Inside LB’s Results
The company reported net income of $564.8 million, or $1.89 per share, up from $489.6 million, or $1.65 per share, last year. On average, analysts expected to see EPS of $1.80.
Revenue rose 7% to $4.07 billion from $3.82 billion. Analysts expected to see revenue of $4.03 billion.
Looking ahead to the first quarter, the company expects to see EPS between 50 cents and 55 cents. Analysts expect to see EPS of 62 cents. For FY2015, the company expects earnings to be between $3.45 and $3.65 per share, while analysts are estimating $3.83 per in share.
Weak Outlook, but Management Is Optimistic
While the apparel retailer industry has been gloomy for many of LB’s competitors, LB has been a strong company with an improving dividend yield.
Mutual Funds to Watch
|VMCIX||Vanguard Mid Cap Index||1.55%|
|VTSMX||Vanguard Total Stock Market Index||1.46%|
The Bottom Line
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