Earnings to Watch: Lands’ End, Inc. (NASDAQ:LE)

Lands’ End, Inc. (NASDAQ:LE) reported change of -8.98% to $20.02 with the recent traded volume of 679656 shares in most recent trading session compared to an average volume of 312.62K. The stock was down over last five days period with -21.62%. The one month performance of stock was -19.90%. LE shares are at -9.18% for the quarter and driving a 68.28% return over the course of the past year and is now at 2.43% since this point in 2018.

Lands’ End, Inc. (NASDAQ:LE) recently declared financial results for the second quarter ended August 3, 2018.

Second Quarter Fiscal 2018 Highlights:

Net revenue for the second quarter increased 1.9% to $307.9 million from $302.2 million in the second quarter last year. Direct segment net revenue increased 6.4% to $276.6 million, as compared to the same period last year. Retail segment net revenue decreased 25.8% to $31.3 million, primarily attributable to the reduction of 57 of our Lands’ End Shops at Sears locations combined with a same store sales decline of 5.8%. Same store sales in Lands’ End Shops at Sears locations declined 6.7% for the quarter while same store sales in our Company operated stores declined 0.6%.

Gross margin of 44.4% was up slightly compared to the second quarter last year.

Net loss was $5.3 million, or $0.16 loss per diluted share, as compared to Net loss of $3.9 million, or $0.12 loss per diluted share, in the second quarter of fiscal 2017.

Adjusted EBITDA(1) grew 13.1% to $7.7 million compared to $6.8 million in the second quarter of fiscal 2017.

Jerome S. Griffith, Chief Executive Officer and President, stated, “Our second quarter results reflect our fifth consecutive quarter of revenue growth and our fourth straight quarter of adjusted EBITDA growth. Overall, we continue to see evidence that our strategic initiatives are taking hold with product and marketing efforts both resonating with our customer. Looking ahead, we will remain intently focused on our four key focus areas of product, digitization, uni-channel distribution and infrastructure.”

Balance Sheet and Cash Flow Highlights

Cash and cash equivalents were $194.4 million on August 3, 2018, compared to $177.0 million on July 28, 2017. Net cash provided by operations was $24.8 million for the 26 weeks ended August 3, 2018, compared to net cash used in operations of $13.2 million for the same period last year.

Inventory was $349.6 million as of August 3, 2018, and $370.5 million as of July 28, 2017.

The Company had $160.1 million of availability under its asset-based senior secured credit facility and had $484.4 million of Long-term debt, net as of August 3, 2018.

The Company has earnings of $ 2.30M and made $6.60 sales for the last 12 months. Its quarter to quarter sales remained 1.90% and sales observed at -2.40% over past 5 years. The stock beta value is -0.24. LE is -4.33% upward its 200-day moving average. On a similar note, the stock is -21.72% above its 50-day moving average. The average volatility for the week and month was at 8.94% 6.14% respectively. The company holds 35.39M shares outstanding and 16.17M shares are floated in market.

Category – Hot Stocks

Mark Wilbanks studied a business degree majoring in finance and security analysis. He has a deep understanding of both technical and fundamental forms of analysis, he deeply believes that it makes a lot more sense for average investors to understand fundamental analysis, which he believes anyone can learn. Mark has over 10 years of experience as a professional journalist, writer and an editor. He holds a bachelor’s degree in International Business from University of Melbourne. He writes articles about hot stocks, dividend growth investing, options trading, investment decisions, stock selection, portfolio management, and passive income generation. Mark primarily reports on Hot Stocks category.

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