Stock Monitor: LightInTheBox Post Earnings Reporting
LONDON, UK / ACCESSWIRE / January 08, 2018 / Active-Investors.com has just released a free earnings report on Lands' End, Inc. (NASDAQ: LE). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LE. The Company posted its financial results on December 05, 2017, for the third quarter of the fiscal year 2017. The retailer's revenue and EPS surpassed analysts' expectations.Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for LightInTheBox Holding Co., Ltd. (NYSE: LITB), which also belongs to the Services sector as the Company Lands' End. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Lands' End most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended October 27, 2017, Land's End's net revenues increased 4.5% to $325.49 million from $311.48 million in Q3 FY16. For the reported quarter, the Company's same store sales growth was negative 1.3%. The Company's revenue numbers surpassed analysts' expectations of $320.17 million.
For the reported quarter, the Company's gross profit increased 6% to $141.97 million from $133.65 million in Q3 FY16. During Q3 FY17, Land's End's gross margin increased 70 basis points to 43.6% of revenue from 42.9% of revenue in Q3 FY16.
For the reported quarter, the Company's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 896.1% to $12.85 million from $1.29 million in Q3 FY16. For the reported quarter, the Company's adjusted EBITDA margin increased 350 basis points to 3.9% of revenue from 0.4% of revenue in Q3 FY16.
For the reported quarter, the Company's operating income was $5.94 million compared to an operating loss of $3.42 million in Q3 FY16.
During Q3 FY17, Land's End's earnings before tax (EBT) was positive $167,000 compared to negative $9.14 million in the same period of last year.
For the reported quarter, Land's End's net income was $162,000 compared to a net loss of $7.22 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) was positive $0.01 versus negative $0.23 in the comparable period of last year, surpassing analysts' expectations of negative $0.04.
Direct - During Q3 FY17, the Company's Direct segment's revenue increased 6.7% to $290.33 million from $272.08 million in the corresponding period of last year. For the reported quarter, the segment's gross margin increased 190 basis points to 44.8% of revenue on a y-o-y basis, due to actions taken relating to offers in pricing and a write-down of underperforming inventory. For the reported quarter, the segment's adjusted EBITDA increased 109.4% to $29.10 million from $13.90 million in Q3 FY16.
Retail - During Q3 FY17, the Company's Retail segment's revenue decreased 10.8% to $35.10 million from $39.34 million in the same period of last year. For the reported quarter, the segment's gross margin was 34.1% of revenue, mainly due to a shrink and shift of liquidation events. For the reported quarter, the segment's adjusted EBITDA was negative $6.00 million compared to negative $3.58 million in Q3 FY16.
As on October 27, 2017, Land's End's cash and cash equivalents decreased 56.4% to $92.91 million from $213.11 million as on January 27, 2017. For the reported quarter, the Company's net long-term debt decreased 0.6% to $487.20 million from $490.04 million in Q4 FY16.
For the reported quarter, the Company's net accounts receivable decreased 0.6% to $39.04 million from $39.28 million in Q4 FY16. For the reported quarter, the Company's accounts payable decreased 1.3% to $160.34 million from $162.41 million in Q4 FY16.
In the first nine months of 2017, the Company's net cash provided by operating activities was negative $87.81 million versus negative $66.86 million in the comparable period of last year.
Stock Performance Snapshot
January 05, 2018 - At Friday's closing bell, Lands' End's stock dropped 1.34%, ending the trading session at $18.40.
Volume traded for the day: 130.09 thousand shares.
Stock performance in the last month – up 39.39%; previous three-month period – up 41.54%; past six-month period – up 27.78%; and last twelve-month period – up 8.24%
After last Friday's close, Lands' End's market cap was at $590.64 million.
The stock is part of the Services sector, categorized under the Catalog & Mail Order Houses industry. This sector was up 0.9% at the end of the session.
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