Protective apparel maker Lakeland's Q3 net sales rise 4% but miss estimates

Overview

• Protective clothing maker's fiscal Q3 net sales rose 4%, missing analyst expectations

• Company reported fiscal Q3 net loss of $16 mln

• Company expanded U.S. PPE footprint with strategic acquisitions

Outlook

• Lakeland Industries withdraws FY2026 financial guidance due to forecasting challenges

• Company anticipates $178 mln in global tender opportunities for FY27

• Lakeland focuses on operational efficiencies to improve margins and free cash flow

Result Drivers

• FIRE SERVICES GROWTH - 31% increase in Fire Services sales drove revenue growth, contributing $25.3 mln

• MACROECONOMIC CHALLENGES - Tariffs, inflation, and certification delays affected margins and profitability

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories peer group is "buy"

• Wall Street's median 12-month price target for Lakeland Industries Inc is $25.00, about 66.6% above its December 8 closing price of $15.01

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNXbC28Vc

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)