L Brands (LB) Misses Q4 EPS by 13c, Guides FY EPS Below Views

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L Brands Reports Fourth Quarter and Full-Year 2018 Earnings

February 27, 2019 4:15 PM EST

COLUMBUS, Ohio, Feb. 27, 2019 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2018 fourth quarter and full-year results.

Fourth Quarter ResultsEarnings per share for the 13-week fourth quarter ended Feb. 2, 2019, were $1.94 compared to $2.33 for the 14-week quarter ended Feb. 3, 2018.  Thirteen-week fourth quarter operating income was $799.4 million compared to $986.6 million for the 14-week period last year, and 13-week net income was $540.1 million compared to $664.1 million for the 14-week period last year.

Reported results above include certain significant items as follows:

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