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Tuesday, June 12, 2018

-=Lands' End (LE) reported earnings on Tue 12 June 18 (b/o)



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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