L Brands Inc. late Wednesday reported a robust pickup in second-quarter earnings that just beat Wall Street’s expectations.
During the three months ended Aug. 3, the company, formerly known as Limited Brands Inc., registered a 24.5 percent increase in net income to $178.9 million, or 61 cents a diluted share, from $143.6 million, or 49 cents, in the year-ago period. On average, analysts had expected earnings per share of 60 cents.
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?"