Lands' End, Inc. (NASDAQ:LE) Q1 2023 Earnings Call Transcript June 1, 2023 8:30 AM ET
Company Participants
Bernie McCracken - Interim CFO
Andrew McLean - CEO
Conference Call Participants
Dana Telsey - Telsey Advisory Group
Alex Fuhrman - Craig-Hallum Capital Group
Operator
Good day, everyone, and welcome to today's Lands' End's First Quarter Earnings Call. At this time all participants are in a listen-only mode. [Operator Instructions]. It is now my pleasure to turn the conference over to Bernie McCracken, Interim Chief Financial Officer.
Bernie McCracken
Good morning, and thank you for joining the Lands' End earnings call for a discussion of our first quarter 2023 results. which we released this morning and can be found on our website, landsend.com. I'm Bernie McCracken, Interim Chief Financial Officer, and I'm pleased to join you today with Andrew McLean, our Chief Executive Officer.
After the prepared remarks, we will conduct a question-and-answer session. Please also note that the information we're about to discuss includes forward-looking statements. Such statements involve risks and uncertainties. The company's actual results could differ materially from those discussed on this call. Factors that could contribute to such differences include but are not limited to, those items noted and included in the company's SEC filings, including our annual report on Form 10-K and quarterly reports on Form 10-Q.
The forward-looking information that is provided by the company on this call represents the company's outlook as of today, and we do not undertake any obligation to update forward-looking statements made by us. Subsequent events and developments may cause the company's outlook to change.
During this call, we'll be referring to non-GAAP measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures can be found in our earnings release issued earlier today. A copy of which is posted in the Investor Relations section of our website at landsend.com.
With that, I will turn the call over to Andrew.
Andrew McLean
Thank you, Bernie. Good morning, and thank you for joining us today. I'm pleased with our results for the first quarter, which demonstrate the strength of the Lands' End brand and deep customer affinity, the value of our core offerings, and our company-wide focus on stellar execution. We generated revenues of $310 million at the high end of our expectations and adjusted EBITDA of $19.5 million, well exceeding our guidance.