The Dodgeville, WI-based company reported first quarter net income of $1.7 million, or 5 cents per diluted share, well below the 34 cents per share the company earned during the same period last year.
Revenue for the period fell 9.4% year over year to $299.4 million.
Analysts on average forecast first quarter earnings of 3 cents per share on revenue of $320.5 million.
TheStreet Ratings team rates LANDS' END INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LANDS' END INC (LE) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and feeble growth in the company's earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: LE Ratings Report