Lands’ End, capitalizing on strong response to its swimwear, reduced supply chain costs, and more targeted promotions, narrowed its loss last quarter and eked out a small revenue gain in a difficult macroeconomic environment.
The classic-styled, all-American brand reported Thursday a net lack of $1.7 million, or $0.05 loss per diluted share, in comparison with a net lack of $2.4 million or $0.07 loss per diluted share, in the primary quarter of fiscal 2022.
Adjusted EBITDA increased by 41.3 percent, or $5.7 million, to $19.5 million in comparison with $13.8 million in the primary quarter of fiscal 2022.
Net revenue increased 1.9 percent to $309.6 million, in comparison with $303.7 million within the year-ago quarter. The outcomes beat analysts’ revenue estimates.
Lands’...
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