Lands' End (LE) Misses Q4 EPS by 7c
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Lands' End Announces Fourth Quarter and Fiscal 2014 Results
March 25, 2015 6:45 AM EDTDODGEVILLE, Wis., March 25, 2015 (GLOBE NEWSWIRE) -- Lands' End, Inc. (Nasdaq: LE) today announced financial results for the fourth quarter and fiscal year ended January 30, 2015.
Fourth Quarter Summary:
Merchandise sales and services, net decreased 4.9% to $504.6 million from the fourth quarter last year. Gross margin increased 30 basis points to 44.0% from the fourth quarter last year, on top of the 390 basis point increase in the fourth quarter of fiscal 2013. Net income decreased 28.0% to $33.1 million from the fourth quarter last year. Subsequent to the January 22, 2015 announcement of our estimated... More