Lands' End Revised FY23 Revenue Outlook To $1.45B - $1.48B (From $1.50B - $1.55B) Vs. $1.53B Est; Adj. EPS $(0.16) - $(0.07) Vs. $(0.21) Est.
Portfolio Pulse from Benzinga Newsdesk
Lands' End has lowered its revenue outlook for FY23 to $1.45B - $1.48B from the previous range of $1.50B - $1.55B, which is below the estimated $1.53B. The company also provided an adjusted EPS forecast of $(0.16) - $(0.07), which is better than the estimated $(0.21).
December 05, 2023 | 11:54 am
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NEGATIVE IMPACT
Lands' End has revised its FY23 revenue outlook downward, which may negatively impact investor sentiment and the stock price in the short term. However, the adjusted EPS forecast is more favorable than expected, which could mitigate some of the negative impact.
The reduction in revenue outlook suggests that Lands' End may be experiencing challenges in sales or market conditions, which is typically seen as a negative signal by investors and can lead to a decrease in stock price. However, the better-than-expected adjusted EPS forecast indicates some operational efficiency or cost control, which could provide some positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100