Lands' End (LE) Improves Q1 EPS to $0.34

Lands' End (NASDAQ: LE) reported Q1 EPS of $0.34, versus $0.23 reported last year. Revenue for the quarter came in at $330.5 million, versus $319 million reported last year.

Merchandise sales and services, net in the Direct segment increased 4.8% to $276.0 million and was driven by growth in the U.S. consumer business. Merchandise sales and services, net in the Retail segment decreased 2.3% to $54.4 million driven by a decrease in the number of Lands' End Shops at Sears and a decrease in Shop Your Way redemption credits resulting from the commercial agreements entered into with Sears Holdings Corporation and its subsidiaries as part of the Company's separation, partially offset by an increase in same store sales. Same store sales in the Retail segment increased 3.4%, driven by higher sales in the Company's Lands' End Shops at Sears. On May 2, 2014, the Company operated 251 Lands' End Shops at Sears and 14 independent Inlet stores.

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

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