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Stock impact report

Lands' End Announces Fourth Quarter and Fiscal 2018 Results

Lands' End, Inc. (LE) 
Last lands' end, inc. earnings: 3/17 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: investors.landsend.com/investor-relations
Company Research Source: GlobeNewswire
DODGEVILLE, Wis., March 21, 2019 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced financial results for the 13-week fourth quarter and 52-week fiscal year ended February 1, 2019, compared to the 14-week fourth quarter and 53-week fiscal year ended February 2, 2018. Fourth Quarter Fiscal 2018 Highlights: Net revenue for the fourth quarter decreased 1.6% to $502.3 million, compared to $510.6 million in the fourth quarter last year, which included $25.9 million from the 53rd week.  Excluding the sales from the 53rd week and $21.4 million from closed Sears stores, revenue would have increased 8.4%.  At the end of the fourth quarter, there were 125 fewer Lands' End Shops at Sears and four more Company Operated stores compared to the same period last year.Same store sales for the retail business increased by 9.1% overall, with Company Operated stores increasing by 15.1%.Gross margin was approximately flat at 38.9% as compared to fourth quarter last year.Operating income Show less Read more
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