Margins and comps improve at Lands' End

|About: Lands' End, Inc. (LE)|By:, SA News Editor

Lands' End (LE) reports same-store sales increased 3.4% in FQ1.

Revenue in the company's Direct segment improved 4.8% to $276M, while the Retail segment saw a 2.3% increase in sales to $54.4M.

Gross margin rate +60 bps to 49.0%.