Yahoo Finance Lakeland Industries Full Year 2024 Earnings: Misses Expectations
Lakeland Industries (NASDAQ:LAKE) Full Year 2024 Results
Key Financial Results
Revenue: US$124.7m (up 11% from FY 2023).
Net income: US$5.43m (up 190% from FY 2023).
Profit margin: 4.4% (up from 1.7% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$0.74 (up from US$0.25 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lakeland Industries Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Luxury industry in the US.
Performance of the American Luxury industry.
The company's shares are down 8.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Lakeland Industries' balance sheet.
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