L Brands Inc. just released its second quarter fiscal 2016 earnings results, posting adjusted earnings of 70 cents per share and revenue of $2.89 billion.
LB was up $1.64, or 2.21%, to $75.70 as of 4:27 PM ET in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of 70 cents per share, soaring past the Zacks Consensus Estimate of 59 cents per share and gaining 3% year-over-year. This number excludes 17 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $2.89 billion, just edging past our consensus estimate of $2.875 billion and increasing 5% year-over-year.
Reported total comparable sales increase of 3% for the quarter. Victoria’s Secret saw a comps increase of 2%, while Bath & Body Works saw its comps grow by 5%.
Posted operating income of $408.2 million, an increase of 1%, and adjusted net income of $204.7 million, also an increase of 1%.
L Brands now expects Q3 earnings per share to fall in the range of 40 cents to 45 cents, and full-year earnings between $3.79 to $3.85 per share.
Here’s a graph that looks at L Brands’ price, consensus, and EPS surprise:
LB is a Zacks Rank #3 (Hold).
L Brands, Inc. 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 (LB) Posts Q2 Earnings Beat, Comps Increase 3%
L Brands Inc. just released its second quarter fiscal 2016 earnings results, posting adjusted earnings of 70 cents per share and revenue of $2.89 billion.
LB was up $1.64, or 2.21%, to $75.70 as of 4:27 PM ET in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted adjusted earnings of 70 cents per share, soaring past the Zacks Consensus Estimate of 59 cents per share and gaining 3% year-over-year. This number excludes 17 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $2.89 billion, just edging past our consensus estimate of $2.875 billion and increasing 5% year-over-year.
Reported total comparable sales increase of 3% for the quarter. Victoria’s Secret saw a comps increase of 2%, while Bath & Body Works saw its comps grow by 5%.
Posted operating income of $408.2 million, an increase of 1%, and adjusted net income of $204.7 million, also an increase of 1%.
L Brands now expects Q3 earnings per share to fall in the range of 40 cents to 45 cents, and full-year earnings between $3.79 to $3.85 per share.
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
LB is a Zacks Rank #3 (Hold).
L Brands, Inc. 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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