L Brands (LB) Tops Q2 EPS by 2c, Lowers FY EPS Guidance

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Go back to L Brands (LB) Tops Q2 EPS by 2c, Lowers FY EPS Guidance

L Brands Reports Second Quarter Earnings

August 22, 2018 5:27 PM EDT

 UPDATES EARNINGS GUIDANCE

 ANNOUNCES RETIREMENT OF PINK CEO AT END OF 2018, NAMES SUCCESSOR

COLUMBUS, Ohio, Aug. 22, 2018 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported second quarter earnings results.

Earnings per share for the second quarter ended Aug. 4, 2018, were $0.36 compared to $0.48 for the quarter ended July 29, 2017.  Second quarter operating income was $228.1 million compared to $300.9 million last year, and net income was $99.0 million compared to $138.9 million last year.

The company reported net sales of $2.984 billion for the quarter ended Aug. 4,... More