L Brands, Inc. (LB) - NYSE
  • Yesterday, 11:09 AM
    • Apparel store stocks are off and running today on some broad strength.
    • The sector has seen more buying action of late after hitting a prolonged rough patch. A couple of solid reports on June sales from key retailers and some calming down of the recent civil unrest has contributed to improved outlook.
    • Notable gainers include Gap (GPS +3.5%), Nordstrom (JWN +3.3%), L Brands (LB +2.9%), Urban Outfitters (URBN +2.8%), Macy's (M +2.3%), Kohl's(KSS +1.7%), Francesca's Holdings (FRAN +1.5%), Chico's FAS (CHS +2.1%), Tailored Brands (TLRD +1.5%), and DSW (DSW +1.8%).
    | Yesterday, 11:09 AM | 1 Comment
  • Fri, Jul. 8, 10:04 AM
    • Apparel stocks are ahead of broad market averages after Gap's GPS report on June sales came in ahead of expectations.
    • It's the first time Gap has recorded a positive month for comp sales since March of 2015.
    • Notable advancers include Stage Stores (SSI +7%), Tailored Brands (TLRD +3.7%), New York & Company (NWY +2.6%), Boot Barn (BOOT +4%), L Brands (LB +3.4%), and Christopher & Banks (CBK +4.6%).
    • Previously: Gap higher after sales at Old Navy pick up (July 7)
    | Fri, Jul. 8, 10:04 AM | 1 Comment
  • Thu, Jul. 7, 9:03 AM
    • Shares of L Brands (NYSE:LB) are having a volatile premarket session after the company updated on June sales.
    • While the company smashed estimates with its impressive +6% comp, it's how the sales were achieved that's posing a problem to investors. L Brands' CIO said on the sales call that a high level of clearance sales at Victoria's Secret and broad semi-annual promotions occurred during June in a development that caused merchandise margins to drop significantly to below expectations. The company expects July comparable-store sales to be flat to down in the low single-digits with some sales pulled forward. The overall read from the month is that there could be a negative impact to EPS from the high mix of clearance sales.
    • Previously: L Brands June same-store sales: +6% (July 7)
    • LB is -1.40% premarket to $67.51.
    • Source: L Brands prerecorded sales call (866-639-7583)
    | Thu, Jul. 7, 9:03 AM | 3 Comments
  • Thu, Jul. 7, 7:20 AM
    • L Brands (NYSE:LB) reports comparable-store sales increased 6% in June. The comp was split between a 6% rise for the Victoria's Secret and L Brands businesses and 7% for Bath & Body Works.
    • Total sales were up 7% to $1.296B during the month.
    • The company ended the month with 3,045 stores in operation, compared to 3,005 a year ago.
    | Thu, Jul. 7, 7:20 AM | 7 Comments
  • Tue, Jun. 28, 12:59 PM
    • L Brands (LB -0.1%) is downgraded to Underperform from Neutral with a $57 price target, cut from $74, at BofA Merrill Lynch, which cites the erosion of stable sales trends by broader economic weakness, challenges at its Victoria's Secret brand, and the increased popularity of the less-expensive bralette.
    • Besides other strategic changes at Victoria's Secret, the firm calculates that LB's exit from swim and its direct apparel business will result in a ~$525M revenue decline, which cannot be sufficiently replaced with a focus on athletic apparel and by selling more bras.
    • The firm sees "significant risk" to earnings estimates, particularly in H1 2017 as LB suffers from the exit of key businesses, and expects the resumption of growth only by 2018.
    | Tue, Jun. 28, 12:59 PM | 6 Comments
  • Tue, Jun. 14, 7:06 AM
    • L Brands (NYSE:LB)  announces today that its previously announced offering of $700M aggregate principal amount of unsecured senior notes due 2036 priced at 100% of the aggregate principal amount with a coupon of 6.750%.
    • The company intends to use proceeds from the offering to help redeem its outstanding 6.900% notes due 2017 and for general corporate purposes
    • L Brands closed at $67.27 yesterday vs. a 52-week range of $60.00 to $101.11.
    • Source: Press Release
    | Tue, Jun. 14, 7:06 AM | 7 Comments
  • Thu, Jun. 2, 8:56 AM
    • L Brands (NYSE:LB) trades higher after the company issued some positive commentary on a sales conference call.
