Net sales increase 7% in Q3 at L Brands

Earnings per share increased by a record 25 per cent for the quarter to $0.55 as compared to $0.44 in the corresponding quarter last year. Net income for the quarter was $164 million as compared to $131.8 million in the corresponding quarter last year.

Commenting on the results, Leslie Wexner, chairman and CEO of L Brands said, “We delivered record results in the third quarter. Our brands are differentiated and have a high emotional content. We are pleased with our month-to-date performance and we are well-positioned for the most significant part of our year which is in front of us.”

For the next quarter, the company expects the earnings per share to be between $1.85 and $1.95. It also raised its adjusted full-year earnings forecast to $3.69 to $3.79 per share from the previous forecast of $3.58 to $3.73, the release said. (MCJ)

ALCHEMPro News Desk — India