LONDON, March 24, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings notes on L Brands Inc. (NYSE: LB). On February 25, 2015, the company reported its financial results for Q4 FY14 and full-year FY14 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=L%20Brands&d=24-Mar-2015&s=LB to read our free earnings review on L Brands Inc. (L Brands). For Q4 FY14 and FY14, the company's net sales increased 7.0% Y-o-Y and 6% Y-o-Y, respectively. Moreover, L Brands' net income grew 15% Y-o-Y during both Q4 FY14 and full-year FY14. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=L%20Brands&d=24-Mar-2015&s=LB
Earnings Overview
During Q4 FY14, L Brands' net sales increased to $4.07 billion from $3.82 billion in Q4 FY13. The company's Q4 FY14 net sales came in line with Bloomberg analysts' forecasts of $4.07 billion. Victoria's Secret's total company-owned store sales (including the U.S. and Canada) increased to $1.91 billion in Q4 FY14, compared to $1.80 billion in Q4 FY13. Bath & Body Works' total company-owned store sales (including the U.S. and Canada) stood at $1.28 billion in the reported quarter, compared to $1.18 billion in Q4 FY13. Furthermore, comparable store sales for Q4 FY14 increased 6% versus positive 1% in Q4 FY13. Free research on LB can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=L%20Brands&d=24-Mar-2015&s=LB
In Q4 FY14, L Brands' operating income increased 11% to $956.95 million from $863.46 million in Q4 FY13. The company's net income stood at $564.81 million, or $1.89 per diluted share, in Q4 FY14, compared to $489.62 million, or $1.65 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected Q4 FY14 net income of $538.56 million, or $1.80 per diluted share.
For FY14, L Brands reported net sales of $11.45 billion, compared to $10.77 billion in FY13. The company's FY14 net sales came in line with Bloomberg analysts' forecasts of $11.45 billion. Victoria's Secret's total company-owned store sales (including the U.S. and Canada) was $5.70 billion in FY14, compared to $5.37 billion in FY13. The company's Bath & Body Works total company-owned store sales (including the U.S. and Canada) rose to $3.05 billion in FY14 from $2.87 billion in FY13. Moreover, comparable store sales were positive 4% in FY14 as opposed to positive 2% in FY13.
L Brands' FY14 operating income increased 12% to $1.95 billion from $1.74 billion in FY13. The company's net income increased to $1.04 billion, or $3.50 per diluted share, in FY14 from $903.02 million, or $3.05 per diluted share, in FY13. Analysts from Bloomberg had expected FY14 net income of $1.02 billion, or $3.41 per diluted share. Sign up and read the free analyst's notes on LB at:
http://get.Investor-Edge.com/pdf/?c=L%20Brands&d=24-Mar-2015&s=LB
Chairman and CEO of L Brands, Leslie H. Wexner, stated that the company focused on the execution of fundamentals in the business in 2014, and it continued to get better throughout the year. She added that she is optimistic heading into FY15, as with great brands, with talented associates at every level, the Company is well-positioned and have significant opportunities for growth.
For Q1 FY15, L Brands expects earnings per share (EPS) to be between $0.50 and $0.55. Further, the company anticipates EPS to range between $3.45 and $3.65 for full-year FY15. During February 2015, L Brands also anticipates comparable store sales to increase in the mid-single digit range.
Stock Performance
On the day following the earnings release, February 26, 2015, L Brands' stock edged 0.53% lower to end the session at $91.98. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Monday, March 23, 2015, the company's shares finished 0.02% higher at $93.42, reaching a 52-week high of $94.48. A total of 1.26 million shares were traded which was below their three months average volume of 1.72 million shares. Over the last one month and over the previous three months, the company's shares have gained 2.03% and 12.26%, respectively. Additionally, the stock has rallied 62.86% in the past one year. Shares in L Brands are trading above their 50-day and 200-day moving averages of $88.06 and $72.18, respectively. Furthermore, the stock traded at a PE ratio of 26.77 and has a Relative Strength Index (RSI) of 62.11. Visit Investor-Edge and access the latest research on LB at:
http://get.Investor-Edge.com/pdf/?c=L%20Brands&d=24-Mar-2015&s=LB
Sneak Peek to Corporate Insider Trading
In the last one month, L Brands has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on LB is available at:
http://get.Investor-Edge.com/pdf/?c=L%20Brands&d=24-Mar-2015&s=LB
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article