DODGEVILLE, Wis., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced financial results for the second quarter ended July 28, 2023. Andrew McLean, Chief Executive Officer
DODGEVILLE, Wis., Aug. 31, 2023 -- Lands' End, Inc. today announced financial results for the second quarter ended July 28, 2023.
Cash and cash equivalents were $26.6 million as of July 28, 2023, compared to $23.5 million as of July 29, 2022. Net cash provided by operations was $54.8 million for the 26 weeks ended July 28, 2023, compared to net cash used in operations of $117.5 million for the 26 weeks ended July 29, 2022. The $172.3 million improvement in cash provided by operating activities was primarily due to the year-over-year improvement in inventory flow and productivity.
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