Company Earnings UpdateL Brands (LB) 4Q16 Results: Beats Expectations, Comps Flat Coresight Research February 23, 2017 Executive Summary L Brands reported 4Q16 revenue of $4.5 billion, up 2.2% from last year’s $4.4 billion and beating the consensus estimate of $4.4 billion. Adjusted EPS was $2.03, beating the consensus estimate of $1.90. Total comps declined 9% for the quarter. Victoria’s Secret comps declined by 14% versus a 2% increase in the year-ago period, while Bath & Body Works comps increased by 2%, versus a 6% increase in the year-ago quarter. The company raised its FY17 guidance for EPS to $3.10–$3.40 from $3.05–$3.35 versus the $3.22 consensus estimate. L Brands expects 2Q17 EPS of $0.40–$0.45, slightly below the $0.46 consensus estimate. 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: CEO Brief: Tech for Tariffs—Four Technologies (and Services) That Can Raise Revenues and Margins Now to Offset Tariff PainKering and L’Oréal Announce €4 Billion Strategic Partnership—Multibrand Luxury and Beauty Firms Playing To Their StrengthsUS Black Friday 2025: Early Read—Early-Morning Footfall Points to a Selective Return of the Black Friday Store EnergyThree Data Points We’re Watching This Week, Week 30: US Retail and the Consumer—Latest Metrics
