Lands' End Q2 Profit Up - Quick Facts

(RTTNews) - Apparel retailer Lands' End, Inc., which went public in April, Wednesday reported a modest rise in second-quarter earnings, helped by revenue growth and higher gross margin, hurt by interest expense from a term loan used to pay dividend to a unit of Sears Holdings prior to the spin-off.

For the 3-month period, net earnings totaled $11.94 million or $0.37 per share, up from $11.29 million or $0.35 per share a year earlier.

Adjusted EBITDA stood at $30.12 million, compared with $23.78 million a year earlier.

Quarterly revenues increased to $347.22 million from $329.56 million a year earlier.