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L Brands Q2FY15 operating income up 5%
23 Aug '14
2 min read
L Brands which markets well-known apparel and intimates brands like Victoria's Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, posted a hike of 5 percent, from a year earlier in its operating income for the second fiscal quarter ending August 2, 2014.
In the second fiscal quarter of 2014, operating rose 5 percent to $375.9 million compared to $357.8 million in the second fiscal quarter of 2013, while net income too increased to $188.4 million compared to $178.9 million last year.
L Brands reported net sales of $2.67 billion for the 13 weeks ended August 2, 2014, up 6 percent from $2.51 billion for the comparable quarter of 2013.
Comparable store sales increased 3 percent year-on-year for the 13 weeks ended August 2, 2014.
Earnings per share for the second fiscal quarter of 2014 stood at $0.63 compared to $0.61 for the quarter ended August 3, 2013.
For the third fiscal quarter of 2014, L Brands expects earnings per share to be between $0.26 to $0.31, and raised its full fiscal year earnings forecast to between $3.03 to $3.18 per share from ist earlier guidance of $3.00 to $3.15.
L Brands operates 2,942 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in about 600 additional franchised locations worldwide.
In the second fiscal quarter of 2014, operating rose 5 percent to $375.9 million compared to $357.8 million in the second fiscal quarter of 2013, while net income too increased to $188.4 million compared to $178.9 million last year.
L Brands reported net sales of $2.67 billion for the 13 weeks ended August 2, 2014, up 6 percent from $2.51 billion for the comparable quarter of 2013.
Comparable store sales increased 3 percent year-on-year for the 13 weeks ended August 2, 2014.
Earnings per share for the second fiscal quarter of 2014 stood at $0.63 compared to $0.61 for the quarter ended August 3, 2013.
For the third fiscal quarter of 2014, L Brands expects earnings per share to be between $0.26 to $0.31, and raised its full fiscal year earnings forecast to between $3.03 to $3.18 per share from ist earlier guidance of $3.00 to $3.15.
L Brands operates 2,942 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in about 600 additional franchised locations worldwide.
Fibre2fashion News Desk - India
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