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Stock impact report

Jumping Into LAKE After Stock's 21% Dive [Forbes]

Lakeland Industries, Inc. (LAKE) 
Last lakeland industries, inc. earnings: 9/9 04:01 pm Check Earnings Report
Company Research Source: Forbes
AFP via Getty Images Lakeland Industries (LAKE) reported disappointing results for the second quarter of fiscal 2025, ending July 31, which has led to a 14% drop in its stock price since the earnings announcement on September 4. The company posted sales of $38.5 million, a 17% increase year-over-year, bolstered by $6.3 million from recent acquisitions. However, these results missed consensus estimates by $1.4 million due to a 2.8% decline in organic revenue. Additionally, LAKE reported a net loss of $0.19 per share, significantly below expectations for earnings of $0.36 per share, largely due to costs associated with integrating new acquisitions and significant currency headwinds in Argentina. Despite these setbacks, I believe the market's reaction has been overly harsh, especially since the weaker-than-expected results were primarily due to shipment timing issues rather than any fundamental weakness in the business. A notable portion of the revenue shortfall resulted from the tr Show less Read more
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