L Brands Reports Second Quarter 2019 Results

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Go back to L Brands Reports Second Quarter 2019 Results

MKM Partners Reiterates Neutral Rating on L Brands (LB)

August 22, 2019 7:05 AM EDT

MKM Partners analyst Roxanne Meyer reiterated a Neutral rating and $26.00 price target on L Brands (NYSE: LB) following the company's 2Q earnings report. 2Q beat the Street by $0.04 on a lower-than-expected tax rate, with total sales and gross margin falling short of expectations.

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UPDATE: L Brands (LB) Tops Q2 EPS by 4c; Offers Q3 EPS Guidance Below Consensus, Reiterates FY19 EPS Outlook

August 21, 2019 4:33 PM EDT

(Updated - August 21, 2019 4:34 PM EDT)

L Brands (NYSE: LB) reported Q2 EPS of $0.24, $0.04 better than the analyst estimate of $0.20. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.95 billion.

GUIDANCE:

L Brands... More