UPDATE: Oppenheimer Upgrades L Brands (LB) to Outperform

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Go back to UPDATE: Oppenheimer Upgrades L Brands (LB) to Outperform

L Brands Reports Second Quarter 2016 Earnings

August 17, 2016 4:15 PM EDT

COLUMBUS, Ohio, Aug. 17, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2016 second quarter results.

Second Quarter ResultsEarnings per share for the second quarter ended July 30, 2016, were $0.87 compared to $0.68 for the quarter ended Aug. 1, 2015.  Second quarter operating income increased 1 percent to $408.2 million compared to $402.9 million last year, and net income was $252.4 million compared to $202.5 million last year.

The reported results above include certain significant items as detailed below:

... More