Lands End expects Q3 net revenue between $300 mln and $330 mln
Company sees Q3 adjusted diluted EPS between $0.07 and $0.20
Lands End forecasts full-year net revenue of $1.30 bln to $1.35 bln
Result drivers
Warehouse system disruption - U.S. eCommerce revenue growth was mainly driven by carryover shipments following temporary disruption from the rollout of a new warehouse management system
Tariff refunds - Gross margin improvement was mainly due to IEEPA tariff refunds, partly offset by new royalty structure and temporary warehouse management system costs
Enterprise accounts - Outfitters segment revenue growth was driven by enterprise accounts, which offset warehouse management system challenges in school uniform business
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Lands' End, Inc. is $20.00, about 77.5% above its September 2 closing price of $11.27
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 11 three months ago
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