Lands' End (LE) Misses Q3 EPS by 6c
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Lands' End Announces Third Quarter Fiscal 2016 Results
December 1, 2016 6:45 AM ESTDODGEVILLE, Wis., Dec. 01, 2016 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced financial results for the third quarter ended October 28, 2016.
Third Quarter Fiscal 2016 Highlights:
Net revenue was $311.5 million as compared to $334.4 million in the third quarter last year. Direct segment net revenue decreased 5.5% to $272.1 million, as compared to the same period last year. Retail segment net revenue decreased 15.6% to $39.3 million, as compared to the same period last year, primarily due to a 14.3% decrease in same store sales and fewer Lands' End Shops at... More