Lakeland's (LAKE) Earnings & Revenues Miss Estimates in Q4

Lakeland Industries, Inc. (LAKE) reported fourth-quarter fiscal 2024 (ended Jan 31, 2024) adjusted earnings of 22 cents per share, missing the Zacks Consensus Estimate of 30 cents.On a reported basis, the company reported a net loss of 13 cents per share, against net income of 2 cents per share in the year-ago quarter. Lakeland incurred a one-time charge of $2.7 million for excess and obsolete inventory during the quarter.Net sales of $31.2 million missed the Zacks Consensus Estimate of $33 million. However ...