Lands' End beats by $0.09, beats on revs
- Reports Q1 (Apr) loss of $0.08 per share, $0.09 better than the two analyst estimate of ($0.17); revenues rose 11.7% year/year to $299.83 mln vs the $285 mln two analyst estimate.
- Same store sales declined 18.9%, as compared to the same period last year. Same store sales in Lands' End Shops at Sears locations declined 20.4% for the quarter while same store sales in Company operated stores declined 9.9%.
- Adjusted EBITDA was $9.0 million compared to $1.3 million in the first quarter of fiscal 2017.
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