L Brands Inc., formerly known as Limited Brands Inc., posted a 14.4 percent increase in first-quarter net income, which helped it top Wall Street’s projections Wednesday afternoon.
The company, which operates Victoria’s Secret, Bath & Body Works, La Senza and Henri Bendel, said profit for the period ended May 4 totaled $142.5 million, or 48 cents a diluted share. This compared with year-ago profit of $124.6 million, or 41 cents a share.
Net sales for the quarter rose 5.3 percent to $2.27 billion from $2.15 billion a year earlier.
Wall Street anticipated earnings per share of 46 cents on sales of $2.26 billion.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)