Lands' End Posts Strong Gains for Q1
The quarter, which ended April 27, saw net income increase to $5.9 million compared with last year's $292,000.
The addition of its children's catalog and the shifted timing of its clearance catalog accounted for two-thirds of the first-quarter sales increase. The company also is crediting its success to growth in the core business segment, led by its women's and co-ed divisions, and to mailing its core May catalog a week earlier than last year.
Gross profit for the quarter was $132 million, or 42.2 percent of total revenue, compared with $120 million, or 41.9 percent, in the prior year.