Lands' End Announces Second Quarter Fiscal 2019 Results
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Lands' End (LE) Tops Q2 EPS by 10c, Revenues Beat; Q3 Revenue Views Below Consensus, FY19 Revenue Mid-Point Outlook Above Consensus, Affirms Q3 & FY19 EPS Outlook
September 5, 2019 6:49 AM EDTLands' End (NASDAQ: LE) reported Q2 EPS of ($0.09), $0.10 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $298.3 million versus the consensus estimate of $289.54 million.
Net revenue for the second quarter decreased 3.1% to $298.3 million as compared to the same period last year reflecting 110 fewer Lands End Shops at Sears, which resulted in a net revenue decline from Sears operations of $19.9 million. Excluding the impact from the Delta Air Lines launch last year and Sears operations, revenue would have increased by 5.5%.° Global eCommerce revenue growth of 7.3% was driven by greater... More
