Lands' End slides on weak Q1 results

Lands End

02/06/2022 12:36

** Shares of casual clothing retailer Lands’ End Inc  LE.O 
down as much as 8.44% at $10.2 premarket 
    ** Co posts Q1 loss compared with a year-ago profit and a
5.5% drop in quarterly revenue, hurt by lower ecommerce sales
 urn:newsml:reuters.com:*:nGNE7nJ176
    ** Says it expects ongoing pressures including supply chain
delays and consumer inflation to impact business for the
remainder of the year
    ** Says it expects to take ~$13 mln of incremental
transportation expenses in Q2 due to global supply chain
challenges 
    ** Stock down ~43% this year, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))