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Why Lakeland Industries Stock Dropped 14.1% on Thursday

Travis Hoium, The Motley Fool
·1-min read
Why Lakeland Industries Stock Dropped 14.1% on Thursday

Shares of Lakeland Industries (NASDAQ: LAKE) dropped as much as 14.1% in trading on Thursday after the company reported fiscal first-quarter 2022 results. Management said that demand for personal protective equipment (PPE) was down as the worst of the pandemic subsided and customers experienced higher inventory levels. As many companies start to see demand pick up while the pandemic subsides, Lakeland Industries is one company that will see its business slow.

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