A customer carries a shopping bag while exiting a Victoria's Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018.on Wednesday reported fourth-quarter earnings that topped analysts' estimates, but sales fell short due to weakness at its lingerie brand.
Although the retailer isn't offering an outlook for the full year, due to the uncertainty around the pandemic and the pending separation of its Victoria's Secret brand from Bath & Body Works, it provided an upbeat outlook for the first quarter, saying it's building on the momentum it saw over the holidays.Here's how the company did during its fourth quarter ended Jan. 30 compared with what analysts were expecting, based on Refinitiv data:L Brands posted net income of $860.
Net sales grew to $4.82 billion from $4.71 billion a year ago. That was short of the $4.87 billion expected by analysts.L Brands is set to hold a conference call with analysts Thursday morning to discuss the latest results. L Brands shares are up 119% over the past 12 months, as of Wednesday's market close. It has a market cap of $14.36 billion.