Shares of Lands’ End Inc. LE rose 1.3% in premarket trading Thursday, after the casual clothing and accessories company swung to a fiscal fourth-quarter loss as promotional activity weighed on margins, but provided and upbeat outlook. The net loss for the quarter to Jan. 27 was $3.3 million, or 10 cents a share, after net income of $7.1 million, or 21 cents a share, in the year-ago period. Revenue fell 4.6% to $529.6 million.
3 million, or 10 cents a share, after net income of $7.1 million, or 21 cents a share, in the year-ago period. Revenue fell 4.6% to $529.6 million. The one analyst surveyed by FactSet expected a breakeven quarter on revenue of $515.0 million. Cost of sales rose while sales fell, up 0.3% to $357.5 million, as gross margin contracted to 32.5% from 35.