Free Post Earnings Research Report: L Brands’ Quarterly Sales Rose 7%; Adjusted EPS Grew 4%

Stock Monitor: Citi Trends Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 13, 2018 / Active-Investors.com has just released a free earnings report on L Brands, Inc. (NYSE: LB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LB. L Brands reported its fourth quarter and fiscal 2017 operating and financial results on February 28, 2018. The retailer's earnings beat market estimates, while sales were in-line with expectations. Additionally, the Company provided earnings guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Citi Trends, Inc. (NASDAQ: CTRN), which also belongs to the Services sector as the Company L Brands. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, L Brands most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

L Brands' net sales were $4.82 billion for the 14-week fourth quarter ended February 03, 2018, compared to $4.49 billion for the 13 weeks ended January 28, 2017. The Company's comparable sales for the reported quarter grew 2% on a y-o-y basis. The extra week in FY17 represented approximately $160 million in sales. L Brands' reported numbers were in-line with analysts' estimates of $4.82 billion.

During Q4 2017, L Brands reported operating income of $986.6 million compared to $987.6 million in Q4 2016.

For Q4 2017, L Brands reported net income of $664.07 million, or $2.33 per diluted share, compared to $631.75 million, or $2.18 per diluted share, for Q4 2016. The extra week in 2017 represented approximately $0.10 per share. The Company's reported quarter results included a net benefit of $0.22 per share, comprising of a pre-tax charge of $45.0 million, or $0.10 per share, related to a loss on the early extinguishment of debt, and a tax benefit of $92.2 million, or $0.32 per share, related to new US tax legislation. L Brands' Q4 2016 results included a favorable tax settlement of $41.7 million, or $0.14 per share.

L Brands' adjusted net income totaled $600.6 million, or $2.11 per share, for Q4 2017 compared to $590.0 million, or $2.03 per diluted share, for Q4 2016. The Company's earnings beat Wall Street's estimates of $2.04 per share.

L Brands' net sales were $12.63 billion for the 53-week year ended February 03, 2018, compared to $12.57 billion for the 52 weeks ended January 28, 2017. The Company's comparable sales for FY17 fell 3% on a y-o-y basis. For FY17, L Brands' exit of the swim and apparel categories had a negative impact of about 3 % to total Company.

For FY17, L Brands reported net income of $983.0 million. or $3.42 per diluted share, including $0.10 related to the extra week, compared to earnings of $1.16 billion. or $3.98 per diluted share. for FY16. Excluding significant items, L Brands' adjusted earnings totaled $919.5 million, or $3.20 per diluted share, compared to earnings of $1.09 billion or $3.74 per diluted share, in FY16.

2018 Outlook

For the full year 2018, L Brands is forecasting earnings in the range of $2.95 and $3.25 per share, including earnings of $0.15 and $0.20 per share in the first quarter 2018. The Company's forecast reflects the benefit of a lower tax rate due to tax reform legislation and an incremental investment in wages and benefits, principally for hourly associates, of approximately $100 million.

Stock Performance Snapshot

April 12, 2018 - At Thursday's closing bell, L Brands' stock declined 4.59%, ending the trading session at $36.17.

Volume traded for the day: 8.74 million shares, which was above the 3-month average volume of 4.45 million shares.

After yesterday's close, L Brands' market cap was at $10.35 billion.

Price to Earnings (P/E) ratio was at 11.57.

The stock has a dividend yield of 6.64%.

The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was up 0.6% at the end of the session.

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