L Brands Q2 net income declines, lowers earnings forecast

American multi-brand retailer L Brands said on Wednesday its Q2 revenue for 2018 increased by 8.3 percent, while net income declined by 28.8 percent from the same period last year. The company’s sales in Q2 2018 were 2.984 billion US dollars, up from 2.755 billion US dollars a year earlier. Net profit declined to 99 million US dollars compared to 138.9 million US dollars last year.