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L Brands, Inc (LB) has reported 0.67 percent fall in profit for the quarter ended Jan. 28, 2017. The company has earned $631.74 million, or $2.18 a share in the quarter, compared with $636.02 million, or $2.15 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $590 million, or $2.03 a share compared with $636.02 million or $2.15 a share, a year ago. Revenue during the quarter went up marginally by 2.15 percent to $4,489.48 million from $4,395.04 million in the previous year period. Gross margin for the quarter contracted 226 basis points over the previous year period to 43.30 percent. Total expenses were 78 percent of quarterly revenues, up from 75.47 percent for the same period last year. That has resulted in a contraction of 253 basis points in operating margin to 22 percent.
Operating income for the quarter was $987.55 million, compared with $1,077.98 million in the previous year period.
However, the adjusted operating income for the quarter stood at $987.55 million compared to $1,077.98 million in the prior year period. At the same time, adjusted operating margin contracted 253 basis points in the quarter to 22 percent from 24.53 percent in the last year period.
For the first-quarter 2017, The company expects diluted earnings per share to be in the range of $0.20 to $0.25 .
For fiscal year 2017, , the company expects diluted earnings per share to be in the range of $3.05 to $3.35.
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