Company Earnings Update 3 minutesRegister for Free AccessL 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? Register for a free user account. This document was generated for Other research you may be interested in: Analyst Corner—Looking Forward to 2025: Why Retail Media Excites Me, with Manik BhatiaSurprisingly Muted Fourth of July Build-Up: US Consumer Tracker 2023, Week 28Is China’s Stimulus Package Boosting Consumer Sentiment?: China Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2023, Week 50: VF Corporation Boosts US Openings
