Lands' End (LE) Misses Q4 EPS by 2c; Retail Revenue Slipped 11.5%

Lands' End (NASDAQ: LE) reported Q4 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $473.5 million versus the consensus estimate of $469.79 million.

Retail segment net revenue decreased 11.5% to $64.4 million driven by an 8.7% decrease in same store sales and a reduction in the number of Lands' End Shops at Sears.

Cash and cash equivalents were $228.4 million on January 29, 2016, compared to $221.5 million on January 30, 2015. Net cash provided by operations was $35.9 million for the 52 weeks ended January 29, 2016, compared to net cash provided by operations of $211.1 million for the same period last year.

Inventory increased 9.2% to $329.2 million on January 29, 2016, from $301.4 million on January 30, 2015.

For earnings history and earnings-related data on Lands' End (LE) click here.

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