Apparel, accessories and footwear industry players L Brands Inc. (LB) and The Buckle Inc. (BKE) reported first-quarter earning this week. Amid the greater turmoil plaguing the retail industry, analysts were not expecting anything stellar from the companies, which both posted weak comparable sales in the recent period.

L Brands

Columbus, Ohio-based American fashion retailer L Brands posted earnings after market close on Wednesday that beat the Street’s estimates for the seventh consecutive quarter. The owner of Victoria’s Secret and Bath & Body Works has seen its shares gain about 3% as of Wednesday afternoon.

For the quarter ended April 29, adjusted earnings down 44.1% over last year to $0.33 per share surpassed analysts’ forecasts for $0.29. Revenue declined 7% to $2.44 billion, surpassing estimates for $2.4 billion. Comparable sales declined 9%, as the firm continues efforts to streamline its struggling Victoria’s Secret business. Despite shrinking profits and sales, investors were pleased with improved guidance for the current period. Management foresees Q2 EPS of $0.43 at the midpoint and full year EPS of $3.25.

Trading at a price of $49.86, shares of L Brands reflect an approximate 24.3% decline year to date (YTD) and a 19% loss over the 12-month period. (See also: Analysts Bearish on L Brands as Shares Rise.)

Buckle

Shares of Kearney, Neb.-based Buckle are trading up about 3.3% on Thursday afternoon at a price of $17.35 per share. The “high-quality, on-trend fashion company” reported Q1 results before the opening bell, in which top line and bottom line numbers beat the consensus. After disappointed the Street over the past four consecutive periods, shares have declined 21.4% since the beginning of 2017 and 18.4% over the 12-month period.

The teen-clothing retailer posted income of $0.34 per share on revenue down 12.8% year over year (YOY) to $212.3 million in the recent quarter. The Street had forecast EPS of $0.33 on sales of $209.9 million. Along with earnings, the company announced the planned retirement of Chief Financial Officer Karen B. Rhoads, who also served as senior VP of finance. (See also: Apparel Leaders Fail to Please Investors in Q1.)

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