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L Brands swings to loss in Q3 2018

Nov 20, 2018 - Global Banking News
Board and Executive Moves

Operator of speciality stores Limited Brands Inc (NYSE: LB) on Monday reported net loss of USD42.8m, or USD0.16 per share, for the third quarter of 2018, ended 3 November 2018.

This was a decline over net income of USD86.0m, or EPS USD0.30, in Q3 2017.

Net sales for the quarter were USD2.775bn, up by 6% as compared with net sales of USD2.618bn in Q3 2017. Comparable sales for the quarter increased by 4%.

According to the company, the reported Q3 2018 results include pre-tax cha...