NEW YORK (
The parent company of brands such as Victoria's Secret and Bath and Body Works raised its earnings guidance for the quarter to a range between 51 cents per share and 53 cents per share, up from a prior range between 40 cents per share and 45 cents per share.
Last year, the company reported earnings of 44 cents per share for the 2014 third quarter.
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L Brands estimates that October comparable store sales increased by 5% year over year, down from a 9% increase in September and 6% increase in August.
The company is scheduled to report its third quarter financial results on November 18.
Separately, TheStreet Ratings team rates L BRANDS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their...