lands end inc plans to buy back up to 50 million of its shares a move the retailer said signals confidence in the strength of the business model and longterm growth prospects the company said tuesday its board authorized the repurchase of shares through feb 2 2024 from time to time in the open market in privately negotiated transactions or by other means lands end also continues to look at debt refinancing options it said we believe a balanced capital allocation strategy supported by a share repurchase program optimized debt structure and continued investment in our growth strategies will drive longterm value for our stockholders president and chief financial officer jim gooch said the company said it expects share purchases will be funded through existing cash on hand cash from operations borrowings or a combination of these early this month lands end lowered its guidance for the fiscal year due to pressures such as supplychain delays and inflation the retailer of casual clothing accessories and home products said it expected revenue for the fiscal year of between 162 billion and 168 billion down from a previous forecast of 168 billion to 175 billion and pershare earnings of 60 cents to 88 cents against prior guidance from march for 71 cents to 104