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L Brands Releases Comps Figures, Updates Guidance

  • L Brands Inc LB says its Q3 earnings will come in around $0.40 per share, at the low end of its previous guidance of $0.40-$0.45 per share. The Street was modeling EPS of $0.46.
  • Management says October comparable sales will be up 1 percent, as a 2 percent decline in Victoria’s Secret will be offset by a 6 percent surge at Bath & Body Works.
  • Investor Update Meeting will be held on Tuesday.
  • Shares of L Brands were trading down more than 5.1 percent in Monday’s after-hours session.

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