Home / Knowledge / News / Apparel/Garments / Q3FY15 earnings zoom 43% at L Brands
Q3FY15 earnings zoom 43% at L Brands
22
Nov '14
For the third fiscal quarter ended Nov. 1, 2014, earnings per share zoomed 43 per cent from a year earlier quarter at women’s apparel retailer, L Brands.

L Brands reported net income of $131.8 million or $0.44 per share in the period under review, up from $92.0 million or $0.31 per share for the year-ago quarter.

Earlier this month, L Brands had raised its third quarter of 2014 earnings forecast in a range of $0.38 to $0.40 per share as against its earlier outlook of $0.26 to $0.31 per share.

Consistent with its previous guidance and going forward, the women’s apparel retailer expects fourth quarter of 2014 earnings to be $1.61 to $1.71 per share.

The marketer of lingerie brand, Victoria’s Secret also raised earnings forecast for the full year to $3.21 to $3.31 a share, up from $3.03 to $3.18, which it had also upped earlier in August.

The full year outlook includes the previously announced estimated full-year negative impact of about $0.10 to $0.12 related to the exit of certain non-core categories in the Victoria's Secret direct and beauty businesses.

Net sales for the third quarter of 2014, however grew slower by 7 per cent to $2.32 billion from $2.17 billion in the prior year quarter.

Same-store sales for the quarter ascended 5 per cent, which includes 3 per cent at Victoria's Secret and 7 per cent at Bath & Body Works stores.

For the reporting quarter Victoria's Secret total sales rose to $1,452.3 million from $1,373.0 from a year ago period, while that for Bath & Body Works grew to $659.4 million from $606.7 million.

Costs of goods sold, buying and occupancy went up to $1,372.42 million in the third quarter of 2014 from $1,314.37 million in same quarter of previous year.

L Brands, through Victoria's Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, operates 2,971 company-owned stores in the US, the UK and Canada. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Hardik Sanghvi

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Anupam Arya

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search