NEW YORK, March  16, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds Lakeland Industries, Inc. (&#34;Lakeland&#34; or the &#34;Company&#34;) (NASDAQ:LAKE) investors of the April 24, 2026 deadline to seek the role of lead plaintiff

LAKE

REMINDER: Lakeland Industries, Inc. Investors With Significant Losses Must Act By April 24, 2026 - contact Kirby McInerney

Lakeland Industries Faces Class Action Lawsuit Amid Operational Challenges

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, March  16, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds Lakeland Industries, Inc. (&amp;#34;Lakeland&amp;#34; or the &amp;#34;Company&amp;#34;) (NASDAQ:LAKE) investors of the April 24, 2026 deadline to seek the role of lead plaintiff</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Lakeland Industries is under a securities class action lawsuit alleging overstatements in business performance and significant operational issues, including delays and production challenges. Coupled with substantial revenue misses and the withdrawal of FY 2026 guidance, the company&#039;s future financial stability now presents increased risks for investors.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>LAKE faces a securities class action lawsuit with a lead plaintiff deadline.</li><li>The lawsuit claims Lakeland overstated business performance and faced operational issues.</li><li>Significant revenue misses in recent financial results triggered stock price declines.</li><li>The company withdrew financial guidance for FY 2026 amidst ongoing challenges.</li><li>Potential investors should be cautious due to legal uncertainties and financial underperformance.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Kirby McInerney LLP</strong>: The firm is representing investors in the class action against LAKE.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>This news falls under &#039;Legal&#039; due to ongoing litigation against Lakeland Industries, suggesting potential financial implications for the company and investor sentiment.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The April 24 lead plaintiff deadline could influence litigation outcomes.</li><li>Further declines in LAKE&#039;s stock price could result from negative litigation announcements.</li><li>Consistent revenue misses indicate persistent operational weaknesses in their business segments.</li><li>Withdrawal of FY 2026 guidance adds to uncertainty, potentially pressuring stock value further.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class period for lawsuit: December 1, 2023 - December 9, 2025.</li><li>LAKE reported Q3 2026 revenue of $47.6 million, missing estimates by $9.05 million.</li><li>LAKE&#039;s share price fell approximately 39% following December 9, 2025 results.</li><li>Fiscal year 2026 guidance withdrawn due to uncertainty in financial forecasting.</li><li>Recent earnings reports have consistently missed consensus estimates by a significant margin.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Given ongoing uncertainties, consider shorting LAKE or avoiding positions in the near term.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, March  16, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=qsvFUHJW3YYpbwzPvCQM3YIditcdTumzMZvGcUFsj1WYIdQreOmW3ZbeDiTjukUTMrNSCmPrpKai-WUx290L47m1RRYY9DEHzkR3-6g2OOY=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> reminds Lakeland Industries, Inc. ("Lakeland" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LAKE">LAKE</a>) investors of the April 24, 2026 deadline to seek the role of lead plaintiff in a pending federal securities class action. Courts do not consider applications filed after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.</p>  <p align="justify">If you purchased or otherwise acquired Lakeland securities, have information, or would like to learn more, please contact <a href="https://www.globenewswire.com/Tracker?data=Bf9DzR1uzVWoh-QmRwuhvLHN8AEW2gDqys3uXg5lIA-ZAsV-VVM91UxJdSsPzxiU-cvm3RqxMSv9a8SlnDkJkpOhG2m-AQqO69C7QV6VBLMU6UUVWpgNzjSaYu-9v6yl" rel="nofollow" target="_blank">Lauren Molinaro</a> of Kirby McInerney LLP by email at <a href="https://www.globenewswire.com/Tracker?data=EfNTYfw94ecQDXd8N1CxN2lddXBL_2Im7_56jHsPfYOrMQAJOamGSpFNQu_EqT-JENP0UozeWQHE5nf9HaRqHEQVxTzehi8lpV_ikqDHTofB06bF00o3WbEWZ9_qWuPb" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the form below, to discuss your rights or interests.</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=ARKpfJZaLQAQOe4YsXuwo7hJFBbGvVfhQZzLrKkhUzgLp1ZZ_iu5oU7F3chv4CioG3nWIf-h80v7p_77-od5HX_5Kk5M106XvuciF_pV1V2sz0z8mkqg67mPJsA_7fPJNWJJ05xQcCi4mdOcRA9EJsVaxCJudTeDICH_Lk3LSddh3Q4-_1f6sMHLirtLCm0F" rel="nofollow" target="_blank">CONTACT THE FIRM IF YOU SUFFERED A LOSS</a>]</p>  <p align="justify"><strong>What Is The Lawsuit About?