LE Earnings Prediction
The chart below shows how LE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LE sees a +8.67% change in stock price 10 days leading up to the earnings, and a +5.01% change 10 days following the report. On the earnings day itself, the stock moves by -1.71%. This data can give you a slight idea of what to expect for the next quarter's release.
LE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
324.74M
-12.47%
0.42%
Gross Margin
44.04%
17.85%
9.50%
Operating Margin
1.66%
124.32%
-7.26%
Net Margin
-34.61%
2646.83%
1295.56%
EPS
-3.52
-2414.29%
1308.00%
No Data Available
LE Earnings Analysis
Lands' End, Inc. Common Stock Corporation (LE.O) Earnings Conference Call
Positive
Q3 Revenue and EBITDA Growth: In the third quarter, we delivered net revenue of $319 million, adjusted EBITDA of $20 million, a year-over-year increase of 17%.
Inventory Improvement and Churn Increase: We drove a 20% year-over-year improvement in our inventory position and a double-digit increase in our churn rate.
eCommerce Margin Improvement: Our U.S. eCommerce business delivered its 7th consecutive quarter of margin improvement with an increase of approximately 350 basis points.
Gross Profit Increase: We generated a 6% increase in gross profit dollars driven by continued efforts to prioritize higher quality sales.
European Business Performance: Our European business continued its momentum during the third quarter, with gross margin up approximately 900 basis points and gross profit up 13% year-over-year.
Negative
Revenue Performance Overview: Total revenue performance came in at the middle of our guidance range at $319 million, a decrease of 2% compared to last year.
E-commerce Sales Decline: U.S. e-commerce saw a sales decrease of 2% compared to the third quarter of 2023.
School Uniform Sales Decline: Sales from our school uniform channel were down 8% year-over-year, driven primarily by the timing of customer orders compared to the prior year.
Quarterly Net Loss: We had a net loss of $0.6 million, or $0.02 per share, during the third quarter.
Inventory Decline: Inventories at the end of the quarter were $336 million, compared to $422 million a year ago.
LE FAQs
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LE Earning Call Sentiment
Lands' End, Inc. (LE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LE.O
-2.16%Positive
The earnings call showed mixed results: a 20% inventory improvement and increased gross margins are positive, but net revenue decreased by 2% YoY. The Q&A highlighted effective customer acquisition strategies, but concerns about dependency on third-party marketplaces and increased SG&A expenses persist. The raised full-year revenue guidance is optimistic, but the refusal to buy into the promotional landscape and unclear management responses about tariffs are concerning. With no significant new partnerships or guidance changes, the stock is likely to remain stable, resulting in a neutral sentiment.
