L Brands (LB) Misses Q1 EPS by 1c, Beats on Revenues; Lowers FY18 EPS Outlook Below Consensus

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Go back to L Brands (LB) Misses Q1 EPS by 1c, Beats on Revenues; Lowers FY18 EPS Outlook Below Consensus

L Brands Reports First Quarter Earnings

May 23, 2018 4:15 PM EDT

COLUMBUS, Ohio, May 23, 2018 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported first quarter earnings results.

Earnings per share for the first quarter ended May 5, 2018, were $0.17 compared to $0.33 for the quarter ended April 29, 2017.  First quarter operating income was $154.8 million compared to $209.2 million last year, and net income was $47.5 million compared to $94.1 million last year.

The company reported net sales of $2.626 billion for the first quarter ended May 5, 2018, an increase of 8 percent compared to sales of $2.437 billion for the quarter ended April 29, 2017.  Comparable sales for the first quarter ended May 5, 2018,... More