(Corrects day in paragraph 1)
(Reuters) – Victoria’s Secret-owner L Brands Inc on Friday raised its first-quarter earnings forecast, boosted by government stimulus payments and relaxation of pandemic-led restrictions on movement.
The company now expects an adjusted profit of $0.85 to $1.00 per share, compared with its previous forecast of $0.55 to $0.65.
(This story corrects day in paragraph 1)
(Reporting by Mehr Bedi in Bengaluru; Editing by Maju Samuel)
Read the original article on Business Insider
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