L Brands (LB) Tops Q4 EPS by 12c, Offers Q1 Guidance

L Brands (NYSE: LB) reported Q4 EPS of $3.03, $0.12 better than the analyst estimate of $2.91. Revenue for the quarter came in at $4.82 billion versus the consensus estimate of $4.87 billion.

GUIDANCE:

L Brands sees Q1 2021 EPS of $0.35-$0.45, versus the consensus of $0.12.

• The company is forecasting first quarter earnings per share between $0.35 and $0.45, which represents substantial growth compared to last year when stores were closed for the majority of the quarter. Due to the continued uncertainty in the environment, as well as the impending separation of the Bath & Body Works and Victoria’s Secret businesses, targeted to occur in August 2021, the company is not providing earnings guidance for the full year 2021.

For earnings history and earnings-related data on L Brands (LB) click here.

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