Shares of the Dodgeville, Wis., company at last check were 2.4% higher at $30.75.
For the quarter ended April 30, Lands' End reported net income of $2.6 million, or 8 cents a share, compared with a net loss of $20.6 million, or 64 cents a share, in the year-earlier quarter. The FactSet analyst consensus called for a loss of 29 cents a share in the latest quarter.
Revenue totaled $321.3 million, up 48% from a year earlier and surpassing the FactSet consensus of $280.3 million.
The outfitters unit, which supplies uniforms to schools as well as airlines and other companies, saw revenue increase nearly 28% from a year earlier. The rise came on the back of stronger demand within the company’s travel-related national accounts and school uniform customers.
Offices and schools are beginning to reopen after the COVID-19 pandemic shutdown.
E-commerce revenue came to $260 million, a 44% increase from a year earlier. U.S. e-commerce increased 47% and international e-commerce grew 37%.
Third-party revenue, which includes sales on third-party marketplaces and U.S. wholesale revenue, was $11.8 million, up from $1.5 million. The company attributed the jump to the launch of Lands’ End product on Kohls.com and at 150 Kohl’s (KSS) - Get Report retail locations in third-quarter 2020.
Looking ahead, the company now expects earnings of 5 cents to 12 cents a share, and revenue to range between $345 million and $355 million.
FactSet is forecasting a loss of 16 cents a share and revenue of $321 million.
For the full year, Lands End is calling for net income of 84 cents to $1.04 a share on revenue of $1.61 billion to $1.65 billion. FactSet is calling for full-year earnings of 45 cents a share and revenue of $1.58 billion.
"Our global e-commerce business is stronger than ever as we continued to execute our digitally led product and marketing strategies, while the recovery in outfitters is occurring at a faster pace than we expected," Chief Executive Jerome Griffith said in a statement.