L Brands (LB) Tops Q4 EPS by 12c, Offers Q1 Guidance
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L Brands Reports Record Fourth Quarter 2020 Results
February 24, 2021 4:15 PM ESTCOLUMBUS, Ohio, Feb. 24, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported 2020 fourth quarter and full-year results.
Fourth Quarter ResultsThe company reported earnings per share of $3.03 for the fourth quarter ended Jan. 30, 2021, compared to a loss per share of $0.70 for the quarter ended Feb. 1, 2020. Fourth quarter operating income was $1.273 billion compared to operating income of $81.7 million last year, and net income was $860.3 million compared to a net loss of $192.3 million last year.
Reported results in 2019 include pre-tax, non-cash impairment charges of $725.0 million... More
