Lakeland Industries, Inc. (NASDAQ: LAKE)

This lawsuit is for anyone who acquired securities in Lakeland Industries, Inc. (NASDAQ: LAKE) from December 1, 2023 through December 9, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company was experiencing significant, sustained issues with its Pacific Helmets and Jolly businesses, including, among other problems, shipping-related delays, production issues, and slower than expected rollout of new products.

On September 4, 2024, Lakeland released second quarter 2025 financial results, reporting revenue of $38.51 million, missing consensus estimates by $1.39 million, due to “shipment timing” and delayed orders. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on April 9, 2025, Lakeland released fourth quarter and full year 2025 financial results, again missing consensus estimates and its own guidance, due to “a large Jolly fire boots order [which] slipped into FY26,” “weakness . . . at Pacific Helmets resulting from production issues[,]” and “slower than expected” “rollout of new products from Pacific Helmets and Jolly Boots[.]” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Next, on June 9, 2025, Lakeland released first quarter 2026 financial results, yet again missing consensus estimates. The Company placed the blame on its Pacific Helmets business “resulting from production issues and updates to product offerings[,]” as well as “shipment timing” and “tariff-related delays[.]” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Then, on September 9, 2025, Lakeland released second quarter 2026 financial results, missing consensus estimates in revenue by $2.09 million, again citing Pacific Helmets production issues. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on December 9, 2025, Lakeland released its third quarter 2026 financial results, once again missing consensus estimates, blaming “timing, certification delays, and material flow issues.” Further, the Company announced that its Chief Financial Officer’s employment had been terminated, and it was withdrawing its previously issued financial guidance for 2026 and would not provide financial guidance going forward because the foregoing “challenges have affected our forecasting ability[.]” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Lakeland Industries, Inc. (NASDAQ: LAKE) from December 1, 2023 through December 9, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.