Overview

A class action lawsuit has been filed against Lakeland Industries, Inc. (“Lakeland” or the “Company”) (NASDAQ : LAKE) and certain of the Company’s current and former senior executive officers alleging violations of the federal securities laws. The Lakeland lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Lakeland securities between December 1, 2023, and December 9, 2025, inclusive (the “Class Period”). Investors have until April 24, 2026, to seek appointment as lead plaintiff of the Lakeland class action lawsuit.

Lakeland manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide.

During the Class Period, the Company touted its “small, strategic, and quick” (“SSQ”) mergers and acquisitions strategy, including its acquisitions of Pacific Helmets NZ Limited (“Pacific Helmets”) and Jolly Scarpe S.p.A. and Jolly Scarpe Romania S.R.L. (collectively, “Jolly”). Defendants represented that the Company would realize significant benefits from these acquisitions in both the near and long term. Defendants also assured investors that Lakeland was well positioned to navigate tariff-related headwinds and repeatedly reaffirmed ambitious financial guidance, including EBITDA and revenue targets for fiscal years 2025 and 2026.

The complaint alleges that Defendants’ statements were false and/or misleading and/or failed to disclose that: (i) Lakeland was experiencing significant, sustained issues with its Pacific Helmets and Jolly businesses, including, shipping-related delays, production issues, and slower than expected rollout of new products; (ii) accordingly, Defendants overstated the anticipated and actual positive impact of these businesses on Lakeland’s financial results, as well as the overall strength and quality of Pacific Helmets’ and Jolly’s respective operations; (iii) as a result of the foregoing issues, Defendants’ financial guidance was unreliable; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The truth began to be revealed on September 4, 2024, when Lakeland issued a press release reporting its financial results for the second quarter of 2025. Among other results, Lakeland reported revenue of $38.51 million for the quarter, missing consensus estimates by $1.39 million. Lakeland also disclosed that “the shortfall was due to shipment timing,” and that, the Jolly business had “substantial fire orders delayed to the late third and early fourth quarter.” On this news, Lakeland’s stock price fell $1.86 per share, or 7.82%, to close at $21.92 per share on September 5, 2024.

As the Class Period progressed, the Company continued to report poor financial results, causing further stock price declines:

• On April 9, 2025, Lakeland reported fourth quarter earnings per share (“EPS”) of -$2.42, missing consensus estimates by $2.80, and full-year 2025 adjusted EBITDA, excluding FX losses, of only $17.4 million below Defendants’ repeatedly reiterated guidance of at least $18 million. On this news, Lakeland’s stock price fell $2.63 per share, or more than 14%, to close at $15.72 per share on April 10, 2025.
• On June 9, 2025, Lakeland reported first quarter 2026 EPS of -$0.41, missing consensus estimates by $0.60, as well as revenue of $46.74 million, missing consensus estimates by $2.1 million. On this news, Lakeland’s stock price fell $4.29 per share, or 22%, to close at $15.07 per share on June 10, 2025.
• On September 9, 2025, Lakeland reported revenue of $52.5 million for the second quarter of 2026, missing consensus estimates by $2.09 million. On this news, Lakeland’s stock price fell $0.64 per share, or 4.4%, to close at $13.80 per share on September 10, 2025.
• On December 9, 2025, Lakeland reported third quarter 2026 EPS of -$1.64, missing consensus estimates by $1.93, and revenue of $47.6 million, missing consensus estimates by $9.05 million, blaming “timing, certification delays, and material flow issues” in its acquired businesses, as well as tariff-related headwinds.  On this news, Lakeland’s stock price fell $5.85 per share, or nearly 39%, to close at $9.16 per share on December 10, 2025.

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If you purchased or otherwise acquired Lakeland securities between December 1, 2023, and December 9, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Lakeland class action lawsuit is April 24, 2026.