Lands' End 1st Quarter Sales Up 7.8%

Share this article:
Lands' End reported this week that net sales for its first quarter ended April 30, totaled $290 million, up 7.8 percent from sales of $269 million in the same quarter last year. The company's net income for the quarter was $6.5 million, and diluted earnings per share were 21 cents, compared with $5.2 million, or 17 cents a share, in the prior year. Lands' End said sales from its core business was up slightly as a result of increased activity from the Internet. Overall sales growth primarily came from increased liquidations, about half of which was from the liquidation of its Willis & Gieger business. Gross profit in the quarter was $125.4 million, or 43.3 percent of net sales in the first quarter of the prior year.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.

93% of Companies Are Ineffective at Cross-Channel Marketing

93% of Companies Are Ineffective at Cross-Channel Marketing ...

Companies point to a lack of resources as the most common reason for lackluster marketing integration, a study says.