L Brands Inc. just released its fourth quarter fiscal 2016 earnings results, posting earnings, before non-recurring items, of $2.03 per share and revenues of $4.49 billion. Currently, LB is a #5 (Strong Sell) on the Zacks Rank, and is down 12% to $51.07 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company reported earnings of $2.03 per share, easily beating the Zacks Consensus estimate of $1.90 per share. This number excludes 14 cents from non-recurring items.
Matched revenue estimates. The company saw revenues of $4.49 billion, matching our consensus estimate of $4.497 billion and increasing 2% year-over-year.
Comparable sales for Q4 were flat. The exit of the swim and apparel categories had a negative impact of 2 percentage points and 4 percentage points to total company and Victoria’s Secret comparable sales, respectively.
Looking ahead, L Brands expects full year fiscal 2017 earnings per share to be between $3.05 and $3.35 and 20 cents to 25 cents per share in Q1. The retailer expects to report a mid-to-high-teens decrease in February comparable sales, below expectations for a mid-single digit decrease and reflecting a decline of about 20% at Victoria’s Secret and a mid-single digit decline at Bath & Body Works.
Here’s a graph that looks at L Brands’ price, consensus, and EPS surprise:
L Brands operates as a retailer of women's intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria's Secret, Victoria's Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.
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Victoria's Secret Parent Posts Q4 Earnings Beat, Stock Tanks 12% on Weak Guidance
L Brands Inc. just released its fourth quarter fiscal 2016 earnings results, posting earnings, before non-recurring items, of $2.03 per share and revenues of $4.49 billion. Currently, LB is a #5 (Strong Sell) on the Zacks Rank, and is down 12% to $51.07 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company reported earnings of $2.03 per share, easily beating the Zacks Consensus estimate of $1.90 per share. This number excludes 14 cents from non-recurring items.
Matched revenue estimates. The company saw revenues of $4.49 billion, matching our consensus estimate of $4.497 billion and increasing 2% year-over-year.
Comparable sales for Q4 were flat. The exit of the swim and apparel categories had a negative impact of 2 percentage points and 4 percentage points to total company and Victoria’s Secret comparable sales, respectively.
Looking ahead, L Brands expects full year fiscal 2017 earnings per share to be between $3.05 and $3.35 and 20 cents to 25 cents per share in Q1. The retailer expects to report a mid-to-high-teens decrease in February comparable sales, below expectations for a mid-single digit decrease and reflecting a decline of about 20% at Victoria’s Secret and a mid-single digit decline at Bath & Body Works.
Here’s a graph that looks at L Brands’ price, consensus, and EPS surprise:
L Brands, Inc. Price, Consensus and EPS Surprise
L Brands, Inc. Price, Consensus and EPS Surprise | L Brands, Inc. Quote
L Brands operates as a retailer of women's intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria's Secret, Victoria's Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.
Long-Term Buys You Won't See in the News
The stocks you see in today's headlines may not be in the news tomorrow or next week. If you're looking for profitable long-term investments, you may be interested to see what Zacks Research is recommending to our private members. These moves have double and triple-digit profit potential. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this exclusive information? Click here>>