Lakeland Industries Q1 Sales Meet Estimates at $47.4 Million
LAKE sits 40% above its 52-week low of $7.15 on elevated volume (1.9× avg).
Summary
Lakeland Industries reported Q1 sales of $47.4 million, precisely meeting IBES estimates. The company also posted a gross profit of $14.9 million and operating expenses of $19.1 million for the quarter. This top-line performance follows a challenging fiscal year 2026, which saw a wider net loss and significant gross margin compression. Meeting revenue expectations provides some stability, but the full financial picture, including profitability relative to estimates, is not yet available.
At the time of this announcement, LAKE was trading at $10.01 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $94M. The 52-week trading range was $7.15 to $19.77. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.