L Brands, Inc. (LB) Q3 2018 Results - Earnings Call Transcript

Nov. 20, 2018 2:29 PM ETBath & Body Works, Inc. (BBWI)1 Comment
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L Brands, Inc. (LB)

Q3 2018 Earnings Conference Call

November 20, 2018, 09:00 AM ET

Executives

Stuart Burgdoerfer - EVP and CFO

Amie Preston - Chief IR Officer

Analysts

Alexandra Walvis - Goldman Sachs

Paul Lejuez - Citi

Ike Boruchow - Wells Fargo Securities

Drew North - Robert W. Baird

Susan Anderson - B. Riley FBR

Brian Tunick - RBC Capital Markets

Jamie Merriman - Bernstein

Kimberly Greenberger - Morgan Stanley

Paul Trussell - Deutsche Bank

Omar Saad - Evercore ISI

William Reuter - Bank of America Merrill Lynch

Ross Collins - Cowen and Company

Adrienne Yih-Tennant - Wolfe Research

Janet Kloppenburg - JJK Research

Operator

Good morning. My name is Heidi, and I will be your conference operator today. At this time, I would like to welcome everyone to the L Brands Third Quarter 2018 Earnings Conference Call.

I will now turn the call over to Ms. Amie Preston, Chief Investor Relations Officer for L Brands. Please go ahead.

Amie Preston

Thank you. Good morning, everyone, and welcome to L Brands' third quarter earnings conference call for the period ending Saturday, November 3, 2018.

As a matter of formality, I need to remind you that any forward-looking statements we may make today are subject to our Safe Harbor statements found in our SEC filings. Our third quarter earnings release, additional commentary, and earnings presentation are all available on our Web site, lb.com.

As you know, 2017 was a 53-week year. All of the sales dollars, margin and operating income results discussed on this call are on a reported basis for the quarter ending November 3, 2018 versus October 28, 2017. Comparable sales are on a comparable calendar period for the quarter ending November 3, 2018 versus 13-week period ended November 4, 2017.

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