Lands' End Lifts Annual Profit Guidance Despite Revenue Setbacks: Details
Lands' End Lifts Annual Profit Guidance Despite Revenue Setbacks: Details
Outfitters net revenue was $63.2 million, a decrease of 7.1% Y/Y. Third-party net revenue was $30.1 million, an increase of 23.4% Y/Y in the quarter.Lands' End, Inc. (NASDAQ:LE) shares are trading higher after the company reported second-quarter earnings results.
Lands' End, Inc.（纳斯达克股票代码：LE）股价上涨，因该公司公布了第二季度盈利结果。
Net revenue was $317.2 million, beating the analyst consensus of $307.41 million. Adjusted loss per share of $0.02 exceeded the street view of $0.11 loss.
净营业收入为31720万美元，超过了分析师的共识（30741万美元）。调整后每股亏损为0.02美元，超过了街道预期的亏损0.11美元。
Global eCommerce Net revenue was $211.3 million, a decrease from $218.7 million a year ago quarter.
全球电子商务净营业收入为21130万美元，较去年同期的21870万美元下降。
Outfitters net revenue was $63.2 million, a decrease of 7.1% Y/Y. Third-party net revenue was $30.1 million, an increase of 23.4% Y/Y in the quarter.
Outfitters净营业收入为6320万美元，同比下降7.1%。第三方净营业收入为3010万美元，同比增长23.4%。
Gross profit increased 8.8% to $151.9 million, with gross margin rising by around 470 basis points Y/Y to 47.9%. The gross margin improved mainly due to strength in product solutions and new offerings across channels, reduced promotional activity, lower clearance inventory, and improved supply chain costs.
毛利润增长8.8%，达到15190万美元，毛利率同比提高了约470个基点，达到47.9%。毛利润的提高主要是由于产品解决方案和渠道创新、促销活动减少、清理存货减少和供应链成本改善。
In the second quarter of fiscal 2024, the company bought back $3.7 million worth of its common stock under the share repurchase program announced on March 15, 2024.
在2024财年第二季度，该公司根据于2024年3月15日公布的回购计划，回购了价值370万美元的普通股。
As of August 2, the program allows for up to $20.3 million in additional stock repurchases through March 31, 2026. As of August 2, 2024, cash and cash equivalents totaled $27.9 million.
截至2024年8月2日，该计划允许通过2026年3月31日进行多达2030万美元的额外股票回购。截至2024年8月2日，现金及现金等价物总计2790万美元。
Outlook: Lands' End expects third-quarter revenue of $300 million – $340 million versus the $312.85 million estimate and adjusted EPS of $0.00 – $0.10 (vs. estimate of $0.04).
展望：Lands' End预计第三季度营收为30000万美元至34000万美元，预计调整后每股收益为0.00美元至0.10美元（市场预期为0.04美元）。
Lands' End cuts FY24 revenue outlook to $1.35 billion – $1.43 billion (vs. estimate of $1.399 billion) from $1.36 billion – $1.45 billion.
Lands' End将FY24年营业收入展望下调至13.5亿 - 14.3亿美元（预估为13.99亿美元），从13.6亿 - 14.5亿美元。
The company raised its adjusted EPS forecast to $0.29 – $0.48 (vs. estimate $0.33) from $0.18 – $0.41.
该公司将其调整后的每股收益预测上调至0.29 - 0.48美元（对比预估0.33美元），从0.18 - 0.41美元。
Bernie McCracken, Chief Financial Officer, said, "We are pleased with our performance during the quarter, which resulted in Net revenue and Adjusted EBITDA at the high end of our guidance range and strong growth in Gross Merchandise Value."
贝尼·麦克拉肯，致富金融（临时代码）官称：“我们对本季度的表现感到满意，导致净收入和调整后税息折旧摊销前利润位于我们指导区间的高端，商品总价值增长强劲。”
"Additionally, our deliberate efforts to prioritize profitability and balance sheet efficiency is evidenced by a 9% increase in gross profit, driven by our sixth consecutive quarter of gross margin expansion."
此外，我们有意为之的努力优化盈利能力和资产负债表效率，体现在毛利润增长9%，受益于我们连续第六个季度的毛利率扩张。
Price Action: LE shares are up 1.46% at $15.33 at the last check Thursday.
股价走势：LE股票在上周四最后一次查询时上涨1.46%，报15.33美元。
Photo via Wikimedia Commons
照片通过Wikimedia Commons
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