Insight Report 3 minutes PremiumL Brands (LB) 2Q 2016 RESULTS: MANAGEMENT RAISES FULL-YEAR OUTLOOK AS 2Q RESULTS TOP ESTIMATES Coresight Research August 18, 2016 Executive Summary L Brands reported 2Q 2016 adjusted EPS of $0.70, up 3% and above the guidance it provided earlier in the month, which was at the high end of $0.50–$0.60 and versus the consensus of $0.57. Revenues were $2.89 billion, up 4.5% year over year and above the consensus estimate of $2.85 billion. Comps were up 3% and 1% for store-only, driven by Victoria’s Secret’s increase of 2% and Bath & Body Works’ increase of 5%. The company expects 3Q 2016 EPS to be $0.40–$0.45, versus consensus of $0.47. Management increased its full-year adjusted EPS guidance to $3.70–$3.85 from $3.60–$3.80 previously, and versus the consensus of $3.74. Expectations are for full-year comps to increase 1.3%, driven by Victoria’s Secret (+0.1%) and Bath & Body Works (+3.9%). This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Economic Sentiment Converges as Pessimism Eases: US Consumer Survey InsightsUS Back to School 2023: Top Categories and Apparel BrandsHoliday 2023: Early US Retail OutlookResearch Preview: Market Navigator—US Department Stores