HUNTSVILLE, Ala., May 01, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that its Board of Directors declared a cash dividend for its fiscal second quarter of 2026 of $0.03 per share. The dividend will be paid on May 22, 2025, to stockholders of record as of May 15, 2025. About Lakeland Fire + Safety Lakeland Fire + Safet ...

Secondhand clothing retailer ThredUp saw its stock climb Monday (April 28) ahead of its next earnings report.As Seeking Alpha reports, analysts note that the consignment company ended the last quarter on a high note, while facing less exposure to tariffs.“Entering FY25, the company was seeing encouraging momentum, highlighted by a positive inflection in active buyers in Q1 to date, solid customer retention, and a growing supply of premium apparel,” said analyst Dana Telsey, per the report.“Reflecting this p ...

Financial Data and Key Metrics Changes - The company improved its cash position significantly, with a decline of $6.6 million in fiscal year 2024 compared to a decline of $70.5 million in fiscal year 2023, resulting in record low cash consumption [5] - Total revenue for Q4 2024 was $76.4 million, an increase of $600,000 or 0.8% year over year [31] - Adjusted EBITDA for Q4 2024 was $17.4 million or 22.8% of revenue, compared to $11.2 million or 14.8% of revenue in the prior year [33] Business Line Data and Key Metrics Changes - Subscription and reserve rental revenue decreased by 1.2% year over year in Q4 2024, primarily due to lower average subscribers [31] - Other revenue increased by 13.5% or $1.4 million year over year [31] - Fulfillment expenses were $20.2 million in Q4 2024, slightly lower than $20.1 million in Q4 2023, with fulfillment expenses as a percentage of revenue at 26.4% [32] Market Data and Key Metrics Changes - Ending active subscribers decreased to 119,778, down approximately 4.9% year over year [29] - Average active subscribers during the quarter were 126,148, a decrease of 2.1% from the prior year [29] - The company plans to double inventory purchases in fiscal year 2025, with 62% of total units expected to come from the share by RTR program [23][36] Company Strategy and Development Direction - The company is focusing on a disciplined growth strategy rather than growth at all costs, emphasizing the importance of inventory investment to unlock customer growth and retention [6][22] - A significant inventory investment is planned for 2025, with a goal to add two times new inventory units year over year and 75% more new styles [16][17] - The company aims to evolve into a discovery engine for consumers to find the latest in designer fashion, leveraging its partnerships with brands [26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to operate at nearly breakeven levels while maintaining steady revenue, highlighting improvements in cost structure and working capital [28] - The company anticipates increased cash consumption in fiscal year 2025 due to inventory investments, but expects this to lead to subscriber growth and improved customer satisfaction [37] - Management is cautious about external factors such as tariffs and economic conditions but believes renting offers substantial value compared to buying [40] Other Important Information - The company has restructured its customer service team to focus more on proactive engagement, which has led to improved customer satisfaction scores [10] - The company has implemented a 60-day customer promise for new members, providing risk-free renting for the first two months [19] Q&A Session Summary Question: Can you help us understand the cash flow guidance and the drivers of it? - The cash flow guidance reflects a significant increase in inventory, with a CapEx guidance of $70 million to $75 million for the year, which is a considerable increase from fiscal year 2024 [43][44] Question: What have you seen more recently regarding consumer reactions to tariffs? - The company believes renting provides considerable value versus buying, and the new inventory addresses the primary pain point for customers, which is expected to improve retention [46][47] Question: How do we think about the customer experience changing in 2025? - The company is doubling the number of new units on the platform, which will significantly enhance the customer experience with more new arrivals and greater brand variety [50][51]

Company Overview - Destination XL Group, Inc. is the leading integrated-commerce retailer specializing in Big + Tall men's clothing and shoes [1] - The company operates DXL Big + Tall retail and outlet stores, Casual Male XL retail and outlet stores, and an e-commerce platform [5] Recent Developments - The company announced the grand opening of its new store in Riverdale, Utah, on April 12, 2025, marking its second new store opening of the fiscal year and eighth in the past 12 months [1][4] - The new location aims to enhance the shopping experience for Big + Tall men by offering exclusive styles and a superior fit [2] Innovative Technology - The Riverdale store features DXL's proprietary FiTMAPSM Sizing Technology, which utilizes digital scanning to provide custom clothing options and accurate size recommendations [3] Market Positioning - DXL is dedicated to serving an underserved market, focusing on providing high-quality clothing that fits Big + Tall men [2] - The company aims to ensure that every Big + Tall customer has access to fashionable and comfortable clothing options [4]

Core Insights - Petco Health and Wellness Company, Inc. (WOOF) reported fourth-quarter fiscal 2024 results with net sales and earnings declining year-over-year, meeting revenue estimates but lagging on earnings [1][2] Financial Performance - The company posted break-even earnings per share in Q4 fiscal 2024, down from adjusted earnings of 2 cents in the same quarter last year, and below the Zacks Consensus Estimate of adjusted earnings of 2 cents [2] - Net sales were $1,552.1 million, a decrease of 7.3% year-over-year, influenced by the absence of a 53rd week in fiscal 2023; comparable sales increased by 0.5%, slightly below the expected growth of 0.9% [3] Margins and Expenses - Gross profit fell by 2.8% year-over-year to $589.3 million, while gross margin improved by 180 basis points to 38% [4] - Selling, general and administrative expenses decreased by 5.7% to $571.8 million, with these expenses as a percentage of net sales decreasing by 60 basis points to 36.8% [4] - Adjusted EBITDA was $96.1 million, down from $105.3 million in the previous year, with the adjusted EBITDA margin contracting by 10 basis points to 6.2% [5] Cash Flow and Equity - At the end of the quarter, Petco had cash and cash equivalents of $165.8 million and total stockholders' equity of $1.11 billion; operating cash flow was $177.7 million, down from $215.7 million in the prior year [6] - Free cash flow totaled $49.7 million at the end of Q4 fiscal 2024 [6] Future Outlook - For fiscal 2025, net sales are expected to decline in the low-single-digit percentage range, with adjusted EBITDA projected between $375 million and $390 million; capital expenditure is anticipated to be between $130 million and $140 million [9][10] - The company expects to close 20-30 net real estate locations during the year [10] - For Q1 fiscal 2025, net sales are also projected to decline in the low-single-digit percentage range, with adjusted EBITDA expected between $82 million and $83 million [10]