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NEW YORK - Lands’ End Inc. (NASDAQ:LE) reported fourth quarter earnings that fell short of analyst expectations, while providing a mixed outlook for the upcoming year.
The apparel retailer posted adjusted earnings per share of $0.57 for the quarter ended January 31, 2025, missing the consensus estimate of $0.59. Revenue came in at $441.7 million, below Wall Street’s forecast of $464.1 million.
Compared to the same period last year, net revenue decreased 14.2% from $514.9 million. However, gross profit increased 3% to $201.3 million, with gross margin expanding 760 basis points to 45.6%.
"Lands’ End had a strong finish to a year defined by continued positive momentum across the business," said CEO Andrew McLean. "We increased gross profit dollars, expanded gross margins and grew GMV each quarter of fiscal 2024, excluding the 53rd week, resulting in a return to profitability for the full year."
For the first quarter of fiscal 2025, the company expects a net loss between $9 million and $6 million, or $0.22 to $0.13 per share. Full year fiscal 2025 guidance calls for net income of $8 million to $20 million, or $0.48 to $0.86 per share, compared to analyst estimates of $0.45 per share.
The company noted its strategic evolution, including growth from licensing, is driving progress and expanding the brand’s reach. Lands’ End said it remains focused on enhancing its digital business, leveraging its licensing business, and growing its Outfitters segment.
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