Land’s End Inc. shares soared more than 19% in Thursday premarket trading after it reported second-quarter sales that beat estimates. The apparel retailer had a net loss of $3.88 million in the quarter, or 12 cents per share, after a loss of $1.98 million, or 6 cents per share, for the same period last year. The FactSet consensus was for a loss per share of 9 cents. Revenue totaled $302.2 million, up from $292.0 million last year and ahead of the $293.0 FactSet estimate. Retail segment revenue fell 7.4% to $42.2 million due to fewer Land’s End Shops at Sears Holdings Corp. locations, the company said. Same-store sales increased 3.8%. Land’s End shares are down 21.3% for the past three months, and down 8.6% for the year so far. The S&P 500 index is up 9.8% for 2017 so far.
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