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LANDS ' END let's get comfy ™ Lands ' End Announces Second Quarter Fiscal 2021 Results September 2 , 2021 Net Revenue grew 23.1 % compared to the same period last year Net Income of $ 16.2 million , compared to a Net income of $ 4.4 million in the same period last year Adjusted EBITDA increases $ 17.5 million to $ 41.4 million compared to the same period last year Updates Fiscal 2021 Outlook DODGEVILLE , Wis . , Sept. 02 , 2021 ( GLOBE NEWSWIRE ) quarter ended July 30 , 2021 . -- Lands ' End , Inc. ( NASDAQ : LE ) today announced financial results for the second Jerome Griffith , Chief Executive Officer , stated , " We are very pleased with our performance this quarter , delivering record second quarter revenue and strength across all of our financial metrics . Our improved product assortment and increased digital marketing spend drove the strength in our Global eCommerce business . With our strategic pillars of growth and an expanded addressable market , we remain very optimistic about the long term potential of our business . " Fiscal Second Quarter Financial Highlights : • For the second quarter , net revenue was $ 384.1 million , an increase of 23.1 % from $ 312.1 million in the second quarter of fiscal 2020 and an increase of 28.8 % from $ 298.3 million in the second quarter of fiscal 2019 . o Global eCommerce net revenue was $ 285.4 million , an increase of 7.7 % from $ 265.1 million in the second quarter of fiscal 2020 and an increase of 32.5 % from $ 215.5 million in the second quarter of fiscal 2019. Compared to the second quarter of last year , U.S. eCommerce increased 7.6 % and International eCommerce grew 8.2 % . o Outfitters net revenue was $ 65.6 million , an increase of 75.4 % from $ 37.4 million in the second quarter of fiscal 2020 and approximately flat compared to the second quarter of fiscal 2019. Compared to the second quarter last year , the increase was driven by stronger demand within the Company's travel - related national accounts and school uniform customers . o Third Party net revenue , which includes sales on third - party marketplaces and U.S. wholesale revenues , was $ 19.1 million in the second quarter compared to $ 5.1 million in the second quarter last year . The $ 14.0 million increase was attributed to the launch of Lands ' End product on Kohls.com and at 150 retail locations in third quarter 2020 . • Gross margin was 46.3 % , expanding approximately 290 basis points compared to 43.4 % in the second quarter of fiscal 2020. The Gross margin increase was primarily due to merchandise margin expansion in the U.S. eCommerce channel driven by enhanced promotional strategies and continued use of analytics , offset by increased shipping costs and surcharges as well as higher sales mix from the lower - margin Third Party channel . • Selling and administrative expenses increased $ 25.1 million to $ 136.6 million or 35.6 % of net revenue , compared to $ 111.5 million or 35.7 % of net revenue , in the second quarter of last year . The increase in expense is due to continued investment in digital marketing and lower operating expenses in second quarter of fiscal 2020 due to actions taken at the onset of the COVID - 19 pandemic to reduce operating expenses and structural costs . The approximately 10 basis point decrease was driven by improved leverage from higher sales and continued expense controls mostly offset by continued investment in digital marketing and lower operating expenses in the second quarter of fiscal 2020 due to actions taken at the onset of the COVID - 19 pandemic . This was also an approximately 540 basis point improvement compared with the second quarter of 2019 despite the higher digital marketing expenses . • Net income was $ 16.2 million or $ 0.48 per diluted share , as compared to net income of $ 4.4 million or $ 0.13 per diluted share in the second quarter of fiscal 2020 . • Adjusted EBITDA was $ 41.4 million in the second quarter of fiscal 2021 , an increase of $ 17.5 million compared to $ 23.9 million in the second quarter of fiscal 2020 . Fiscal Second Quarter Business Highlights : • Total Global eCommerce new customer growth of 8 % . • Recovery in Outfitters business exceeded expectations led by travel - related national accounts and school uniform customers . • Drove higher merchandise margins through use of data analytics and improved inventory management . • Offered swimwear assortment in an additional 150 Kohl's retail locations .