L Brands Inc. just released its third quarter fiscal 2017 earnings results, posting earnings of 30 cents per share and revenues of $2.6 billion. Currently, LB is a #3 (Hold) on the Zacks Rank, and is down 4.4% to $47.09 per share in trading shortly after its earnings report was released.
LB:
Matched earnings estimates. The retailer reported earnings of 30 cents per share, coming in line with the Zacks Consensus Estimate of 30 cents per share. Net income was $86 million for the quarter compared to $121.6 million last year.
Matched revenues estimates. The company saw revenue figures of $2.6 billion, just about meeting our consensus estimate of $2.61 billion and increasing 1% year-over-year.
Total comparable store sales decreased 3% for the Q3, while Victoria’s Secret comps were down 5%. Bath & Body Works saw comps rise 1%. L Brands said that the exit of its swim and apparel categories had a negative impact to both its total and VS’s comparable sales.
Looking ahead, the retailer expects Q4 earnings in the range of $1.95 to $2.10 per share. For full year 2017, it expects earnings to be between $3.05 to $3.20 per share.
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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L Brands Inc. just released its third quarter fiscal 2017 earnings results, posting earnings of 30 cents per share and revenues of $2.6 billion. Currently, LB is a #3 (Hold) on the Zacks Rank, and is down 4.4% to $47.09 per share in trading shortly after its earnings report was released.
LB:
Matched earnings estimates. The retailer reported earnings of 30 cents per share, coming in line with the Zacks Consensus Estimate of 30 cents per share. Net income was $86 million for the quarter compared to $121.6 million last year.
Matched revenues estimates. The company saw revenue figures of $2.6 billion, just about meeting our consensus estimate of $2.61 billion and increasing 1% year-over-year.
Total comparable store sales decreased 3% for the Q3, while Victoria’s Secret comps were down 5%. Bath & Body Works saw comps rise 1%. L Brands said that the exit of its swim and apparel categories had a negative impact to both its total and VS’s comparable sales.
Looking ahead, the retailer expects Q4 earnings in the range of $1.95 to $2.10 per share. For full year 2017, it expects earnings to be between $3.05 to $3.20 per share.
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.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>