34 billion, -2.0% vs FY2024
FY2025 adjusted EBITDA $102.3 million vs $92.6 million in FY2024
Joint venture with WHP Global: $300 million cash for 50% controlling stake in Lands’ End IP
WHP Global tender offer for up to $100 million Lands’ End shares at $45.00 per share