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LB - L Brands rallies 6% after boosting profit guidance
L Brands Inc.
L Brands (LB) increases its Q1 earnings guidance due to improved sales trends which the company believes are primarily driven by unusual shifts in consumer spending patterns, resulting from government stimulus payments, a relaxation of COVID-19 restrictions and other factors The retailer now sees Q1 EPS of $0.85 to $1.00 vs. $0.64 consensus. Shares of L Brands are up 6.01% premarket to $63.00. See all consensus estimates on L Brands.