L Brands expected to report 4.85 billion dollars in quarterly sales
By Angela Gonzalez-Rodriguez
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New York - The market expects L Brands Inc (NYSE:LB) to report 4.85 billion dollars in sales for the current fiscal quarter.
Five analysts polled by Zacks have issued estimates for L Brands’ earnings. The multi-brand fashion conglomerate posted sales of 4.82 billion dollars during the same quarter last year, which suggests a positive year over year growth rate of 0.6 percent.
According to Zacks, analysts expect that L Brands will report full-year sales of 13.27 billion dollars for the current fiscal year. For the next financial year, analysts expect that the business will post sales of 13.43 billion dollars.
L Brands is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February, 27.