L Brands Raises Full Year Forecast on Q2 Profit Gain

Transitional Look at L Brands' Victoria's Secret: Summer minis + whimsical fall sweatshirts

Transitional Look at L Brands’ Victoria’s Secret: Summer minis + whimsical fall sweatshirts

Columbus, OH—L Brands Inc. (formerly Limited Brands Inc.) reported a 25% increase in its second quarter profit thanks to sales increases at its Victoria’s Secret and Bath & Body Works stores.

For the quarter ended August 3, L Brands posted a net profit of $178.9 million, or 61 cents a share, compared with a net profit $143.6 million, or 49 cents a share, in the year-ago period. (Prior-year results included a penny-a-share charge tied to La Senza store closures). That was one penny better than the 48 cents a share analysts’ had expected.

Net revenue rose 5% to $2.52 billion, matching analysts’ predictions. Total comparable store sales increased 2%.

Raises Full Year Forecast

By division, comp sales at Victoria’s Secret were up 1% and up 3% at Bath & Body Works. Gross margin remained flat at 39.3%.

For its third quarter, L Brands forecast earnings between 23 cents to 28 cents a share, below analysts’ estimate for 29 cents a share.

For its full year forecast, L Brands, which also owns Pink, Henri Bendel and La Senza, predicted earnings of $3.06 to $3.21 a share, up from its previous forecast for $2.95 to $3.15 a share.

Still, the company’s increase remains below that of analysts who expect $3.21 a share.

 

For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.

Like this? Share it!