Lands’ End Inc. (NASDAQ:LE) reported first quarter earnings before market open today, that beat street view.
On a GAAP basis, LE reported net loss of $ 2.63 million or 8 cents per share, compared with loss of $ 7.84 million or 24 cents per share, a year ago period.
Headquartered in Dodgeville, Wisconsin, LE recorded net revenue that rose 12% to $ 299.83 million from $ 268.37 million in the same quarter last year.
Analysts polled by Thomson Reuters expected Lands’ End to reveal loss of $ 0.17 per share on revenue of $ 285.00 million for the first quarter.
Jerome S. Griffith, President and CEO, stated, We are pleased to be starting off the year on a strong note. Our first quarter results represent the fourth straight quarter of top line growth and third quarter of profitability growth, demonstrating the continued progress we have made across our strategic initiatives. We saw excellent growth in our uniform business with the successful launch of our Delta Airline business.