Categories AlphaGraphs, Earnings, Retail

L Brands drops after reporting weak guidance despite Q4 earnings beat

L Brands (LB) reported adjusted earnings of $2.14 per share on revenue of $4.85 billion for the fourth quarter. Comparable sales for the fourth quarter ended Feb. 2, 2019, increased 3% year-over-year. Shares of L Brands are down about 9% during the extended trading hours on weak outlook.

Analysts had expected the company to earn $2.07 per share on revenue of $4.88 billion for the recently ended quarter. On a GAAP basis, Q4 earnings per share stood at $1.94 compared to $2.33 in the prior-year period.

L Brands (LB) Q4 2018 earnings infograph

The Columbus, Ohio-based retailer expects full-year 2019 earnings per share to be between $2.20 and $2.60, including approximately breakeven earnings per share result in the first quarter of 2019.

As expected, Bath & Body Works has been the top-performing segment like in the recent quarters with a sales growth of 9% and comp sales growth of 12%. However, Victoria’s Secret segment continued its poor performance with a sales decline of 5% and comp sales drop of 3% for the recently ended quarter.

The company had declared a regular quarterly dividend of $0.30 per share payable on March 8, 2019, to shareholders of record at the close of business on February 22, 2019.

Before the market opened today, retailer TJX Companies (TJX) reported strong comp store sales for its fourth quarter of 2019 and the stock gained 3.7% at the end of the regular trading session.

LB stock, which ended today’s trading session down 0.29% at $27.40, had appreciated 7% since the beginning of 2019, while it declined 43% in the past 12 months period.

 

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

 

 

Most Popular

FDX Earnings: All you need to know about FedEx’s Q1 2022 earnings results

FedEx Corporation (NYSE: FDX) reported first-quarter 2022 earnings results today. Total revenues increased to $22 billion from $19.3 billion in the same period a year ago. The company reported a

Adobe reports 22% spike in Q3 revenue: Infographic

Adobe Inc (NASDAQ: ADBE) reported third-quarter 2021 financial results after the regular market hours on Tuesday. The software giant reported Q3 revenue of $3.94 billion, up 22% year-over-year and higher

Starbucks (SBUX) Stock: Should you invest in the coffee giant now?

The restaurant and food service industry is struggling to regain momentum after being hit hard by the pandemic. Restauranteurs are currently busy adapting to the changed operating conditions, shifting focus

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top