L Brands Lifts Full-Year Outlook as Q2 Earnings and Comps Rise

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August 17, 2016 5:00pm NYSE:LB

l-brands-lb-logoSpecialty retailer L Brands Inc (NYSE:LB) late today posted much better-than-expected second quarter earnings results, and lifted its full-year forecast amid rising comparable sales at its Victoria’s Secret and Bath & Body Works stores.


The Columbus, OH-based company reported Q2 adjusted EPS of $0.70, easily topping Wall Street’s view of $0.60. Revenue rose 4.5% from last year to $2.89 billion, also beating estimates.

Looking ahead, LB forecast Q3 EPS to range from $0.40 to $0.45, which would miss analyst projections of $0.47. However, its full-year forecast was raised to $3.70-$3.85, which could exceed the consensus estimate of $3.75.

Other interesting notes from the report included:

  • Total Q2 comparable sales rose 3% from last year.
  • Q2 comps at Victoria’s Secret rose 1%.
  • Q2 comps at Bath & Body Works rose 6%.

L Brands shares rose $3.17 (+4.28%) to $77.23 in aftermarket trading. Prior to today’s report, LB stock had fallen more than 22% year-to-date, so the improved numbers are definitely giving the stock a much-needed boost.

LB-2016-08-17


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