Retail

Lands’ End (LE) Q4 2020 earnings beat, shares rise

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A woman shops for Lands End brand sweaters in Niles, Illinois.

Tim Boyle | Getty Images

Lands’ End shares jumped nearly 7% at one point in premarket trading Wednesday after the apparel and home-goods retailer reported fourth-quarter earnings and sales that topped analysts’ estimates.

It also offered a better-than-expected outlook for the current quarter and said it anticipates sales and profits to grow for the full year.

Here’s how Lands’ End did for the quarter ended Jan. 29 compared with what analysts were anticipating, using a poll by Refinitiv:

  • Earnings per share: 60 cents vs. 56 cents expected
  • Revenue: $538.4 million vs. $530.9 million expected

Net income for the period fell to $19.9…



Source cnbc.com

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