When L Brands Inc. (NYSE: LB) reported its most recent quarterly results after the markets closed on Wednesday, the company said that it had $0.14 in earnings per share (EPS) and $2.63 billion in revenue. That compared with consensus estimates calling for breakeven earnings on $2.56 billion in revenue, as well as the $0.17 per share and $2.63 billion posted in the same period from last year.
During the most recent quarter, comparable sales were flat compared to the quarter ended May 5, 2018. First-quarter comparable sales declined 5% at the Victoria’s Secret segment and increased 13% at Bath & Body Works.
Looking ahead to the 2019 full year, the company expects to see EPS in the range of $2.30 to $2.60, up from the previous range of $2.20 to $2.60. The consensus estimates are $2.39 in EPS and $13.14 billion in revenue for the year.
For the second quarter, L Brands expects to see EPS of $0.15 to $0.20, while consensus estimates call for $0.23, as well as $2.94 billion in revenue.
Excluding Thursday’s move, L Brands had underperformed the broad markets, with the stock down 16% year to date. Over the past 52 weeks, the stock actually is down close to 37%.
Shares of L Brands were last seen up about 16% at $24.95 on Thursday, in a 52-week range of $21.47 to $38.14. The consensus price target is $30.52.
24/7 Wall St.Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.