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Lands' End fiscal Q1 profit climbs 42.2% YOY

Lands' End Inc. said its normalized net income for the fiscal first quarter ended May 2 amounted to 33 cents per share, an increase of 42.2% from 23 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.6 million, an increase of 42.2% from $7.5 million in the prior-year period.

The normalized profit margin increased to 3.2% from 2.3% in the year-earlier period.

Total revenue rose year over year to $330.5 million from $319.0 million, and total operating expenses increased year over year to $311.7 million from $307.1 million.

Reported net income increased 47.8% from the prior-year period to $10.9 million, or 34 cents per share, from $7.4 million, or 23 cents per share.