Lands' End (LE) Tops Q3 EPS by 2c, Offers Q4 Guidance
Lands' End (NASDAQ: LE) reported Q3 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $340 million versus the consensus estimate of $349.77 million.
GUIDANCE:
Lands' End sees Q4 2019 EPS of $0.74-$0.83, versus the consensus of $0.71. Lands' End sees Q4 2019 revenue of $545-555 million, versus the consensus of $549.6 million.
For the fourth quarter of fiscal 2019 the Company expects:
- Net revenue to be between $545.0 million and $555.0 million.
- Net income to be between $24.0 million and $27.0 million, and diluted earnings per share to be between $0.74 and $0.83.
- Adjusted EBITDA(1) in the range of $46.0 million to $50.0 million.
For fiscal 2019 the Company now expects:
- Net revenue to be between $1.45 billion and $1.46 billion.
- Net income to be between $18.0 million and $21.0 million, and diluted earnings per share to be between $0.55 and $0.64.
- Adjusted EBITDA(1) in the range of $75.0 million to $79.0 million.
- Capital Expenditures of approximately $40.0 million.
For earnings history and earnings-related data on Lands' End (LE) click here.
