Lakeland Industries Q2 net sales fall 4.5% to $50.1 million; net loss $4.9 million
Lakeland Industries reported fiscal second quarter 2027 results for the period ended July 31, 2026. Net sales fell 4.5% year over year to $50.1 million, and the company posted a net loss of $4.9 million, compared with net income of $0.8 million a year earlier. The loss included a non-cash goodwill impairment of approximately $3.2 million tied to LHD Germany, partly offset by a $1.9 million gain on lease settlement.
Key points
- Net sales were $50.1 million versus $52.5 million in Q2 FY26, a decrease of 4.5%; gross margin was 37.0% versus 35.9%.
- Net loss was $4.9 million, or $0.50 per share, versus net income of $0.8 million, or $0.08 per share, in Q2 FY26.
- Adjusted EBITDA was $1.4 million versus $5.0 million a year earlier; adjusted EBITDA excluding FX was $2.7 million versus $5.1 million.
- As of July 31, 2026, the company had $24.9 million outstanding under its revolving credit facility and was in compliance with its debt covenants.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2026.
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