Company Earnings UpdateL Brands (NYSE: LB) 2Q19: Victoria’s Secret Still a Drag on Earnings but Early Read on Swim is Positive Coresight Research August 22, 2019 Executive Summary L Brands 2Q19 revenues were $2.90 billion, down 2.8% year over year and lower than the consensus estimate of $2.95 billion. The company reported 2Q19 adjusted earnings per share (EPS) of $0.24, higher than the consensus estimate of $0.20 and lower than the year ago period. Comparable sales were down 1% compared to a 3% increase last year and below theconsensus estimate of a 0.2% rise. The company issued EPS 3Q19 guidance of ($0.05)-$0.05 compared to the consensus estimate of $0.08. The company expects 3Q19 comps to be down low single digits to up slightly and full year comps to be up low single digits. The company reiterated adjusted full-year EPS guidance of $2.30-2.60 compared to the consensus estimate of $2.46. 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: US Retail and Logistics Holiday Hiring Hits Lowest Level in Over a Decade—Data GraphicAugust 2025 US Retail Sales: Growth Normalizes as July’s Promotional Boost FadesThe Impacts of US Tariffs: Assessing Companies’ International Sourcing Exposure by CountryInnovator Profile: SocialQ AI—AI-powered social media strategy and content management platform
