L Brands, Inc.(LB) announced financial results for the first quarter of fiscal 2016, posting earnings of $0.59 per share and net sales of $2.614 billion.
Currently, L Brands has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
L Brands:
1. Beat earnings estimates: The company posted $0.59 per share, beating our Zacks Consensus Estimate of $0.55. The company’s EPS figure excludes $0.07 from non-recurring items.
2. Missed revenue estimates: The company saw revenue figures of $2.614 billion, narrowly missing our estimate of $2.617.
3. The company decreased its guidance for 2016 full-year adjusted earnings per share to $3.60 to $3.80 from $3.90 to $4.10 previously, and issued guidance for second quarter earnings per share between $0.50 and $0.60.
4. Victoria Secret Stores reported nets sales of $1.381 billion for the quarter, a 2.65% year-over-year increase.
5. Shares of LB are down 3.88% in after-hours trading as of 4:57 PM ET.
Here’s a graph of L Brands percentage change over 1 year versus the S&P 500:
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.
Check back later for our full analysis on L Brands 2016 first quarter earnings report!
L BRANDS INC (LB): Free Stock Analysis Report
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