Land's End Reports Revenue Increase

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Lands' End, Inc., Dodgeville, WI, yesterday reported third-quarter total revenue of $376.1 million, up 4 percent from the $362.3 million posted during the same quarter last year.


Net income during the quarter totaled $12.1 million compared to $4.4 million during the year-ago period. Diluted earnings per share amounted to 41 cents compared to 15 cents during the previous year, creating a new third-quarter company record.


Gross profit during the quarter reached $164.9 million, or 43.8 percent of total revenue, as opposed to $145.2 million, or 40.1 percent of total revenue during the same quarter last year.


The company attributed the improvement in gross profit margin to a $15.4 million reduction in liquidation sales and continued improvements in vendor sourcing.


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