</strong></p>  <p align="justify">The lawsuit has been filed on behalf of investors who purchased securities during the period of December 1, 2023 through December 9, 2025, inclusive ("the Class Period"). The lawsuit alleges that (i) Lakeland was experiencing significant, sustained issues with its Pacific Helmets and Jolly businesses, including, <em>inter alia</em>, shipping-related delays, production issues, and slower than expected rollout of new products; (ii) accordingly, the Company overstated the anticipated and actual positive impact of these businesses on Lakeland's financial results, as well as the overall strength and quality of Pacific Helmets' and Jolly's respective operations; (iii) Lakeland's business and financial results were significantly deteriorating because of, <em>inter alia</em>, tariff-related headwinds and timing, certification delays, and material flow issues in its acquired businesses; and (iv) accordingly, Defendants overstated the strength of their tariff mitigation measures and SSQ M&amp;A strategy.</p>  <p align="justify">On September 4, 2024, Lakeland reported its financial results for the second quarter of FY 2025. Among other results, Lakeland reported revenue of $38.51 million for the quarter, missing consensus estimates by $1.39 million. Defendant James M. Jenkins, the Company's President, Chief Executive Officer, and Executive Chairman, revealed "the shortfall was due to shipment timing," and that, <em>inter alia</em>, Jolly had "substantial fire orders delayed to the late third and early fourth quarter." On this news, the price of Lakeland shares declined by $1.86 per share, or approximately 7.82%, from $23.78 per share on September 4, 2024 to close at $21.92 on September 5, 2026.</p>  <p align="justify">On April 9, 2025, Lakeland reported its financial results for its fourth quarter and FY of 2025. Among other results, Lakeland reported Q4 GAAP earnings per share of -$2.42, missing consensus estimates by $2.80, and FY 2025 adjusted EBITDA, excluding FX losses, of only $17.4 million—significantly below reiterated guidance of EBITDA of at least $18 million. Defendant Jenkins blamed these disappointing results on, <em>inter alia</em>, "a large Jolly fire boots order that was initially expected to ship in Q2 of FY25 [that] has now slipped into FY26," "weakness . . . at Pacific Helmets resulting from production issues and product offering updates[,]" and "slower than expected" "rollout of new products from Pacific Helmets and Jolly Boots[.]" On this news, the price of Lakeland shares declined by $2.63 per share, or approximately 14.3%, from $18.35 per share on April 9, 2025 to close at $15.72 on April 10, 2025.</p>  <p align="justify">Then, on June 9, 2025, Lakeland reported financial results for the first quarter of its FY 2026. Lakeland reported Q1 GAAP EPS of -$0.41, missing consensus estimates by $0.60, as well as revenue of $46.74 million, missing consensus estimates by $2.1 million. Defendant Jenkins blamed these disappointing results on, <em>inter alia</em>, its Pacific Helmets business "resulting from production issues and updates to product offerings[,]" as well as "shipment timing" and "tariff-related delays[.]" Defendant Roger D. Shannon, Lakeland's Chief Financial Officer, blamed "elevated freight costs resulting from tariff-related inventory build, and dilution from acquisitions." On this news, the price of Lakeland shares declined by $4.29 per share, or approximately 22.16%, from $19.36 per share on June 9, 2025 to close at $15.07 on June 10, 2025.</p>  <p align="justify">On September 9, 2025, Lakeland reported financial results for Q2 of FY 2026. Among other results, Lakeland reported revenue of $52.5 million, missing consensus estimates by $2.09 million. Defendant Jenkins once again blamed these disappointing results on, <em>inter alia</em>, "Pacific Helmets resulting from updates to product offerings and production issues[,]" as well as "continued delays in purchasing decisions due to tariff uncertainty[.]" On this news, the price of Lakeland shares declined by $0.64 per share, or approximately 4.4%, from $14.44 per share on September 9, 2025 to close at $13.80 on September 10, 2025.