L Brands (LB) Tops Q1 EPS by 4c, Offers Q2 Guidance

L Brands (NYSE: LB) reported Q1 EPS of $1.25, $0.04 better than the analyst estimate of $1.21. Revenue for the quarter came in at $3.02 billion versus the consensus estimate of $3.01 billion.

GUIDANCE:

L Brands sees Q2 2021 EPS of $0.80-$1.00, versus the consensus of $0.76.

• The company is forecasting second quarter earnings per share between $0.80 and $1.00, which excludes one-time costs related to the spin-off of Victoria’s Secret, compared to adjusted earnings per share of $0.25 in 2020 and $0.24 in 2019. Due to the continued uncertainty in the environment, as well as the impending separation of the Bath & Body Works and Victoria’s Secret businesses targeted to occur in August 2021, the company is not providing earnings guidance for the full year 2021.

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

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