- Shares of Lands' End (NASDAQ:LE) tumble after the company updates on Q4 results and sets guidance below expectations.
- The company estimates Q4 EPS of $1.06 to $1.16 vs. $1.38 consensus.
- A 7% to 9% drop in same-store sales for the Retail segment came on top of a decrease in Lands' End Shops at Sears outlets.
- The company says another factor during the quarter was the decrease in Shop Your Way redemption credits resulting from its commercial agreements entered into with Sears Holdings following the separation.
- Previously: Q4 update posted by Lands' End (Jan. 22 2015)
- LE -13.2% premarket to $44.00.