L Brands: reduces EPS target range
(CercleFinance.com) - L Brands, the parent company of Victoria's Secret and Bath & Body Works, has cut its EPS target range full-year 2018, now only expecting between 2.
45 dollars and 2.70 dollars, against 2.70 dollars to 3 dollars previously.
The women's fashion house saw its EPS decline by one-third to 36 cents in Q2 (ended 4 August), although this still exceeded the consensus by one cent, for revenues that are close to 3 billion dollars, up 3% in comparable terms.
In addition, L Brands has said that the CEO of Pink at Victoria's Secret, Denise Landman, will be leaving the group at the end of the year and will then be replaced by Amy Hauk, who is currently the head of product development and merchandising at Bath & Body Works.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
45 dollars and 2.70 dollars, against 2.70 dollars to 3 dollars previously.
The women's fashion house saw its EPS decline by one-third to 36 cents in Q2 (ended 4 August), although this still exceeded the consensus by one cent, for revenues that are close to 3 billion dollars, up 3% in comparable terms.
In addition, L Brands has said that the CEO of Pink at Victoria's Secret, Denise Landman, will be leaving the group at the end of the year and will then be replaced by Amy Hauk, who is currently the head of product development and merchandising at Bath & Body Works.
Copyright (c) 2018 CercleFinance.com. All rights reserved.