L Brands Lifts Q3 EPS Guidance, Expects Oct Comps To Rise In Low-single Digit

(RTTNews) - Women's apparel retailer L Brands Inc (LB) Monday lifted its earnings outlook for the third quarter, now expecting it to be in the range of $0.38 to $0.40 per share, from prior range of $0.26 to $0.31 per share.

Analysts polled by Thomson Reuters currently expect earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Also the company expects October comparable store sales to be up low-single digit, in line with expectations, including an expected flat comp at Victoria's Secret Stores, and 5% at Bath & Body Works.

Total sales at Victoria's Secret Direct, which are not included in comparable store sales, are estimated to be down about 7%, driven by the exit of non-go-forward apparel merchandise, the company said.

The company will report third-quarter earnings on November 19.