Land's End Stock Sinks On Q2 Revenue, EPS Miss, Raised Guidance Fails To Win Over Investors
1. Land's End reported second-quarter net revenue of $294.1 million, down 7.3%. 2. U.S. Digital revenue declined 5.6%, reflecting weak swim product sales. 3. Third-party revenue increased by 14.3%, boosted by strong Amazon and Macy's sales. 4. The company is exploring a sale or merger to enhance shareholder value. 5. LE's stock dropped 4.86% to $13.50 after hours, signaling bearish sentiment.