Investing.com - Lakeland Industries (NASDAQ:LAKE) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lakeland Industries announced earnings per share of $0.14 on revenue of $28.18M. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $29.55M.
Lakeland Industries shares are down 32% from the beginning of the year, still down 45.06% from its 52 week high of $23.90 set on September 9, 2021. They are under-performing the S&P/TSX which is down 8.53% from the start of the year.
Lakeland Industries follows other major Consumer Discretionary sector earnings this month
Lakeland Industries's report follows an earnings beat by Home Depot on August 16, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Lowe’s had beat expectations on August 17 with second quarter EPS of $4.67 on revenue of $27.48B, compared to forecast for EPS of $4.58 on revenue of $28.12B.
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