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L Brands, Inc. (LB)

  • Wed, Nov. 18, 4:26 PM
    • L Brands (NYSE:LB) raises full-year EPS guidance to $3.69-$3.79 vs. $3.58-$3.73 prior and $3.79 consensus.
    • Q4 EPS guidance is set at $1.85-$1.95 vs. $1.98 consensus.
    • The company reported 7% comparable-store sales growth for both the Victorias Secret and L Brands businesses during the quarter. Sales totals were already disclosed as part of L Brands' monthly reporting.
    • Previously: L Brands beats by $0.03, revenue in-line (Nov. 18 2015)
    • LB -1.34% in after-hours trading to $91.00.
    | Wed, Nov. 18, 4:26 PM | 6 Comments
  • Wed, Nov. 18, 4:19 PM
    • L Brands (NYSE:LB): Q3 EPS of $0.55 beats by $0.03.
    • Revenue of $2.49B (+7.3% Y/Y) in-line.
    • Shares +1.9%.
    • Press Release
    | Wed, Nov. 18, 4:19 PM | Comment!
  • Tue, Nov. 17, 5:35 PM
  • Tue, Nov. 10, 8:31 PM
    • The headaches continue for a large part of the retail sector impacted by a slower pace of sales than anticipated this fall.
    • Warmer weather than normal have held back outerwear and winter clothing demand, while mall traffic continues to be underwhelming.
    • The high level of unsold inventory on shelves at retail chains is likely to lead to more promotions and discounts heading into the crucial Black Friday period, observes the WSJ. That trend could hurt manufacturers and sellers alike.
    | Tue, Nov. 10, 8:31 PM | 5 Comments
  • Mon, Nov. 9, 10:15 AM
    • Department store stocks are off to a rough start with earnings coming into focus this week. Macy's (M -5.5%), J.C. Penney (JCP -4.2%), Kohl's (KSS -4.9%), Dillard's (DDS -3.3%), and Nordstrom (JWN -3.9%) are all sharply lower.
    • Retailers Target (TGT -2.7%), Costco (COST -1.5%), TJX Companies (TJX -2.9%), The Children's Place (PLCE -4.8%), L Brands (LB -4.4%), and Wal-Mart (WMT -0.9%) are also below broad market averages with earnings reports due to roll in this week and next.
    • The S&P Retail ETF (NYSEARCA:XRT) is down a crisp 2.0%.
    | Mon, Nov. 9, 10:15 AM | 10 Comments
  • Fri, Nov. 6, 8:22 AM
    • L Brands (NYSE:LB) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.02%
    • Payable Dec. 4; for shareholders of record Nov. 20; ex-div Nov. 18.
    | Fri, Nov. 6, 8:22 AM | 1 Comment
  • Thu, Nov. 5, 8:14 AM
    • L Brands (NYSE:LB) reports comparable-store sales increased 5% in October.
    • Total sales were up 5% to $735.6M during the month.
    • YTD comparable-store sales through October 31 are up 5%.
    • YTD total sales are up 5% to $7.759B.
    • The company expects Q3 EPS of $0.51 to $0.53 vs. prior guidance of $0.40 to $0.44 and 40.51 consensus.
    | Thu, Nov. 5, 8:14 AM | 1 Comment
  • Mon, Nov. 2, 6:14 PM
    • L Brands' (NYSE:LB) October same-store sales are expected to be up 5% Y/Y, with Victoria's Secret and Bath & Body Works comps each rising 5%. Total Victoria's Secret Direct sales (not included in the same-store figure) are expected to be up 7%.
    • The company now expects Q3 EPS of $0.51-$0.53, above prior guidance of $0.40-$0.45 and a $0.48 consensus. Q3 results arrive on Nov. 18.
    • LB +1.4% after hours to $97.76. The 52-week high is $97.93.
    | Mon, Nov. 2, 6:14 PM | Comment!
  • Mon, Nov. 2, 11:37 AM
    • Yoga pants are knocking at the door of business offices, according to The Boston Globe
    • There's been a growing acceptance to count yoga pants as "business casual" at some workplaces. The trend could continue as younger managers take over.
    • The broader athleisure category generated sales of over $2B last year and is expected to grow at a double-digit clip this year.
    • Companies seen growing their presence in athleisure include Lululemon (NASDAQ:LULU), Gap (NYSE:GPS), Nike (NYSE:NKE), Target (NYSE:TGT), Dick's Sporting Goods (NYSE:DKS), Hanesbrands (NYSE:HBI), L Brands (NYSE:LB), Under Armour (NYSE:UA), and Kate Spade (NYSE:KATE). Other retailers such as Ann (NASDAQ:ASNA), New York & Companies (NYSE:NWY), and J.C. Penney (NYSE:JCP) are creating new brands in an effort to recapture lost business clothing sales from casual attire becoming more prominent.
    | Mon, Nov. 2, 11:37 AM | 31 Comments
  • Mon, Oct. 12, 10:49 AM
    • Cotton prices are expected to fall sharply this year and into 2016 due to a variety of market factors - including lower demand for yarn and a drop in polyester prices.
