{"id":30917,"date":"2014-09-11T08:17:19","date_gmt":"2014-09-11T12:17:19","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=30917"},"modified":"2014-09-11T08:17:19","modified_gmt":"2014-09-11T12:17:19","slug":"lands-end-inc-nasdaqles-gross-profit-increases-by-12-5-yoy","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/lands-end-inc-nasdaqles-gross-profit-increases-by-12-5-yoy-30917","title":{"rendered":"Lands&#8217; End, Inc. (NASDAQ:LE)\u2019s Gross Profit Increases By 12.5% YOY"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/11\/2014 (wallstreetpr) \u2013 <strong>Lands&#8217; End, Inc. (NASDAQ:LE<\/strong>) <a href=\"http:\/\/finance.yahoo.com\/news\/lands-end-announces-second-quarter-110000671.html\" target=\"_blank\">reported<\/a> gross profit of $168.4 million in its second quarter results. It is a growth of 12.5% year-over-year. The gross margin jumped by 310 basis points to come at 48.5% in the second quarter. The growth of 49.2% in the Direct Segment boosted gross margins in the second quarter. The retails sector gross margin expanded by 200 basis points to come at 44.7%. The improvement of gross margins in both the segments was a result of a targeted promotional strategy adopted by Lands&#8217; End. The redesigned structure of merchandise assortment architecture further added in margin expansions.<\/p>\n<p style=\"text-align: justify;\"><strong>The financial highlights<\/strong><\/p>\n<p style=\"text-align: justify;\">Lands&#8217; End, Inc. (NASDAQ:LE)\u00a0reported a net increase of 5.4% in Merchandise sales and services. It came at $347.2 million as compared to $329.6 million in the 2Q2013. In the direct segment, merchandise sales and services came at $292.6 million, up 7.1% from 2Q2103. The higher demand in the current season merchandise resulted in higher sales in the direct segment. However, it showed a decline of 2.9% in the retail segment. Lands&#8217; End Shops outlets at Sears declined in the second quarter. The operating stores at Sears were 247 in the second quarter.<\/p>\n<p style=\"text-align: justify;\"><strong>The expenses, income and cash<\/strong><\/p>\n<p style=\"text-align: justify;\">S&amp;GA expenses rose 9.8% to $138.3 million as compared to 2Q2013. The incentive compensation expenses amounted to $3.8 million whereas stand-alone public firm related expenses amounted to $2.9 million. The depreciation and amortization expense declined 9.7% to $4.8 million comparable to $5.3 million in 2Q2013. The operating income rose 37.6% to $25.3 million comparable to $18.4 million in 2Q2013. The net income came at $11.8 million comparable to $11.3 million in 2Q2013. Adjusted EBITDA came at $30.1 million as compared to $23.8 million in 2Q2013.\u00a0Lands&#8217; End, Inc. (NASDAQ:LE) had cash of $132.8 million in the second quarter as compared to $28.3 million. The better inventory management, increased operating income, and net effect of changes in settlement ways resulted in higher cash in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/11\/2014 (wallstreetpr) \u2013 Lands&#8217; End, Inc. (NASDAQ:LE) reported gross profit of $168.4 million in its second quarter results. It is a growth of [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":30923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[8982,8983],"stock_ticker":[],"class_list":["post-30917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-lands-end-inc-nasdaqle","tag-nasdaqle","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lands&#039; End, Inc. (NASDAQ:LE)\u2019s Gross Profit Increases By 12.5% YOY - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/lands-end-inc-nasdaqles-gross-profit-increases-by-12-5-yoy-30917\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lands&#039; End, Inc. (NASDAQ:LE)\u2019s Gross Profit Increases By 12.5% YOY - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 09\/11\/2014 (wallstreetpr) \u2013 Lands&#8217; End, Inc. (NASDAQ:LE) reported gross profit of $168.4 million in its second quarter results. It is a growth of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/lands-end-inc-nasdaqles-gross-profit-increases-by-12-5-yoy-30917\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-11T12:17:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/09\/index16.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Folin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Folin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/lands-end-inc-nasdaqles-gross-profit-increases-by-12-5-yoy-30917#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/lands-end-inc-nasdaqles-gross-profit-increases-by-12-5-yoy-30917\"},\"author\":{\"name\":\"Greg Folin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/09a8586a8976289812879bbc81ac988e\"},\"headline\":\"Lands&#8217; End, Inc. 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