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@ Layer3.news
2025-06-07 03:28:44
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LANDS’ END REPORTS Q1 DECLINES BUT BEATS EXPECTATIONS PUSHING STOCK PRICE UP
https://media.zenfs.com/en/wwd_409/be88d96925e396f3d39b642a96027a9b
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✍️ Lands' End, a classic American brand, reported a net loss of $8.3 million in the first quarter, but investors were pleased with the outcome and pushed the stock price up 13%.
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👉 Lands' End reported a net loss of $8.3 million in the first quarter
👉 Net revenue decreased by 8.5% to $261.2 million
👉 Adjusted net loss was $5.4 million, down from $6.2 million
👉 CEO Andrew McLean attributed the results to the company's customer-centric strategy and progress in strengthening its supply chain
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#AndrewMcLean #BernieMcCracken #EddieLampert #business
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