COLUMBUS, Ohio — L Brands Inc. on Wednesday reported fiscal fourth-quarter profit of $664.1 million.
The Columbus, Ohio-based company said it had profit of $2.33 per share. Earnings, adjusted for pretax gains, came to $2.11 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $4.82 billion in the period, which matched Street forecasts.
For the year, the company reported profit of $983 million, or $3.42 per share. Revenue was reported as $12.63 billion.
L Brands expects full-year earnings to be $2.95 to $3.25 per share.
L Brands shares have declined 18 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1.5 percent. In the final minutes of trading on Wednesday, shares hit $49.34, a decrease of 6 percent in the last 12 months.