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L Brands Matches Street 2Q Forecasts

L Brands Inc. on Wednesday reported fiscal second-quarter profit of $202.5 million.

Associated Press

19 August 2015

COLUMBUS, United States — L Brands Inc. on Wednesday reported fiscal second-quarter profit of $202.5 million.

The Columbus, Ohio-based company said it had profit of 68 cents per share.

The results met Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was also for earnings of 68 cents per share.

The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.77 billion in the period, which also matched Street forecasts.

L Brands expects full-year earnings to be $3.58 to $3.73 per share.

L Brands shares have declined 6 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. In the final minutes of trading on Wednesday, shares hit $81.18, an increase of 28 percent in the last 12 months.

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Columbus, United States

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