L Brands Q3 Profit Jumps 25.3% on Higher Sales

victoria's secretColumbus, OH—Limited Brands Inc. reported Wednesday afternoon that its third quarter profit rose 25.3% beating estimates as sales increased. But the parent of Victoria’s Secret gave a more modest forecast.

For the quarter ended Nov. 2, L Brands (formerly Limited Brands) posted net income of $92 million or 31 cents a share compared with $73.4 million, or 25 cents a share, in the same quarter last year.

Net sales rose 6% to $2.17 billion while total comparable store sales rose 3%.

Analysts’ average estimate anticipated earnings of 28 cents a share on revenue of $2.17 billion.

By retail division, sales at Victoria’s Secret Stores and Victoria’s Secret Beauty increased 5% to $1,058.5 million; comp sales were up 4%. Victoria’s Secret Direct sales fell 1% to $268.9 million. Total Victoria’s Secret sales grew 4% to $1,327.4 million. Bath & Body Works, The White Barn Candle Co.’s total sales increased 5% to $566.6 million, with a 3% increase in comps. Comps at La Senza rose 3%, but sales fell 9% to $75.1 million.

Gross profit for the quarter grew 3% to $856.7 million, whereas gross margin contracted 130 basis points to 39.5%. Operating income advanced 7% to $211 million, while operating margin expanded 10 basis points to 9.7%.

Looking forward, L Brands forecasted earnings of $1.67 to $1.82 a share. Analysts’ consensus expects $1.83 a share  (The fourth quarter projection includes incremental interest expense of about 2 cents a share related to the $500 million notes issued in October, which was not included in the company’s previous forecast.)

L Brands raised its full year earnings outlook to $3.07 to $3.22 a share from its prior outlook of $3.06 and $3.21 a share. Analysts’ forecast $3.19 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!