Victoria's Secret owner L Brands (LB) - Get L Brands, Inc. (LB) Report saw its shares fall Thursday after the retailer missed earnings expectations and issued guidance well below what Wall Street was expecting.

The stock dropped 6.39% to $25.65 a share in premarket trading Thursday. 

L Brands' earnings per share for the fourth quarter were $1.94, down significantly from $2.33 in the year-ago period, and missed Wall Street estimates of $2.07. Net sales were $4.85 billion, missing analysts' estimates of $4.88 billion. Same-store-sales declined 3% year over year. 

Victoria's Secret, the company's flagship brand, saw same-store sales decline 3%, while Bath & Body Works was a bright spot, with same-store sales up 12%. Bath & Body Works has been that bright spot for the company for a few years, seeing consistent sales growth in the high single digits to low double digits, in percentage terms, in the past two years. Victoria's Secret sales growth has been markedly weak in the past few years, as the brand has struggled to stay current with fashion trends. 

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Management said full year 2019 EPS is expected to be between $2.20 and $2.60, easily missing analysts' expectations for $2.71. 

L Brands stock has fallen 72% from its all-time high of about $97 a share, which it hit in November of 2015.