Lands’ End Profit Up but Misses Estimate
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Lands’ End Inc.’s fiscal fourth-quarter profit missed some estimates and the Internet and catalog retailer left this year’s forecast unchanged.
Net income in the quarter ended Feb. 1 rose 44% to $45.9 million, or $1.51 a share, from $31.8 million, or $1.07, a year earlier, Lands’ End said. Analysts’ average estimate was $1.52, according to Thomson Financial/First Call.
Sales rose 11% to $596 million in the quarter, which had an extra week than the year-earlier period, the Dodgeville, Wis., company said.
Lands’ End shares fell $7.70, or 14%, to $46.99 on the NYSE.
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