Company Earnings Update 3 minutesRegister for Free AccessL Brands (NYSE: LB) 4Q18 Results: Mixed Results, Victoria’s Secret to Close 53 Stores in 2019 Coresight Research March 1, 2019 Executive Summary L Brands 4Q18 revenues were $4.85 billion, up 0.6% year over year and lower than the consensus estimate of $4.91 billion. The company reported 4Q18 adjusted EPS of $2.14, higher than the consensus estimate of $2.08. Comparable sales increased 3% for the 13-week quarter. By brand, Victoria’s Secret comparable sales decreased 3% in the fourth quarter, compared to a 1% decrease in the fourth quarter in the year ago period. Bath & Body Works comparable sales for stores and direct sales increased 12% in the quarter, compared to a 6% increase in the year ago period. The company expects 2019 full-year earnings per share (EPS) to be $2.20-2.60, including breakeven EPS in 1Q19. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: China Retail Insights: Countdown to Singles’ Day 2024, One Month To Go—Major Platforms Seek To Boost Growth by Supporting MerchantsJuly 2023 US Housing Market Indicators: Third Consecutive Month of Strong Sales Growth for New HomesUS, UK, EU & China Quarterly Economic Update, 1Q23: Stronger Economic Indicators Lead to Higher Consumer Spending in the US and UKTrailblazerDX 2023: Keynote Address—Salesforce Jumps on the Generative AI Bandwagon with Einstein GPT
