Why Are Lands' End Shares Jumping Today
Portfolio Pulse from Nabaparna Bhattacharya
Lands' End reported Q1 sales increase of 1.9% YoY to $309.56 million and a narrowed EPS loss of $(0.05). U.S. eCommerce revenue increased by 1.6%, while international eCommerce revenue decreased by 42.5%. Outfitters net revenue increased by 37.1% YoY, driven by inventory sales to Delta Air Lines.
June 01, 2023 | 4:08 pm
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POSITIVE IMPACT
Lands' End reported improved Q1 results with increased sales and narrowed EPS loss, driving the stock price up by 35.25%.
Lands' End reported a 1.9% YoY increase in sales and a narrowed EPS loss of $(0.05), which positively impacted the stock price. The increase in U.S. eCommerce revenue and Outfitters net revenue, driven by inventory sales to Delta Air Lines, contributed to the improved financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Delta Air Lines' inventory sales contributed to Lands' End's 37.1% YoY increase in Outfitters net revenue.
Delta Air Lines' inventory sales contributed to Lands' End's increased Outfitters net revenue, but the impact on Delta Air Lines' stock price is likely to be limited as it is a relatively small part of their overall business.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50