L Brands Inc., formerly Limited Brands, outperformed profit expectations in the third quarter despite gross margin compression. In the three months ended Nov. 2, the Columbus, Ohio-based operator of Victoria’s Secret, Bath & Body Works and La Senza generated net income of $92 million, or 31 cents a diluted share, 25.4 percent higher than the $73.4 million, or 25 cents, registered in the 2012 period.
The EPS result was higher than the 28-cent profit expected, on average, by Wall Street analysts and also superior to the company’s updated guidance of Nov. 7, when it said it expected to be at the “high end” of its previous forecast for earnings of between 23 and 28 cents a share.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"