Lakeland May Improve, But Stock Remains Overpriced After 2Q Earnings
LAKELakeland(LAKE) Seeking Alpha·2024-09-13 05:30

Walter Bibikow/DigitalVision via Getty Images Lakeland Industries, Inc.'s (NASDAQ:LAKE) posted negative 2Q25 results. The company grew revenues thanks to acquisitions, but on an organic basis, its sales declined. This was in part blamed on a distributor transition and shipment timing, so the company maintained guidance. The decrease in organic sales was complemented by a gross margin contraction (the company also says it's transitory) and SG&A increasing 60% YoY (half of it being transitory). The result was ...