Lands' End Inc Up 9.79% To $10.21 After Earnings

Lands End Inc (LE) reported less than expected earnings this morning for Q4 2023.

reported that it broke-even during the quarter.



The stock is up 9.79% to $10.21 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Lands' End Inc a Bullish Sentiment Rank from InvestorsObserver.

Lands' End Inc has performed a little below average during the past few months. Before the report, Lands' End Inc received a Long-Term Technical Rank by InvestorsObserver of 48, putting it in the bottom half of stocks. The firm set a 52-week low on October 30, 2023 at $5.98 and set a 52-week high on August 30, 2023 at $10.81.

Lands' End Inc is a United States-based multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. The company operates through six segments namely U.S. eCommerce; International; Outfitters; Third Party and Retail. It generates maximum revenue from the U.S. eCommerce segment. U.S. eCommerce offers products through the Company's eCommerce website. Geographically, it derives a majority of revenue from the United States.