Third-quarter profits went up for the fiscal 2002 quarter ended Oct. 26.
Lands’ End Inc. reported total revenue for the third quarter was $376.1 million, up 4% from $362.3 million in the same quarter last year. The fiscal 2002 quarter ended Oct. 26. Net income in the quarter was $12.1 million compared with net income of $4.4 million a year ago.
The company attributed the growth to cost controls and strong sales of full-priced merchandise.
Sales rose to $376.1 million from $362.3 million a year ago. Internet sales increased 33%.
For the nine months just ended, both revenue and operating income set records for the Dodgeville, WI-based company. Total revenue was $973.1 million, up about 5% from total revenue of $923.7 million during the same period last year.
Net income for the first nine months of fiscal 2002 was $21 million, compared with net income of $2.9 million a year ago.
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