Shoppers pass in front of a Victoria’s Secret store at a mall in San Diego, California, April 22, 2021.
Bing Guan | Bloomberg | Getty Images
Victoria’s Secret parent L Brands on Wednesday reported first-quarter earnings and sales that topped analysts’ estimates, driven by momentum across its business and more people paying full price for its products.
Its stock was recently down more than 1% in extended trading.
Here’s how the company did for the quarter ended May 1, compared with what analysts were anticipating, based on a Refinitiv survey:
- Earnings per share: $1.25 adjusted vs. $1.21 expected
- Revenue: $3.02 billion vs. $3.01 billion expected
Net income rose to $276.6 million, or 97 cents per…