Lands’ End, Inc. (NASDAQ:LE) shares are trading higher after the company reported second-quarter earnings results.
Net revenue was $317.2 million, beating the analyst consensus of $307.41 million. Adjusted loss per share of $0.02 exceeded the street view of $0.11 loss.
Global eCommerce Net revenue was $211.3 million, a decrease from $218.7 million a year ago quarter.
Outfitters net revenue was $63.2 million, a decrease of 7.1% Y/Y. Third-party net revenue was $30.1 million, an increase of 23.4% Y/Y in the quarter.
Gross profit increased 8.8% to $151.9 million, with gross margin rising by around 470 basis points Y/Y to 47.9%. The gross margin improved mainly due to strength in ...
