Lands’ End Q1 profits significantly surpassed expectations – bringing in a net profit of $2.6 million. The brand’s revenue totaled $321.3 million, up 48% from a year earlier and surpassing the FactSet consensus of $280.3 million.
The rise in sales was a result of the strong consumer demand for the company’s travel-related national accounts. The Lands’ End outfitters unit, which supplies uniforms to schools and airlines, saw revenue increase nearly 28% from a year earlier
For the full year, Lands End is calling for net income of 84 cents to $1.04 a share on revenue of $1.61 billion to $1.65 billion. FactSet is calling for full-year earnings of 45 cents a share and revenue of $1.58 billion.
Source: Lands End Q1
Photo Credit: NY Business Journal
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About Lands’ End, Inc
Lands’ End, Inc. (NASDAQ:LE) is a leading uni-channel retailer of casual clothing, accessories, footwear and home products. Operating out of America’s heartland, we believe our vision and values make a strong connection with our core customers. We offer products online at www.landsend.com, on third party online marketplaces and through our own Company Operated stores, as well as, third-party retail locations. We are a classic American lifestyle brand with a passion for quality, legendary service and real value, and seek to deliver timeless style for women, men, kids and the home.
