Lands' End (LE) Tops Q1 EPS by 2c
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June 4, 2015 6:45 AM EDT
DODGEVILLE, Wis., June 4, 2015 (GLOBE NEWSWIRE) -- Lands' End, Inc. (Nasdaq: LE) today announced financial results for the first quarter ended May 1, 2015.
First Quarter Summary:
Merchandise sales and services, net decreased 9.4% to $299.4 million from the first quarter last year. Changes in currency exchange rates negatively impacted Merchandise sales and services, net by approximately $9 million. The Direct segment decreased 8.2% to $253.4 million and the Retail segment decreased 15.5% to $46.0 million.
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Gross margin was unchanged at 49.0% from the first quarter last year
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Operating income decreased to $8.5 million from $18.8 million in the first...
More
June 4, 2015 6:45 AM EDT
DODGEVILLE, Wis., June 4, 2015 (GLOBE NEWSWIRE) -- Lands' End, Inc. (Nasdaq: LE) today announced financial results for the first quarter ended May 1, 2015.
First Quarter Summary:
Merchandise sales and services, net decreased 9.4% to $299.4 million from the first quarter last year. Changes in currency exchange rates negatively impacted Merchandise sales and services, net by approximately $9 million. The Direct segment decreased 8.2% to $253.4 million and the Retail segment decreased 15.5% to $46.0 million.
Â
Gross margin was unchanged at 49.0% from the first quarter last year
Â
Operating income decreased to $8.5 million from $18.8 million in the first...
More
