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L Brands raises Q3 earnings outlook

Business |REPORT

L Brands raises Q3 earnings outlook

By Prachi Singh

3 Nov 2015

L Brands announced estimated October comparable store sales and raised guidance for third quarter earnings. October comparable store sales are expected to be up 5 percent.

The numbers include an expected 5 percent comp at Victoria’s Secret Stores, and 5 percent at Bath & Body Works. Total sales at Victoria’s Secret Direct, which are not included in comparable store sales, are estimated to be up about 7 percent.

The company now expects third quarter earnings per share between 0.51 dollar and 0.53 dollar, versus its previous guidance of 0.40 dollar to 0.45 dollarand last year’s result of 0.44 dollar. The company will provide final third quarter results and fourth quarter earnings guidance when it reports third quarter earnings on November 18, 2015.