L Brands, Inc. (LB) 10-K Annual Report March 2017

Earnings per share for the fourth quarter ended Jan. 28, 2017, were $2.18 compared to $2.15 for the quarter ended Jan. 30, 2016. Fourth quarter operating income decreased 8 percent to $987.6 million compared to $1.078 billion last year, and net income was $631.7 million compared to $636.0 million last year.

Reported results above include a favorable tax settlement of $41.7 million, or $0.14 per share. Excluding this item, adjusted net income decreased 7 percent to $590.0 million compared to $636.0 million last year, and adjusted earnings per share decreased 6 percent to $2.03 compared to $2.15 last year.

Net sales for the fourth quarter ended Jan. 28, 2017, were $4.489 billion, an increase of 2 percent compared to $4.395 billion for the quarter ended Jan. 30, 2016. Comparable sales for the fourth quarter ended Jan. 28, 2017, were flat. For the fourth quarter, the exit of the swim and apparel categories had a negative impact of 2 percentage points and 4 percentage points to total company and Victoria’s Secret comparable sales, respectively.

Full-Year Results

Earnings per share for the year ended Jan. 28, 2017, were $3.98 compared to $4.22 for the year ended Jan. 30, 2016. Full-year operating income was $2.003 billion compared to $2.192 billion last year, and net income was $1.158 billion compared to $1.253 billion last year.

The reported results above include certain significant items as detailed below:


•	In 2016:


•	A pre-tax gain of $108.3 million ($0.24 per share) related to a cash distribution from Easton Town Center;


•	A pre-tax charge of $35.8 million ($0.08 per share) related to the early extinguishment of the company’s July 2017 notes;


•	Pre-tax charges of $34.5 million ($0.07 per share) related to previously announced actions at Victoria’s Secret, including severance charges, fabric cancellations and the write-off of catalogue paper; and


•	A favorable tax settlement of $41.7 million ($0.14 per share)

VICTORIA'S SECRET / BATH & BODY WORKS / PINK / LA SENZA / HENRI BENDEL

Three Limited Parkway Columbus, OH 43230 www.LB.com

The following information was filed by L Brands, Inc. (LB) on Wednesday, February 22, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/701985/000070198517000022/lb128201710k.htm

View differences made from one year to another to evaluate L Brands, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by L Brands, Inc..

Continue

Assess how L Brands, Inc.'s management team is paid from their Annual Proxy

L Brands, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

L Brands, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.25: Employment Agreement

Exhibit 12: Computation Of Ratio Of Earnings To Fixed Charges

Exhibit 21: Subsidiaries Of The Registrant

Exhibit 23.1: Consent Of Ernst &Amp; Young Llp

Exhibit 24: Powers Of Attorney

Exhibit 31.1: Section 302 Certification Of Ceo

Exhibit 31.2: Section 302 Certification Of Cfo

Exhibit 32: Section 906 Certification Of Ceo And Cfo

Ticker: LB
CIK: 701985
Form Type: 10-K Annual Report
Accession Number: 0000701985-17-000022
Submitted to the SEC: Fri Mar 17 2017 5:04:06 PM EST
Accepted by the SEC: Fri Mar 17 2017
Period: Saturday, January 28, 2017
Industry: Retail Womens Clothing Stores