Lands' End misses by $0.12, beats on revs; Q4 comps +5%
- Reports Q4 (Jan) earnings of $0.38 per share, excluding non-recurring items, $0.12 worse than the two analyst estimate of $0.50; revenues rose 11.3% year/year to $510.6 mln vs the $470.63 mln two analyst estimate.
- Same store sales on a comparable 13-week basis increased 5.0%.
- Gross margin was 38.9% as compared to 38.6% in the fourth quarter last year.
- The Company recorded a tax benefit during the quarter of $21.9 million primarily due to the U.S. Tax Cuts and Jobs Act.
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