Lands' End Expects FY24 Revenue Of $1.33B-$1.45B Vs. $1.46B Estimate, Projects Adjusted Earnings Per Share Of $0.10-$0.38 Vs. $(1.9) Estimate
Portfolio Pulse from Benzinga Newsdesk
Lands' End has provided its financial outlook for FY24, expecting revenue to range between $1.33B and $1.45B, which is slightly below the $1.46B estimate. The company also projects its adjusted earnings per share (EPS) to be between $0.10 and $0.38, significantly surpassing the estimated $(1.9).
March 27, 2024 | 10:56 am
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Lands' End expects FY24 revenue to be slightly below estimates but projects a significant improvement in adjusted EPS.
The projection of revenue slightly below the estimate might initially concern investors, but the significant positive adjustment in EPS expectations compared to the previous estimate of $(1.9) is likely to be viewed positively. This suggests operational improvements or cost efficiencies that could enhance profitability. The mixed outlook, with a positive tilt towards earnings improvement, suggests a potential for stock appreciation in the short term as investors digest the implications of higher profitability.
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IMPORTANCE 90
RELEVANCE 100