L Brands (NYSE:LB) reported Q1 results.
Quarterly Results
Earnings per share rose 226.26% over the past year to $1.25, which beat the estimate of $0.98.
Revenue of $3,024,000,000 higher by 82.83% year over year, which beat the estimate of $2,890,000,000.
Guidance
Q2 EPS expected to be between $0.80 and $1.00.
Revenue guidance hasn’t been issued by the company for now.
Technicals
52-week high: $71.99
52-week low: $11.51
Price action over last quarter: Up 25.28%
Company Overview
L Brands is a women’s intimate, personal-care, and beauty retailer operating under the Victoria’s Secret, Pink, and Bath & Body Works brands. The company generates the majority of its business in North America, with about 5% of sales coming from international markets in fiscal 2020. Distribution channels include more than 2,600 stores and online, which represented about 35% of total sales in 2020. The company still plans to break Bath & Body Works into a stand-alone business, which we expect to be executed by August 2021.
