Retail

L Brands (LB) Q1 2021 earnings beat

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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…



Source cnbc.com

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