Featured Posts

To top
Title Image

SwimwearShines Tag

2 Jun

Lands’ End Narrows Loss, Swimwear Shines

Lands’ End Narrows Loss, Swimwear Shines
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’...
Continue reading