L Brands Profit In Line; Q3 Outlook Weak, Again Lifts FY Guidance

(RTTNews) - Women's apparel retailer L Brands Inc (LB) on Wednesday reported second-quarter net earnings of $202.5 million or $0.68 per share compared with $188.4 million or $0.63 per share last year.

On average, 32 analysts polled by Thomson Reuters estimated earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

L Brands, the operator of Victoria's Secret and Bath & Body Works chains, said its sales for the quarter rose to $2.77 billion from $2.68 billion in the prior year.

Thirty analysts had a consensus sales estimate of $2.80 billion for the quarter.

Comparable store sales for the quarter were up 4 percent, the company said.

For the third quarter, L Brands expects earnings of $0.40 to $0.45 per share, while analysts expect $0.48 per share.

For the full year 2015, the company now projects earnings of $3.58 to $3.73 per share, from prior guidance of $3.50 to $3.70 per share. Analysts expect earnings of $3.73 per share.