Lands' End (NASDAQ: LE) reported Q4 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $458.8 million versus the consensus estimate of $459.43 million.

• Net revenue for fourth quarter 2016 was $458.8 million as compared to $473.5 million in the fourth quarter last year. Direct segment net revenue decreased 2.6% to $398.5 million, as compared to the same period last year. Retail segment net revenue decreased 6.3% to $60.3 million, as compared to the same period last year, primarily due to fewer Lands' End Shops at Sears and a 1.7% decrease in same store sales.
• Gross margin for fourth quarter 2016 was 38.6% as compared to 42.0% in the fourth quarter last year. During the quarter, the Company wrote down $2.3 million of prior-season inventory from the Company's Canvas by Lands' End brand, which had a 50 basis point negative impact on gross margin.
• Net loss for fourth quarter 2016 was $94.8 million, or $2.96 per share, compared to a net loss of $39.5 million, or $1.23 per share in the fourth quarter of fiscal 2015.
• Adjusted net income(1) for fourth quarter 2016, excluding a $173.0 million ($107.8 million after-tax) non-cash impairment charge related to the write-down of the Lands’ End trade name, an indefinite-lived intangible asset, was $13.0 million, or $0.41 per share. For the fourth quarter of fiscal 2015, Adjusted net income(1), excluding a $98.3 million ($62.0 million after-tax) non-cash impairment charge related to the write-down of the Lands' End trade name was $22.6 million, or $0.71 per share.
• Adjusted EBITDA(2) was $30.7 million for fourth quarter 2016 compared to $48.1 million for fourth quarter fiscal 2015.

For earnings history and earnings-related data on Lands' End (LE) click here.