COLUMBUS, Ohio, Nov. 15, 2017 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE:LB) today appear 2017 third division results.
Third Division ResultsEarnings per allotment for the third division concluded Oct. 28, 2017, decreased 29 percent to $0.30 compared to $0.42 for the division concluded Oct. 29, 2016. Third division operating assets decreased 18 percent to $231.7 actor compared to $283.6 actor aftermost year, and net assets was $86.0 actor compared to $121.6 actor aftermost year.
The aggregation appear net sales of $2.618 billion for the third division concluded Oct. 28, 2017, an access of 1 percent, compared to net sales of $2.581 billion for the division concluded Oct. 29, 2016. Commensurable sales decreased 1 percent for the third division concluded Oct. 28, 2017. For the third division concluded Oct. 28, 2017, the avenue of the bathe and accoutrement categories had a abrogating appulse of about 2 allotment credibility to both absolute aggregation and Victoria’s Secret commensurable sales.
Fourth Division 2017 OutlookThe aggregation declared that it expects 2017 fourth division balance per allotment to be $1.95 to $2.10, or $3.05 to $3.20 for the abounding year 2017.
Earnings Alarm InformationL Brands will conduct its third division balance alarm at 9:00 a.m. Eastern on Nov. 16. To listen, alarm 1-866-363-4673; appointment ID 21218228 (international dial-in number: 1-973-200-3978; appointment ID 21218228). For an audio replay, alarm 1-855-859-2056; appointment ID 21218228 (international epitomize number: 1-404-537-3406; appointment ID 21218228) or log onto www.LB.com. Added third division banking advice is additionally accessible at www.LB.com.
ABOUT L BRANDS:L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an all-embracing company. The aggregation operates 3,087 company-owned specialty food in the United States, Canada, the United Kingdom and Greater China, and its brands are awash in added than 800 added franchised locations worldwide. The company’s articles are additionally accessible online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
Safe Harbor Statement Beneath the Private Securities Litigation Reform Act of 1995We attention that any advanced statements (as such appellation is authentic in the Private Securities Litigation Reform Act of 1995) absolute in this columnist absolution or the third division balance alarm or fabricated by our aggregation or our administration absorb risks and uncertainties and are accountable to change based on assorted factors, abounding of which are above our control. Accordingly, our approaching achievement and banking after-effects may alter materially from those bidding or adumbrated in any such advanced statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any agnate expressions may analyze advanced statements. Risks associated with the afterward factors, amid others, in some cases accept afflicted and in the approaching could affect our banking achievement and absolute after-effects and could account absolute after-effects to alter materially from those bidding or adumbrated in any advanced statements included in this columnist absolution or the third division balance alarm or contrarily fabricated by our aggregation or our management:
We are not beneath any obligation and do not intend to accomplish about accessible any amend or added revisions to any of the advanced statements absolute in this columnist absolution or the third division balance alarm to reflect affairs absolute afterwards the date of this columnist absolution or to reflect the accident of approaching contest alike if acquaintance or approaching contest accomplish it bright that any accustomed after-effects bidding or adumbrated by those advanced statements will not be realized. Added advice apropos these and added factors can be begin in Item 1A. Risk Factors in our 2016 Anniversary Address on Form 10-K.
For added information, amuse contact: L Brands:Investor Relations Amie Preston (614) 415-6704 [email protected]
Media RelationsTammy Roberts Myers(614) [email protected]
L BRANDSTHIRD QUARTER 2017
Comparable Sales Access (Decrease) (Stores and Direct):
1 – After-effects accommodate company-owned food in the U.S. and Canada and absolute sales.2 – After-effects accommodate company-owned food in the U.S., Canada, the U.K. and Greater China and absolute sales.
Comparable Sales Access (Decrease) (Stores Only):
1 – After-effects accommodate company-owned food in the U.S. and Canada.2 – After-effects accommodate company-owned food in the U.S., Canada, the U.K. and Greater China.
Total Sales (Millions):
1 – After-effects accommodate company-owned food in the U.S. and Canada.2 – After-effects accommodate retail sales from company-owned food alfresco of the U.S. and Canada, royalties associated with franchised food and broad sales.
Total Company-Owned Stores:
Total Noncompany-Owned Stores:
L BRANDS, INC. AND SUBSIDIARIESNOTES TO RECONCILIATION OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES(Unaudited)
The “Adjusted Banking Information” provided in the absorbed reflects the afterward non-GAAP banking measures:
In the first, added and third abode of 2017, there were no adjustments to results.
In the third division of 2016, there were no adjustments to results.
In the added division of 2016, adapted after-effects exclude the following:
In the aboriginal division of 2016, adapted after-effects exclude the following:
The Adapted Banking Advice should not be construed as an another to the appear after-effects bent in accordance with about accustomed accounting principles. Further, the Company’s analogue of adapted assets advice may alter from analogously blue-blooded measures acclimated by added companies. Administration believes that the presentation of adapted banking advice provides added advice to investors to facilitate the allegory of accomplished and present operations. While it is not accessible to adumbrate approaching results, administration believes the adapted advice is advantageous for the appraisal of the advancing operations of the Aggregation because the adapted items are not apocalyptic of our advancing operations due to their admeasurement and nature. Additionally, administration uses adapted banking advice as key achievement measures of after-effects of operations for the purpose of evaluating achievement internally. The Adapted Banking Advice should be apprehend in affiliation with the Company’s actual banking statements and addendum thereto absolute in the Company’s anniversary letters on Form 10-Q and anniversary address on Form 10-K.
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