Protective apparel maker Lakeland's Q3 net sales rise 4% but miss estimates

Lakeland Industries

09/12/2025 21:12

Overview

Protective clothing maker's fiscal Q3 net sales rose 4%, missing analyst expectations

Company reported fiscal Q3 net loss of $16 mln

Company expanded U.S. PPE footprint with strategic acquisitions

Outlook

Lakeland Industries withdraws FY2026 financial guidance due to forecasting challenges

Company anticipates $178 mln in global tender opportunities for FY27

Lakeland focuses on operational efficiencies to improve margins and free cash flow

Result Drivers

FIRE SERVICES GROWTH - 31% increase in Fire Services sales drove revenue growth, contributing $25.3 mln

MACROECONOMIC CHALLENGES - Tariffs, inflation, and certification delays affected margins and profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$47.60 mln
$56.65 mln (4 Analysts)
Q3 EPS
-$1.64
Q3 Net Income
-$16 mln
Q3 Gross Profit
$14.10 mln
Q3 Operating Expenses
$20.10 mln
Q3 Operating Income
-$1.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories peer group is "buy"

Wall Street's median 12-month price target for Lakeland Industries Inc is $25.00, about 66.6% above its December 8 closing price of $15.01

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNXbC28Vc

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)