LAKE - Lakeland Industries Posts Q4 Earnings Below Street View: Details | Benzinga
Lakeland Industries Inc (NASDAQ:LAKE) reported fourth-quarter FY24 sales growth of 7.7% year-on-year to $31.20 million, missing the analyst consensus estimate of $32.50 million.
Gross profit was $11.2 million for the quarter, an increase of 3.2% Y/Y. Gross margin compressed to 35.9% from 37.5% last year. Excluding a one-time charge for inventory right-sizing, the gross margin would have been 44.6%.
Lakeland reported an ...