=L Brands (LB) reported earnings on Wed 22 May 2019 (a/h)

L Brands beats by $0.14, beats on revs; guides Q2 EPS below consensus; raises low end of FY20 EPS, in-line

• Reports Q1 (Apr) earnings of $0.14 per share, $0.14 better than the S&P Capital IQ Consensus of ($0.00); revenues rose 0.1% year/year to $2.63 bln vs the $2.56 bln S&P Capital IQ Consensus. 
• The first quarter earnings per share result of $0.14 exceeded the company's guidance of about breakeven, driven by record results at Bath & Body Works
• Comparable sales for the first quarter ended May 4, 2019, were flat vs. -1.3% ests.
• First quarter comparable sales declined 5% at the Victoria's Secret segment and increased 13% at Bath & Body Works.
• Co issues downside guidance for Q2, sees EPS of $0.15-0.20 vs. $0.23 S&P Capital IQ Consensus.
• Co issues in-line guidance for FY20, sees EPS of $2.30-2.60 from $2.20-2.60 vs. $2.37 S&P Capital IQ Consensus.