UBS Cuts Price Target on L Brands (LB) to $100 Following 2Q In-Line EPS

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Go back to UBS Cuts Price Target on L Brands (LB) to $100 Following 2Q In-Line EPS

L Brands Reports Second Quarter 2015 Earnings

August 19, 2015 4:30 PM EDT

COLUMBUS, Ohio, Aug. 19, 2015 /PRNewswire/ -- L Brands, Inc. (NYSE: LB) today reported 2015 second quarter results.

Second Quarter Results Earnings per share for the second quarter ended Aug. 1, 2015, increased 8 percent to $0.68 compared to $0.63 for the quarter ended Aug. 2, 2014.  Second quarter earnings per share include a $0.02 negative foreign exchange impact.  Second quarter operating income increased 7 percent to $402.9 million compared to $375.9 million last year, and net income was $202.5 million compared to $188.4 million last year. 

The company reported net sales of $2.765 billion for the second quarter ended Aug. 1, 2015, an increase of 3 percent... More