L Brands Inc. just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 42 cents per share and revenues of $2.58 billion. LB is a #3 (Hold) on the Zacks Rank, and is down almost 2% to $66.60 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 42 cents per share, surpassing the Zacks Consensus Estimate of 40 cents per share but declining 24% year-over-year
Matched revenue estimates. The company saw revenue figures of $2.51 billion, matching our consensus estimate of $2.583 billion and increasing 4% year-over-year.
Company-wide, L Brands reported a comparable sales (including stores and direct sales) increase of 2%. Victoria’s Secret saw a 1% decline in comps, while Bath & Body Works posted a 7% increase in comps.
Third quarter operating income decreased 16% to $283.6 million compared to $338.8 million last year, and net income was $121.6 million compared to $164.0 million last year.
Looking ahead to its holiday quarter, the company expects EPS to be in the range of $1.85 to $2.00, down from $2.15 per share a year ago.
Here’s a graph that looks at L Brands’ price, consensus, and EPS surprise:
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) Beats Q3 Profit Estimate, Down 2% on Weak Outlook
L Brands Inc. just released its third quarter fiscal 2016 financial results after the bell, posting earnings of 42 cents per share and revenues of $2.58 billion. LB is a #3 (Hold) on the Zacks Rank, and is down almost 2% to $66.60 per share in after-hours trading.
Beat earnings estimates. The company reported earnings of 42 cents per share, surpassing the Zacks Consensus Estimate of 40 cents per share but declining 24% year-over-year
Matched revenue estimates. The company saw revenue figures of $2.51 billion, matching our consensus estimate of $2.583 billion and increasing 4% year-over-year.
Company-wide, L Brands reported a comparable sales (including stores and direct sales) increase of 2%. Victoria’s Secret saw a 1% decline in comps, while Bath & Body Works posted a 7% increase in comps.
Third quarter operating income decreased 16% to $283.6 million compared to $338.8 million last year, and net income was $121.6 million compared to $164.0 million last year.
Looking ahead to its holiday quarter, the company expects EPS to be in the range of $1.85 to $2.00, down from $2.15 per share a year ago.
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, 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.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>