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Lands End, Inc.  (LE)
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    Sector  Retail    Industry Retail Apparel
 
   Industry Retail Apparel
   Sector  Retail
 

EARNINGS REPORT by CSIMarket

Earnings helped by tax benefit


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A $22 million tax benefit, helped Lands End, Inc to post $1.23 eps in the forth quarter 2017



Lands End, Inc announced earnings per share of $1.23 and Sales of $325 millions in the forth quarter 2017, Company's earnings turn positive per share, versus $-2.96 eps, earned in the same quarter a year ago, although Lands End, Inc saw it's Sales rise by 11.29 % in the same period.

From third quarter 2017, eps more than doubled by 12239.59 % from $0.01 per share and Sales surged by 56.88 % from $325 millions.

Company achieved net income of $40 millions in the forth quarter 2017 an improvement versus a net loss of $-95 millions in the same quarter a year ago.

The company's bottom-line growth was helped by $22 million tax benefit, without it, the forth quarter 2017 results would be much more moderate. Lands End, Inc also emphasized it's improving profit margins, where net margin rose to 7.78% in forth quarter 2017, and operating margin edged up to 5.81%.
Lands End, Inc reported earnings of $28 millions and Sales of $1.41 billions for the fiscal year 2017.

Company reported earnings per share of $0.88 compare to $-3.43 in the previous fiscal year, while Sales increased by 5.31 % from $1.34 billions a year ago.
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Lands End reported third quarter 2017 earnings

Lands End reported second quarter 2017 earnings

Lands End reported first quarter 2017 earnings

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