L Brands (LB) Tops Q1 EPS by 1c; Bumps Outlook
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L Brands Reports Record First Quarter Adjusted Earnings
May 20, 2015 4:04 PM EDTCOLUMBUS, Ohio, May 20, 2015 /PRNewswire/ -- L Brands, Inc. (NYSE: LB) today reported first quarter earnings results.
Adjusted earnings per share for the first quarter ended May 2, 2015, which exclude a $78.1 million ($0.23 per share) pre-tax gain on the sale of the company's remaining interest in the third-party apparel sourcing business, increased 15 percent to $0.61 compared to $0.53 for the quarter ended May 3, 2014. First quarter operating income increased 11 percent to $371.8 million compared to $336.1 million last year, and adjusted net income was $181.5 million compared to $157.0 million last year.
Including the gain from the sale of the... More
