Lands' End jumps on improved FY profit forecast

Lands End

01/06/2023 16:58

** Shares of casualwear chain Lands' End Inc  LE.O  soar
~37% to $8.58
    ** For fiscal 2023, LE expects between loss of 13 cents/shr
and profit of 8 cents/shr compared with its prior outlook of
18-cent/shr loss to a 3-cent/shr profit (nGNX6McBCq)
    ** Co's Q1 loss narrows to 5 cents/shr from 7 cents/shr last
year
    ** Reports 1.9% increase in Q1 net rev to $309.6 mln
    ** Q1 net revenue driven by inventory sales to Delta Air
Lines 
    ** Including session gains, LE shares up 10.5% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))