Company Earnings UpdateL Brands (NYSE: LB) 1Q19 Results: Mixed Results, Focus on Improving Merchandise Assortment at Victoria’s Secret and PINK Coresight Research May 29, 2019 Executive Summary L Brands 1Q19 revenues were $2.63 billion, up 0.1% year over year and higher than the consensus estimate of $2.56 billion. The company reported 1Q19 adjusted EPS of $0.14, higher than the consensus estimate of $0.00 and higher than the company’s guidance of breakeven. Comparable sales were flat, compared to a 3% increase last year and above the consensus estimate of (1.3)%. The company raised its 2019 full-year earnings per share (EPS) guidance to $2.30-2.60, up from $2.20-2.60, compared to the consensus estimate of $2.37. The company expects second quarter earnings per share to be $0.15-0.20, compared to the consensus estimate of $0.23. The company raised its 2019 full-year EPS guidance to $2.30-2.60, up from $2.20-2.60, compared to the consensus estimate of $2.37. To view more research related to L Brands, click here. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Playbook: GenAI To Reinvent Supply ChainsThree Data Points We’re Watching This Week, Week 20: Cross-Border Players Don’t Prevent Amazon Reaching New Highs in ApparelAnalyst Corner: Chinese Consumers Still Embrace International Brands—If Those Brands Deliver: Three Key Findings from a New Study, with John HarmonInnovator Profile: Ethosphere—Turning Retail Sales-Floor Conversations Into Operational Insights
