LE - Is Lands' End Being Valued Too Harshly by the Market?
Lands' End (NASDAQ: LE) reported fiscal third-quarter results on Dec. 2, only to see shares decline 10% the same day. This sell-off came despite year-over-year revenue gains and growth over 2019 as well. However, investors were focused on its guidance, as well as ongoing supply chain struggles, which may override bullish signs for the clothing retailer going forward.
Though Wall Street was initially unimpressed with the latest earnings, Lands' End appears to be performing well. Its $375.8 million of net revenue was up 4.4% year over year and 10.5% on a two-year basis.
Image source: Lands' End.
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Is Lands' End Being Valued Too Harshly by the Market?