Lands' End (LE) Misses Q4 EPS by 2c; Retail Revenue Slipped 11.5%
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Lands’ End Announces Fourth Quarter and Fiscal 2015 Results
March 17, 2016 6:45 AM EDTDODGEVILLE, Wis., March 17, 2016 (GLOBE NEWSWIRE) -- Lands End, Inc. (NASDAQ: LE) today announced financial results for the fourth quarter and fiscal year ended January 29, 2016.
Fourth Quarter Fiscal 2015 Highlights:
Net revenue was $473.5 million as compared to $504.6 million in the fourth quarter last year. Direct segment net revenue decreased 5.2% to $409.1 million. Retail segment net revenue decreased 11.5% to $64.4 million driven by an 8.7% decrease in same store sales and a reduction in the number of Lands' End Shops at Sears. Gross margin... More