Jumping Into LAKE After Stock's 21% Dive [Forbes]
Lakeland Industries, Inc. (LAKE)
Last lakeland industries, inc. earnings: 9/9 04:01 pm
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US:NASDAQ Investor Relations:
lakeland.com/financial_information/?___store=lakeland
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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
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LAKE
News
- Lakeland Industries to Host Fiscal Year 2025 Third Quarter Financial Results Conference Call on Thursday, December 5, 2024 at 4:30 p.m. Eastern Time [Yahoo! Finance]Yahoo! Finance
- Lakeland Industries to Host Fiscal Year 2025 Third Quarter Financial Results Conference Call on Thursday, December 5, 2024 at 4:30 p.m. Eastern TimeAccesswire
- Lakeland Industries Declares Cash Dividend for Fourth Quarter 2025Accesswire
- Lakeland Industries, Inc. (NASDAQ: LAKE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Lakeland Industries, Inc. (NASDAQ: LAKE) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
LAKE
Earnings
- 9/4/24 - Miss
LAKE
Sec Filings
- 11/7/24 - Form SC
- 11/4/24 - Form 8-K
- 11/4/24 - Form 4
- LAKE's page on the SEC website