Home / Knowledge / News / Apparel/Garments / Q3FY15 earnings zoom 43% at L Brands
Q3FY15 earnings zoom 43% at L Brands
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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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