L Brands (LB) Reports In-Line Q3 EPS, Offers Q4 Guidance

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L Brands Reports Third Quarter 2017 Earnings

November 15, 2017 4:20 PM EST

COLUMBUS, Ohio, Nov. 15, 2017 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2017 third quarter results.

Third Quarter ResultsEarnings per share for the third quarter ended Oct. 28, 2017, decreased 29 percent to $0.30 compared to $0.42 for the quarter ended Oct. 29, 2016.  Third quarter operating income decreased 18 percent to $231.7 million compared to $283.6 million last year, and net income was $86.0 million compared to $121.6 million last year. 

The company reported net sales of $2.618 billion for the third quarter ended Oct. 28, 2017, an increase of 1 percent, compared to net sales of $2.581 billion for the... More