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Lands' End Fiscal Fourth-Quarter Profit Beats Estimates

M. Corey Goldman

on Thursday reported a fiscal fourth-quarter profit that beat analysts' forecasts and lifted its guidance for its upcoming full fiscal year. The Dodgeville, Wisconsin-based company said it earned $16.2 million, or 50 cents a share, in the quarter ended Feb. 1, compared with $39.8 million, or $1.24 a share, in the comparable year-earlier period. Same-store sales, a key metric for retail businesses, declined 3%, though company-operated Lands' End stores showed a gain of 3.9%.