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L Brands (LB) Reports In-Line Q3 EPS, Offers Q4 Guidance

November 20, 2019 4:20 PM EST

L Brands (NYSE: LB) reported Q3 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $2.68 billion versus the consensus estimate of $2.69 billion.

GUIDANCE:

L Brands sees Q4 2019 EPS of $2.00, versus the consensus of $1.98.

  • The company stated that it expects 2019 fourth quarter earnings per share to be about $2.00, which would result in full-year adjusted earnings per share of about $2.40, compared to its previous full-year guidance range of $2.30 to $2.60.
L BRANDS
THIRD QUARTER 2019
Comparable Sales Increase (Decrease) (Stores and Direct):
Third Quarter2019 ThirdQuarter2018 Year-to-Date2019 Year-to-Date2018
Victoria’s Secret1(7%) (2%) (6%) (1%)
Bath & Body Works19% 13% 10% 10%
L Brands2 (2%) 4% (1%) 3%

1 – Results include company-owned stores in the U.S. and Canada and direct sales.2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China and direct sales.

Comparable Sales Increase (Decrease) (Stores Only):
Third Quarter2019 ThirdQuarter2018 Year-to-Date2019 Year-to-Date2018
Victoria’s Secret1(8%) (6%) (8%) (5%)
Bath & Body Works15% 10% 5% 8%
L Brands2 (3%) 0% (3%) (1%)

1 – Results include company-owned stores in the U.S. and Canada.2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China.

For earnings history and earnings-related data on L Brands (LB) click here.



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