BUZZ-Lands End down after updating annual forecasts

** Shares of casualwear chain Lands End LE.O down as much as 15.4% to $13.61

** Stock set for worst day since Aug. 2023, if losses hold

** Co narrows its annual net revenue forecast to between $1.36 bln and $1.40 bln vs previous expectation of $1.35 bln to $1.43 bln

** Also narrows annual adj EPS outlook to between $0.35 and $0.45 from $0.29 to $0.48

** However, posts Q3 revenue of $318.63 mln vs analysts' estimate of $315.21, per data compiled by LSEG

** Brokerage Telsey Advisory Group notes co's solid Q3 results despite slight adj EBITDA miss, and that additional marketing expenses weighed on the bottom line

** Also notes LE is in the midst of transitioning parts of its business to licenses and marketplace selling

** Including session moves, stock has risen ~43% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com))