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Stock Market & Financial Investment News

News Breaks
April 13, 2014
17:45 EDTSHLD, LELand's End shares could head lower, Barron's says
Shares of Land's End (LE) have fallen 17% since its spinoff from Sears (SHLD) and the stock could continue to drop if earnings fall below estimates, Barron's contends in a feature article. Disappointment seems likely, the paper adds. Reference Link
News For LE;SHLD From The Last 14 Days
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February 9, 2016
13:55 EDTSHLDSears liquidity event a matter of 'when, not if,' says Evercore ISI
Evercore ISI analyst Greg Melich said the preliminary Q4 financials released by Sears showed comparable sales were worse than he expected at the flagship brand and at Kmart and that its margins were also worse than he thought. Sear's cash situation has gotten worse, making additional debt issuance more likely in 2016, Melich tells investors, adding that he believes "a liquidity event is a matter of when not if," and may be possible in 2017 at the current burn rate. The analyst keeps a Sell rating on Sears shares.
12:06 EDTSHLDSears is not a viable retailer, says Evercore ISI
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06:51 EDTSHLDSears says to accelerate closing of unprofitable stores
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06:13 EDTSHLDSears sees FY15 revenue $25.1B, one estimate $25.27B
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06:13 EDTSHLDSears sees Q4 revenue $7.3B, one estimate $7.43B
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January 28, 2016
07:16 EDTLELand's End appoints James Gooch as COO and CFO
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06:53 EDTLELand's End reports preliminary Q4 revenue $464M, one estimate $444.38M
Including the impairment, Net loss is expected to be between $35 million and $50 million, and diluted loss per share is expected to be $1.08 to $1.55 in the fourth quarter of fiscal 2015 compared with Net income of $33 million and diluted earnings per share of $1.03 in the fourth quarter of fiscal 2014. The impairment is expected to negatively impact diluted earnings per share by $1.86 to $2.24. Net revenue in the Direct segment is expected to be between $401 million and $410 million for the fourth quarter of fiscal 2015 compared to $432 million for the fourth quarter of fiscal 2014. Net revenue in the Retail segment is expected to be between $63 million and $64 million in the fourth quarter of fiscal 2015, compared to $73 million in the fourth quarter of fiscal 2014. Gross margin is expected to be between 42.0% and 42.2% in the fourth quarter of fiscal 2015 compared to 44.0% in the fourth quarter of fiscal 2014. The Company is performing its annual testing of goodwill and indefinite-lived intangible assets. As a result, the Company has determined a write-down of the Lands' End trade name is required. The estimated impairment of $90 million to $110 million will reduce the value of the asset from $528 million to between $418 million and $438 million. This non-cash accounting charge will not impact the Company's liquidity, cash flows, compliance with debt covenants or any future operations.

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