    • Companies with an eye on the level of cotton prices based on recent conference calls transcripts posted on SA include Hanesbrands (NYSE:HBI), Carter's (NYSE:CRI), Vera Bradley (NASDAQ:VRA), PVH Corp (NYSE:PVH), Williams-Sonoma (NYSE:WSM), Chico's FAS (NYSE:CHS), Express (NYSE:EXPR), L Brands (NYSE:LB), Gildan Activewear (NYSE:GIL), and The Children's Place (NASDAQ:PLCE),
    | Mon, Oct. 12, 10:49 AM | Comment!
  • Thu, Oct. 8, 10:20 AM
    • The apparel sector is out-gaining market averages as sentiment swings positive. There's been some analysis suggesting that apparel sellers will benefit from the Trans-Pacific Partnership on the cost side. Lower cotton and oil prices are also working in the favor of apparel companies, although hedging against the strong U.S. dollar is an ongoing risk.
    • On the manufacturing side: G-III Apparel (NASDAQ:GIII) +2.6%, Columbia Sportswear (NASDAQ:COLM) +2.1%, Michael Kors (NYSE:KORS) +1.8%, PVH Corp. (NYSE:PVH) +1.6%, Ralph Lauren (NYSE:RL) +1.4%.
    • On the chain store side: Cato (NYSE:CATO) +5.1%, Ascena Retail (NASDAQ:ASNA) +3.4%, American Eagle Outfitters (NYSE:AEO) +3.4%, Abercrombie & Fitch (NYSE:ANF) +3.1%, Francesca's Holdings (NASDAQ:FRAN) +2.6%, L Brands (NYSE:LB) +2.1%.
    | Thu, Oct. 8, 10:20 AM | 1 Comment
  • Thu, Oct. 8, 7:21 AM
    • L Brands (NYSE:LB) reports comparable-store sales shot up 9% in September.
    • Total sales increased 8% to $919.9M during the month.
    • YTD comparable-store sales through October 3 are up 5%.
    • YTD total sales are up 2% to $7.023B.
    • The company says it expects Q3 EPS of $0.18-$0.22 vs. $0.12-$0.16 prior guidance.
    | Thu, Oct. 8, 7:21 AM | Comment!
  • Thu, Sep. 17, 7:30 AM
    • MKM Partners upgrades TJX Companies (NYSE:TJX) to a Buy rating after having the retailer set at Neutral.
    • Gap (NYSE:GPS) and L Brands (NYSE:LB) were started off by MKM with Buy ratings.
    • The investment firm initiated coverage on Express (NYSE:EXPR) and Chico's FAS (NYSE:CHS) at Neutral.
    • On a broad scale, U.S. retail sales have held steady over the last six months with no slips into negative territory.
    | Thu, Sep. 17, 7:30 AM | Comment!
  • Fri, Sep. 11, 2:31 PM
    • L Brands (LB +0.7%) says it will phase out "on-call scheduling" at Victoria's Secret stores and Bath and Body Works outlets.
    • The practice of scheduling employee's hours base on algorithms and sudden needs has faced scrutiny in the retail sector.
    | Fri, Sep. 11, 2:31 PM | Comment!
  • Fri, Sep. 4, 10:11 AM
    • L Brands (LB +0.1%) rode a strong month for Victoria's Secret to a rousing 6% comp in August which easily topped the 2% decline at Gap (GPS -2.2%). Gap execs pointed to the late Labor Day weekend as a factor in the tail-off, although L Brands said the magnitude of the calendar effect was only one or two percentage points.
    • On a pre-recorded sales call, L Brands CIO Amy Preston noted sales gains were paced by bras and the Pink brand. She said the company expects another positive comp for September.
    • Retail analysts have noted that L Brands has put out a strong back-to-school assortment.
    | Fri, Sep. 4, 10:11 AM | Comment!
  • Thu, Sep. 3, 7:08 AM
    • L Brands (NYSE:LB) reports same-store sales increased 6% in August.
    • Total sales were up 8% to $765.3M during the month.
    | Thu, Sep. 3, 7:08 AM | Comment!
Company Description
L Brands Inc formerly known as Limited Brands, Inc., operates as a specialty retailer of women's intimate and other apparel, beauty & personal care products and accessories under various trade names.
Sector: Services
Industry: Apparel Stores
Country: United States