</p>  <p align="justify">Then, on December 9, 2025, during post-market hours, Lakeland reported financial results for the third quarter of its FY 2026. Among other results, Lakeland reported Q3 2026 GAAP EPS of -$1.64, missing consensus estimates by $1.93, and revenue of $47.6 million, missing consensus estimates by $9.05 million, blaming, <em>inter alia</em>, "timing, certification delays, and material flow issues" in its acquired businesses, as well as tariff-related headwinds. Lakeland also withdrew its previously issued financial guidance for FY 2026 and would not provide financial guidance going forward because the foregoing "challenges have affected our forecasting ability[.]" The same day, Lakeland disclosed that Defendant Shannon's employment had been terminated. On this news, the price of Lakeland shares declined by $5.85 per share, or approximately 39%, from $15.01 per share on December 9, 2025 to close at $9.16 on December 10, 2025.</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=nspu6lDotCMqaK9gcARw4tc60MDteeAJWvJPirYFWnirsev72U0ScFzHvu9wyhhe1_7PxZiNF2nYbMDrB6om7h3LKAy2mB6q0vT1pLOhnrBpfdQaypvWs-VO-2Rm59Ivo9Kgm9UW53tVF8Iy15B5Ztz5x2lfGdB_NkwqlER8VlVSifFpI2cdBDW120qOYAVq" rel="nofollow" target="_blank">CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION</a>]</p>  <p align="justify"><strong>What Should I Do?</strong></p>  <p align="justify">If you purchased or otherwise acquired Lakeland securities, have information, or would like to learn more about this investigation, please contact <a href="https://www.globenewswire.com/Tracker?data=Bf9DzR1uzVWoh-QmRwuhvCYQKI90mGyCK8-jnBPEWSk-IK69iTPt818ugp5O6IuDCTqAwd2ecnu-yW1_ji7be9YbSd_g3GfdBXksT8e3ejCDUNtjqvoJvYrnTVMwdbP5" rel="nofollow" target="_blank">Lauren Molinaro</a> of<a href="https://www.globenewswire.com/Tracker?data=HiU9WtHGicWP7GyrqA0Nw_WaqTvtYLBC8HCIjUMtK-nH1oH0nSGdqkleHcuEeJrAKNsDg8AqfHqIaBTAriflLPPzqNddJxzT_Qlh9Y131k8=" rel="nofollow" target="_blank"> Kirby McInerney LLP</a> by email at <a href="https://www.globenewswire.com/Tracker?data=EfNTYfw94ecQDXd8N1CxN2lddXBL_2Im7_56jHsPfYPN1KAaokOYqQKBziyLu39nvGv1PxlSvU1c4wHOo4OrJ1B58sLkMPAvkqDFPZjwyztvJIy_1EKFB36iLCZ00DQB" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=BhhG7sQFGLA84E9TpOQdfthYzmyfE0Q6QzuXjzb6fkRlSliUK7Clel0bfFQ5aaTdSl03MfmqlgEQNiFJy_eTTh7o_3OlvSE198Ukw1YneyuwAFtiP4xgrXi6Cm0_Gl3wSItFKL9I5TrxymxRTprrhA==" rel="nofollow" target="_blank">WHAT IS A SECURITIES CLASS ACTION?</a>]</p>  <p align="justify"><a href="https://www.globenewswire.com/Tracker?data=qsvFUHJW3YYpbwzPvCQM3YIditcdTumzMZvGcUFsj1XUNARyQ0VUUj7R8Sh5LjbxMFiDWYeUVg62Stutns8twIBAFdEYVvZawblj0rHExdM=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> 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 <a href="https://www.globenewswire.com/Tracker?data=zJesOXmhj6QdW6h6V6e8pyHWGzYhTYoTkBCJiTtIqNRgH8ige5y37uQBBs609gsGMXNueWN-005H2L2d4qwL5g==" rel="nofollow" target="_blank">website</a>.</p>  <p align="justify">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p>  <p align="justify">Contacts<br></br>Kirby McInerney LLP<br></br>Lauren Molinaro, Esq.<br></br>212-699-1171<br></br><a href="https://www.globenewswire.com/Tracker?data=FiB4mKiGf22U4m5XZ1cXZ6zk1Dgod_dq1vdVUl895QFObEmd3dvLhqNBkHbfDs06QydjEhY5zAtHh7IhH_JD-tQDb6avFkvaALe89OpAocM=" rel="nofollow" target="_blank">https://www.kmllp.com</a><br></br><a href="https://www.globenewswire.com/Tracker?data=FiB4mKiGf22U4m5XZ1cXZ2l4w1Izb57SS6Dpc6JJREmCFaKVIrcEZWHig6biKp22GaDmUdrGRJ6fyAyKCXhEkFUrXNPcFPSYce7R1Y4DwHaidHkd_fRPM2zEbm93mIkkTNW2fcrNM4oZ8DehSPyEJA==" rel="nofollow" target="_blank">https://securitiesleadplaintiff.com/</a><br></br><a href="https://www.globenewswire.com/Tracker?data=EfNTYfw94ecQDXd8N1CxN2lddXBL_2Im7_56jHsPfYNpmNH3wcbVwql4OetzNXppcv3QcliaC_qHllxW5KqcV-kop0ZNObXVRCFlAlcCkAHsIEhJSTwSVUjFfpFfjV45" rel="nofollow" target="_blank">investigations@kmllp.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3MzEzMyM3NDg4NTI0IzIwMjA2Njk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Yzg2NzI5NjYtNzdlMi00NzMzLTk5YmEtMDE5YTBlNDNlOWI5LTEwMzE5OTctMjAyNi0wMy0xNy1lbg==/tiny/Kirby-McInerney-LLP.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/192da1d1-643f-4eee-b850-dde5b9f2b00f"><img src="https://ml.globenewswire.com/media/192da1d1-643f-4eee-b850-dde5b9f2b00f/small/linkedin-logo-300x300-png.png" border="0" width="147" height="147" alt="Primary Logo"></img></a></p>

Lakeland Industries is under a securities class action lawsuit alleging overstatements in business performance and significant operational issues, including delays and production challenges. Coupled with substantial revenue misses and the withdrawal of FY 2026 guidance, the company's future financial stability now presents increased risks for investors.

REMINDER: Lakeland Industries, Inc. Investors With Significant Losses Must Act By April 24, 2026 - contact Kirby McInerney

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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