Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Buy rating and $20 price target and slightly tweaking our projections for Lands' End after the company reported EBITDA & EPS slightly above Street consensus (while bracketing the company's guidance ranges) and revenue below the Street and the lower end of company guidance.</li><li>Further, initial 4QFY25 (January) guidance bracketed the Street.</li><li>That said, we believe, as the company anniversaries key licensing shifts and the International segment continues to evolve, the potential for Lands' End to take the next steps of their evolution to a younger, more return driven company and break the string of YoY revenue declines is nearing, and is now projected for 4QFY25.</li></ul>

We are reiterating our Buy rating and $20 price target and slightly tweaking our projections for Lands' End after the company reported EBITDA & EPS slightly above Street consensus (while bracketing the company's guidance ranges) and revenue below the Street and the lower end of company guidance.Further, initial 4QFY25 (January) guidance bracketed the Street.That said, we believe, as the company anniversaries key licensing shifts and the International segment continues to evolve, the potential for Lands' End to take the next steps of their evolution to a younger, more return driven company and break the string of YoY revenue declines is nearing, and is now projected for 4QFY25.

LE: 3Q Review: "Bridge" to New Lands' End Almost Complete; Reiterate Buy, PT

Lands' End Inc

LE: 3Q Review: "Bridge" to New Lands' End Almost Complete; Reiterate Buy, PT