Lands' End Announces Third Quarter Fiscal 2016 Results

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Lands' End (LE) Misses Q3 EPS by 6c

December 1, 2016 6:48 AM EST

Lands' End (NASDAQ: LE) reported Q3 EPS of ($0.11), ex-items, $0.06 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $311.5 million versus the consensus estimate of $303.61 million.

The company reported a 14.3% decrease in same store sales.

James Gooch, Co-Interim Chief Executive Officer and Chief Financial Officer stated, While we are disappointed in our third quarter sales and gross margin... More