Lacklustre sales for L Brands

Published: 30-Jan-2014
Finance

Financial concern for Victoria\'s Secret owner


Hugely intense retail competition has seen L Brands (formerly Limited Brands) slash its earnings guidance for the fourth quarter. The owner of Victoria’s Secret said margins are down “significantly” due to promotions.

L Brands now expects fourth quarter earnings per share to come in at around the US$1.60 mark, compared to previous forecasts of between $1.67 and $1.82.

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