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L Brands, Inc.  (LB)
Other Ticker:  
    Sector  Retail    Industry Retail Apparel


Significant EPS Decline, Revenues Down

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L Brands, Inc announced first quarter 2017 operating income of $209 millions, company raises it's earnings guidance.

For the first quarter 2017 L Brands, Inc income dropped by -36.54 % of $0.33 per share compare to $0.52 a year ago and eps dropped by -84.79 % from $2.17 per share from the previous quarter.

Sales declined by -6.77 % to $2.44 billions from $2.61 billions in the same quarter a year ago and sequentially Sales Tumbled by -45.71 % from $4.49 billions.

Sales fell at Victorias Secret Direct -3.4%, Bath or Body Works -8.67%, Other -16.44%, while revenue growth was achieved at Victorias Secret Stores +5.43%, Victorias Secret +3.5%.
Profits improved in following segments: Other 626.21%. Net income of $94 millions in the first quarter 2017 fell by -38.16 % from $152 millions in the corresponding period a year before. Looking further into first quarter 2017 L Brands, Inc's profitability, operating margin mitigated to 8.58%, and net margin shrank to 3.86%. Company said it sees now it's eps between $3.58 and $3.73, an improvement by $0.06 compare to previous guidance.

Analysing further company's results, an astounding rise of 765.38% in La Senza Stores to 1,575.00 thousands explains the first quarter 2017 performance.
Other gains in Victorias Secret Square feet 4.26 %, were worth mentioning.
While following indicators decreased: Bath & Body Works Square feet down -2.2 %, Victorias Secret Stores down -0.27 %.
While following 6 indicators decreased catastrofaly: Bath & Body Works Sales per Avg. Square foot -38.49 %, Bath & Body Works Sales per Avg. Store -19.2 %, Bath & Body Works Stores -91.83 %. Worst was: Bath & Body Works Stores.
Other LB's Earnings Reports

L Brands reported forth quarter 2016 earnings

L Brands reported third quarter 2016 earnings

L Brands reported second quarter 2016 earnings

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