L Brands, Inc. (LB) Tops Q1 EPS by 1c, Lowers FY EPS Guidance

L Brands, Inc. (NYSE: LB) reported Q1 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $2.39 billion versus the consensus estimate of $2.38 billion.

L Brands, Inc. sees FY2014 EPS of $3.00-$3.15, versus prior guidance of $3-$3.2 and the consensus of $3.24.

(The updated guidance reflects an estimated negative impact of about $0.10 to $0.12 related to the exit of certain non-core categories in the Victoria's Secret direct and beauty businesses to allow the brand to focus on faster growing, more profitable product lines.)

L Brands, Inc. sees Q2 2014 EPS of $0.57-$0.62, versus the consensus of $0.61.

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

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