Lands' End Third Quarter 2023 Earnings: Misses Expectations

Lands' End (NASDAQ:LE) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$371.0m (down 1.3% from 3Q 2022).

• Net loss: US$4.68m (down by 163% from US$7.40m profit in 3Q 2022).

• US$0.14 loss per share (down from US$0.22 profit in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lands' End Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Online Retail industry in the US are expected to grow by 12%.

Performance of the American Online Retail industry.

The company's shares are down 31% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Lands' End has 3 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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