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.
[nativounit]
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.
[recirclink id=549293]
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks