S&P 500 component Limited Brands Inc. reported its results for the fourth quarter. Limited Brands is a specialty retailer of women’s apparel, beauty, and personal care products and accessories operating under various trade names.
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Limited Brands Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for the apparel store fell to $359.4 million ($1.17 per share) vs. $453 million ($1.36 per share) a year earlier. This is a decline of 20.7% from the year-earlier quarter.
Revenue: Rose 1.7% to $3.52 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Limited Brands Inc. reported adjusted net income of $1.50 per share. By that measure, the company beat the mean estimate of $1.46 per share. Analysts were expecting revenue of $3.48 billion.
Key Stats:
Last quarter’s profit decrease breaks a streak of four consecutive quarters of year-over-year profit increases. In the third quarter, net income rose 54.1% from the year earlier, while the figure increased 29.8% in the second quarter, 46% in the first quarter and 27.2% in the fourth quarter of the last fiscal year.
The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by one cent in the third quarter, by 2 cents in the second quarter, and by one cent in the first quarter.
Revenue has risen for the last four quarters. Revenue increased 9.6% to $2.17 billion in the third quarter. The figure rose 9.6% in the second quarter from the year earlier and climbed 14.8% in the first quarter from the year-ago quarter.
Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 45 cents a share. The average estimate for the fiscal year has seen a bump from $2.52 per share sixty days ago to $2.56.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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