Easter Shift Hurts L Brands’ April Results, But It Raises Q1 Guidance

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Although the shift in Easter timing moved a bulk of L Brands’ growth from April to March, overall Q1 fiscal 2015 growth remained unaffected. In fact, the company has raised its Q1 guidance after reporting its April sales results. For the three month period ended April, the company’s net sales increased 5% to $2.5 billion, driven by 5% growth in comparable sales. L Brands now expects to report first quarter earnings per share of $0.58-$0.60, up from its previous guidance of $0.50-$0.55.

Vía Forbes Real Time http://ift.tt/1EKwaR1