Home / Knowledge / News / Apparel/Garments / L Brands decreases 2016 full-year EPS guidance
L Brands decreases 2016 full-year EPS guidance
19
May '16
Courtesy: L Brands
Courtesy: L Brands
Victoria's Secret's parent company, L Brands reduced its earnings per share (EPS) guidance for full-year 2016 to $3.60-$3.80 from $3.90-$4.10 attributed to a fall in EPS during first quarter of the year ended April 30, 2016.

Reported EPS for Q1 of the year ended April 30, 2016 was $0.52 as compared to $0.84 in the previous quarter, a fall of 38.09 per cent.

Net income reduced by 39.17 per cent to $152.3 million this quarter as compared to $250.4 million previously.

This was despite an increase of 4.05 per cent in net sales during the quarter to $2,613.81 million as compared to $2,511.93 million in the prior quarter.

L Brands issued a guidance of $0.50-$0.60 EPS for the second quarter of the year. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search