Yahoo Finance L Brands’ Earnings Beat Consensus Estimates
L Brands Reported Strong Earnings in Fiscal 3Q15
Fiscal 3Q15 earnings
L Brands (LB)(XRT) reported its earnings on November 18, 2015. The results were a positive surprise for Wall Street. Wall Street expected high double-digit growth in its earnings. This was priced into the stock price. When the company’s adjusted EPS (earnings per share) surprised Wall Street by 4.1%, the stock price rose by 2.1% on the day of the earnings.
Stock performance
L Brands had a very good run at Wall Street in the past year. The stock rose by 20.40% in the trailing one-year period as of November 19, 2015. The stock beat the broad market index S&P 500 (SPX). It also beat the SPDR S&P Retail ETF (XRT). This can be considered a proxy for the US consumer discretionary sector by quite a margin. L Brands’ peers like Ross Stores (ROST), Gap (GPS), and TJX Companies (TJX) returned 22.1%, -33.6%, and 10.4%, respectively.
About L Brands
L Brands is a prominent apparel-based specialty retailer in the US. It includes brands like Victoria’s Secret, Bath & Body Works, La Senza, and Henri Bendel. It’s a specialty retailer in women’s intimate and other apparel, personal care, and beauty products. The company mainly operates through its retail stores in the US, Canada, and the United Kingdom. L Brands is also present in more than 70 countries through its partner locations and online retail.
In the next part, we’ll a look at L Brands’ fundamental performance in fiscal 3Q15.
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