Company Earnings Update 2 minutesRegister for Free AccessL Brands (LB) 1Q17 Results: Beats on EPS Despite Victoria’s Secret’s Sales Slump Coresight Research May 18, 2017 Executive Summary L Brands reported 1Q17 adjusted EPS of $0.33, down 44.1% from the year-ago quarter, but above the $0.29 consensus estimate. Total revenues were $2.44 billion versus expectations of $2.46 billion, and were down 6.8% year over year. Total comps declined by 9% for the quarter. Victoria’s Secret comps declined by 14% versus a 2% increase in the year-ago period. Bath & Body Works comps increased by 2% versus a 6% increase in the year-ago quarter. The company raised its FY17 EPS guidance to $3.10–$3.40 from $3.05–$3.35, citing a lower tax rate; consensus calls for full-year EPS of $3.22. L Brands expects 2Q17 EPS of $0.40–$0.45, slightly below the $0.46 consensus estimate. The company expects May comps to decrease by mid- to high-single digits. 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: Earnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales DeclineWeinswig’s Weekly: Retailers Would Be Well Served To Explore the Power of Generative AI NowUS Apparel and Beauty Spending Tracker, April 2023: Clothing, Footwear and Beauty Spending Growth Eases FurtherEarnings Insights 1Q24, Week 1: L’Oréal and Skechers Report Positive Sales Growth, Columbia Sportswear and Levi’s Post Sales Declines