- Wednesday, October 16, 2024
Lands' End, the renowned retailer, has recently revised its expectations for the full fiscal year. The company now anticipates a financial performance ranging from a loss of $4.5 million (or 14 cents per share) to a profit of $1 million (or 3 cents per share). In terms of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), Lands' End projects figures between $77 million and $84 million. Additionally, the company expects revenue to fall within the range of $1.5 billion and $1.55 billion.
To provide context, these revised estimates differ from the previous guidance given in early June. At that time, the company had projected revenues between $1.56 billion and $1.62 billion and a loss of $4.5 million (or 13 cents per share) to income of $2.5 million (or 8 cents per share). The adjusted EBITDA range had been set at $75 million to $84 million.
For the upcoming fiscal third quarter, Lands' End predicts a loss ranging from $6.5 million to $4 million (or 20 cents to 13 cents per share) on revenue estimated at $340 million to $355 million.
Overall, these updated projections reflect Lands' End's dedication to transparency and providing accurate financial information to its stakeholders.
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