Information
NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors its investigation on behalf of Lakeland Industries, Inc. ("Lakeland" or the "Company") (NASDAQ:LAKE) investors
Original sourceAI Summary
Lakeland Industries is under investigation for potential securities law violations. Q3 earnings showed a 95% decline in adjusted EBITDA compared to last year. Company reported a net loss of $16 million for the recent quarter. Recent earnings call revealed delays in certification impacting performance. Share price dropped nearly 39% following the negative earnings announcement.
Sentiment Rationale
The significant decline in earnings and ongoing investigation creates strong downward pressure on LAKE.
Trading Thesis
Immediate reaction to earnings report and investigation may continue to affect investor sentiment.
Market-Moving
- Lakeland Industries is under investigation for potential securities law violations.
- Q3 earnings showed a 95% decline in adjusted EBITDA compared to last year.
- Company reported a net loss of $16 million for the recent quarter.
Key Facts
- Lakeland Industries is under investigation for potential securities law violations.
- Q3 earnings showed a 95% decline in adjusted EBITDA compared to last year.
- Company reported a net loss of $16 million for the recent quarter.
- Recent earnings call revealed delays in certification impacting performance.
- Share price dropped nearly 39% following the negative earnings announcement.
Companies Mentioned
- AMZN (AMZN)
- AAPL (AAPL)
- MSFT (MSFT)
Corporate Developments
The negative earnings combined with legal investigations significantly increase risk perception for investors.
NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors its investigation on behalf of Lakeland Industries, Inc. ("Lakeland" or the "Company") (NASDAQ:LAKE) investors concerning the Company's and/or members of its senior management's possible violation of the federal securities laws or other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On December 9, 2025, the Company reported third quarter earnings, including "net sales of $47.6 million for Q3 2026, with adjusted EBITDA, excluding FX, at $200,000—a decrease of $4.5 million or 95% compared with the prior year period." Further, "net loss was $16 million or ($1.64) per basic and diluted share versus net income of $100,000 or $0.01 per share in the prior-year quarter." During Lakeland's third-quarter earnings call, the Company's CEO, James Jenkins, attributed results in part to "delays in certification." Jenkins further revealed "we knew that, that certification was coming in March of ‘26." On this news, the price of Lakeland shares declined by $5.85 per share, or approximately 38.97%, from $15.01 per share on December 9, 2025 to close at $9.16 on December 10, 2025.
What Should I Do?
If you purchased or otherwise acquired Lakeland securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.
[LEARN MORE ABOUT SECURITES CLASS ACTIONS]
Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Lauren Molinaro, Esq.
212-699-1171
https://www.kmllp.com
https://securitiesleadplaintiff.com/
investigations@kmllp.com
