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%). Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Innovator Profile: Shopeaks—Transforming Social Media Monetization with Personalized StorefrontsInnovator Profile: Wayvee Analytics—Analyzing Customer Emotions to Boost Store and Shelf Performance2025 Tariffs: What Do US Consumers Think?—Proprietary Survey InsightsThree Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025
