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L Brands Reports Q4 2019 Results, Updates Q4 Earnings Guidance

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L Brands is down 3% in Q4 2019 net sales compared to Q4 2018 net sales.

L Brands has released its holiday 2019 sales and has updated its Q4 earnings guidance.

Related: L Brands Reports Q3 2019 Results

For Q4 2019, L Brands reported net sales of $3.906 billion, compared to net sales of $4.072 billion in Q4 2018. This marks a 3% sales decrease year-over-year.

The company also reported net sales of $12.113 billion for the 2019 fiscal year, compared to net sales of $12.457 billion for the 2018 fiscal year. This marks a 2% sales decrease year-over-year.

L Brands expects to report Q4 earnings per share of ~$1.85 compared to its previous guidance of ~$2 per share.