UPDATE: Oppenheimer Upgrades L Brands (LB) to Outperform
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L Brands Reports Second Quarter 2016 Earnings
August 17, 2016 4:15 PM EDTCOLUMBUS, 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:
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