L Brands (LB) Reports In-Line Q3 EPS, Offers Q4 Guidance
L Brands (NYSE: LB) reported Q3 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $2.68 billion versus the consensus estimate of $2.69 billion.
GUIDANCE:
L Brands sees Q4 2019 EPS of $2.00, versus the consensus of $1.98.
- The company stated that it expects 2019 fourth quarter earnings per share to be about $2.00, which would result in full-year adjusted earnings per share of about $2.40, compared to its previous full-year guidance range of $2.30 to $2.60.
| L BRANDS | ||||||||
| THIRD QUARTER 2019 | ||||||||
| Comparable Sales Increase (Decrease) (Stores and Direct): | ||||||||
| Third Quarter2019 | ThirdQuarter2018 | Year-to-Date2019 | Year-to-Date2018 | |||||
| Victoria’s Secret1 | (7%) | (2%) | (6%) | (1%) | ||||
| Bath & Body Works1 | 9% | 13% | 10% | 10% | ||||
| L Brands2 | (2%) | 4% | (1%) | 3% | ||||
1 – Results include company-owned stores in the U.S. and Canada and direct sales.2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China and direct sales.
| Comparable Sales Increase (Decrease) (Stores Only): | ||||||||
| Third Quarter2019 | ThirdQuarter2018 | Year-to-Date2019 | Year-to-Date2018 | |||||
| Victoria’s Secret1 | (8%) | (6%) | (8%) | (5%) | ||||
| Bath & Body Works1 | 5% | 10% | 5% | 8% | ||||
| L Brands2 | (3%) | 0% | (3%) | (1%) | ||||
1 – Results include company-owned stores in the U.S. and Canada.2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China.
For earnings history and earnings-related data on L Brands (LB) click here.