LE - Lands' End Shares In Freefall After Q2 Earnings Miss Gloomy Q3 Outlook | Benzinga
Lands' End Inc (NASDAQ: LE) reported a second-quarter FY23 sales decline of 7.9% year-on-year to $323.3 million, missing the analyst consensus estimate of $328.2 million.
Global eCommerce revenue decreased 8.7% Y/Y to $218.7 million.
Net revenue in U.S. eCommerce fell 3.6% driven by continued promotional productivity within swim and adjacent product categories, and International eCommerce declined 37.3%.
Adjusted EPS loss of $(0.25) missed the consensus of $(0.11). The gross margin expanded by 220 ...