L Brands Q4 Results Top Estimates; Outlook Weak

(RTTNews) - L Brands, Inc. (LB) reported net income for the fourth quarter of $564.8 million or $1.89 per share, compared to $489.6 million or $1.65 per share for the year-ago quarter.

Net sales for the fourth quarter rose 7% to $4.07 billion from $3.82 billion in the same quarter last year. Same-store sales for the quarter increased 6%.

Analysts polled by Thomson Reuters expected the company to earn $1.80 per share on revenue of $4.03 billion for the fourth quarter.

Looking forward, the company forecast earnings of $0.50 to $0.55 per share for the first quarter and $3.45 to $3.65 per share for the full year 2015. Analysts currently expect the company to earn $0.62 per share for the first quarter and $3.83 per share for the full year 2015.

The company expects to report February same-store sales to increase in the mid-single digit range.