We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
L Brands (LB) Shares Higher on Q1 Earnings Beat, Strong Guidance
Read MoreHide Full Article
Victoria’s Secret parent L Brands Inc. (LB - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of 33 cents per share and revenues of $2.437 billion. Currently, LB is a #3 (Hold) on the Zacks Rank, and is up 5.89% to $51.25 per share in trading shortly after its earnings report was released.
L Brands:
Beat earnings estimates. The company reported earnings of 33 cents per share, surpassing the Zacks Consensus Estimate of 29 cents per share.
Matched revenue estimates. The company saw revenues of $2.437 billion, falling in-line with our consensus estimate of $2.44 billion but decreasing 7% year-over-year.
Q1 operating income was $209.2 million, while net income came in at $94.1 million.
Comparable sales for the first quarter decreased 9%. This was due to the exit of the swim and apparel categories, which had a negative impact of 6 percentage points and 9 percentage points, respectively, to total company and Victoria’s Secret comparable sales.
Looking ahead, L Brands increased is guidance for full-year 207, and now expects earnings per share in the range of $3.10 to $3.40, up from previous forecast of $3.05 to $3.35. For Q2, the company expects earnings in the range of 40 cents to 45 cents per share.
Here’s a graph that looks at L Brands’ price, consensus, and EPS surprise:
L Brands operates as a retailer of women's intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria's Secret, Victoria's Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street.
They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
L Brands (LB) Shares Higher on Q1 Earnings Beat, Strong Guidance
Victoria’s Secret parent L Brands Inc. (LB - Free Report) just released its first quarter fiscal 2017 financial results, posting earnings of 33 cents per share and revenues of $2.437 billion. Currently, LB is a #3 (Hold) on the Zacks Rank, and is up 5.89% to $51.25 per share in trading shortly after its earnings report was released.
L Brands:
Beat earnings estimates. The company reported earnings of 33 cents per share, surpassing the Zacks Consensus Estimate of 29 cents per share.
Matched revenue estimates. The company saw revenues of $2.437 billion, falling in-line with our consensus estimate of $2.44 billion but decreasing 7% year-over-year.
Q1 operating income was $209.2 million, while net income came in at $94.1 million.
Comparable sales for the first quarter decreased 9%. This was due to the exit of the swim and apparel categories, which had a negative impact of 6 percentage points and 9 percentage points, respectively, to total company and Victoria’s Secret comparable sales.
Looking ahead, L Brands increased is guidance for full-year 207, and now expects earnings per share in the range of $3.10 to $3.40, up from previous forecast of $3.05 to $3.35. For Q2, the company expects earnings in the range of 40 cents to 45 cents per share.
Here’s a graph that looks at L Brands’ price, consensus, and EPS surprise:
L Brands, Inc. Price, Consensus and EPS Surprise
L Brands, Inc. Price, Consensus and EPS Surprise | L Brands, Inc. Quote
L Brands operates as a retailer of women's intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria's Secret, Victoria's Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street.
They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now>>