L Brands beats Street with strong Q3 profit

Columbus, Ohio – L Brands Inc. beat Wall Street projections with net income of $131.8 million during the third quarter of fiscal 2014, up 43% from $91.99 million the same period the prior fiscal year. A boost in pretax income helped drive L Brands’ impressive profit growth.



Net sales rose 7% to $2.32 billion from $2.17 billion, and same-store sales increased 5%.

The company stated that it expects 2014 fourth quarter earnings per share to be $1.61 to $1.71, which is consistent with its previous guidance. The company raised its full-year earnings forecast to $3.21 to $3.31 per share from $3.03 to $3.18 previously.