=Lands' End (LE) reported earnings on Thur 6 Sept 2018 (b/o)

Lands' End misses by $0.12, misses on revs 

• Reports Q2 (Jul) loss of $0.16 per share, $0.12 worse than the two analyst estimate of ($0.04); revenues rose 1.9% year/year to $307.95 mln vs the $322.2 mln two analyst estimate.
• Direct segment net revenue increased 6.4% to $276.6 million, as compared to the same period last year. Retail segment net revenue decreased 25.8% to $31.3 million, primarily attributable to the reduction of 57 of our Lands' End Shops at Sears locations combined with a same store sales decline of 5.8%. Same store sales in Lands' End Shops at Sears locations declined 6.7% for the quarter while same store sales in our Company operated stores declined 0.6%.