Mizuho Securities Downgrades L Brands (LB) to Neutral
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L Brands Reports Estimated October Comp and Updates Third Quarter Earnings Guidance in Advance of Investor Update Meeting
October 31, 2016 4:39 PM EDTCOLUMBUS, Ohio, Oct. 31, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported estimated October comparable sales and updated guidance for third quarter earnings. The company is making this updated information available in advance of its Investor Update Meeting on Nov. 1.
October comparable sales are expected to be up 1 percent, including an expected -2 percent comp at Victorias Secret, and 6 percent at Bath & Body Works.Â
The company now expects third quarter earnings per share to be about $0.40, versus its previous guidance of $0.40 to $0.45 and... More
