L Brands (LB) Tops Q4 EPS by 6c, FY EPS Guidance Falls Short of Views
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L Brands Reports Fourth Quarter and Full-Year 2017 Earnings
February 28, 2018 4:56 PM ESTCOLUMBUS, Ohio, Feb. 28, 2018 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2017 fourth quarter and full-year results.
Fourth Quarter ResultsEarnings per share for the 14-week fourth quarter ended Feb. 3, 2018, were $2.33 compared to $2.18 for the 13-week quarter ended Jan. 28, 2017. The extra week in 2017 represented approximately $0.10 per share. Fourth quarter operating income was $986.6 million compared to $987.6 million last year, and net income was $664.1 million compared to $631.7 million last year.
Reported results above include certain significant items as follows:
In 2017 (totaling to a net benefit of $0.22 per... More
