shares of lands end lost nearly a quarter of their value after the retailer cut its fullyear sales outlook and said it now expects a loss for the year as it grapples with mounting inventory and slowing discretionary spending by customers lands end stock fell more than 23 to 890 in premarket trading through wednesdays close the stock was down 41 this year earlier thursday the company which sells clothing accessories footwear and home products posted a surprise loss as sales slipped more than 1 and inventory surged 18 the company cut its fullyear sales outlook to a range of 154 billion to 156 billion down from 16 billion to 164 billion in september lands end now expects a fiscal 2022 loss of between 18 cents a share and 27 cents a share the company had previously expected a fullyear profit of 49 cents to 70 cents a share the company will try to unload its inventory through the holiday shopping season and expects inventory levels to normalize by the end of the spring and summer season next year chief financial officer jim gooch said we anticipate that the fourth quarter will be highly promotional and we plan to remain competitive with our pricing to drive traffic through the holiday season he said for the current fiscal fourth quarter the company expects sales of 510 million to 530 million with earnings per share of breakeven to 9 cents write to will feuer at willfeuerwsjcom