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L Brands’ revenue falls shy of analysts’ estimates in the fourth quarter.

by souhaib
February 24, 2021
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L Brands Inc. (NYSE: LB) said on Wednesday that its sales in the fiscal fourth quarter fell shy of analysts’ estimates. The company, however, earned more than what analysts had anticipated in Q4, on the back of better-than-expected Victoria’s Secret and Bath & Body Works’ sales.  

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L Brands shares were reported about 5% up in extended trading on Wednesday. The stock now has a per-share price of £38.26 versus a low of £6.49 per share in the last week of March 2020 due to the COVID-19 disruptions. If you want to invest in the stock market online, you will need a reliable stockbroker – here’s a list of the top few to make selection easier for you.  

L Brands’ Q4 financial results versus analysts’ estimates


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L Brands said that its earnings in the fourth quarter printed at £608.22 million, that translates to £2.14 per share. In the same quarter last year, its earnings were capped at a much lower £377.66 million, or £1.33 per share.

Adjusted for non-recurring items, the American fashion retailer earned £2.45 per share versus the year-ago figure of £1.62 per share. At £3.41 billion, L Brands’ sales in the recent quarter jumped 2% on a year over year basis.

According to FactSet, experts had forecast the company to report £3.46 billion of sales in Q4. Their estimate for adjusted per-share earnings stood at a lower £2.06. In the prior quarter (Q3), L Brands had topped Wall Street estimates, as per the report published in November.

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L Brands says it had £2.76 billion of cash at the end of 2020

The Columbus-based company said it had £2.76 billion of cash at the end of 2020. L Brands said:

“We remain committed to reducing debt. We are evaluating our go-forward capital structure, including the best approach to reduce debt.”

L Brands’ earnings report comes only a day after the American financial services company, Square Inc. published its quarterly financial report.

As per the retailer, it successfully completed negotiations with many of its landlords in Q4, most of whom agreed to rent relief amidst the ongoing COVID-19 crisis that has so far infected more than 28 million people in the United States and caused over half a million deaths.

L Brands performed largely upbeat in the stock market last year with an annual gain of roughly 100%. At the time of writing, the American fashion retailer is valued at £10.16 billion.



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