    • The retailer forecast a low single-digit gain in same-store sales for June due in part to a calendar effect that pushed part of the Memorial Day weekend into the next month.
    • L Brands also disclosed that it anticipates Q1 EPS will fall in the top end of its guidance range of $0.50 to $0.55.
    • Previously: L Brands updates on May sales (June 2)
    • LB +2.03% premarket to $69.80.
    | Thu, Jun. 2, 8:56 AM | 2 Comments
  • Thu, Jun. 2, 7:39 AM
    • L Brands (NYSE:LB) reports sales rose 2% to $816.6M in May.
    • Same-store sales were flat for the month. Bath & Body Works was the only brand to deliver a positive comp for the month with a 3% gain.
    • Sales for the 17 weeks ending on May 31 were up 4% to $3.43B.
    | Thu, Jun. 2, 7:39 AM | 2 Comments
  • Fri, May 27, 7:53 AM
    • A strong Q1 report from Big Lots (NYSE:BIG) adds more confirmation that pockets of strength exist in retail at the right price points. After a rough start to the retail earnings season, Wal-Mart (NYSE:WMT) surprised last week on the upside and the dollar stores had their say yesterday
    • Big Lots is already up 16% YTD, while Dollar General (NYSE:DG) is 22% higher and Dollar Tree (NASDAQ:DLTR) has gained 14%. Compares those audacious returns to the YTD slides of former mall chain standouts such as Gap (NYSE:GPS) -27%, L Brands (NYSE:LB) -30%, and Macy's (NYSE:M) -10% which are more in the direct line of fire of Amazon.
    • In an interesting twist, it turns out those thrifty millennials who are MIA at malls are behind some of the strength in the discounter sector.
    • Dollar General CEO Todd Vasos tipped on the company's earnings call (transcript) yesterday that millennials make up 12% of traffic and 24% of sales -marks that may have caught a few analysts by surprise.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, CNDF
    | Fri, May 27, 7:53 AM | 18 Comments
  • Fri, May 20, 10:13 AM
    • L Brands (NYSE:LB) declares $0.60/share quarterly dividend, in line with previous.
    • Forward yield 3.84%
    • Payable June 17; for shareholders of record June 3; ex-div June 1.
    | Fri, May 20, 10:13 AM | 3 Comments
  • Fri, May 20, 10:11 AM
    • Look for L Brands (NYSE:LB) to pop up on some dividend screens after the company increased its dividend payout rate by 20% earlier today.
    • The bump on top of L Brands' 20% decline in share price gives new buyers a 3.84% yield.
    • Other apparel chains with dividend yields suddenly looking a bit attractive to investors who think the worse may be over for the retail sector are Gap (NYSE:GPS) at 5.32%, Guess (NYSE:GES) at 5.30%, and Nordstrom (NYSE:JWN) at 3.99%.
    • Tailored Brands (NYSE:TLRD) is ahead of the whole apparel chain pack with a 5.70% yield for new buyers.
    • Previously: L Brands Inc declares $0.60 dividend (May 20)
    | Fri, May 20, 10:11 AM | 5 Comments
  • Thu, May 19, 3:46 PM
    • L Brands (LB -4.5%) hires former Nike exec and Spanx CEO Jan Singer as the new chief of the Victoria's Secret business.
    • Victoria's Secret is undergoing a streamlining process that includes dropping a large number of swimsuit and other apparel products to get back to focusing on core products.
    • Comparable sales were up 2% for VS in Q1.
    • Previously: L Brands down 3.9% as it trims full-year outlook (May 18)
    | Thu, May 19, 3:46 PM | 7 Comments
  • Thu, May 19, 9:18 AM
    | Thu, May 19, 9:18 AM
  • Wed, May 18, 5:04 PM
    • L Brands (NYSE:LB) is off 3.9% after hours as its Q1 profits beat expectations but the company cut its EPS outlook.
    • Guidance for full-year earnings was cut to $3.60-$3.80/share from a previous forecast of $3.90-$4.10. That's well short of consensus for $4.03 EPS. L Brands said its May comparable sales should be down low- to mid-single-digits compared to a year ago.
    • EPS beat expectations but fell to $0.59 from a year-ago $0.61. It had taken pretax charges of $34.5M (about $0.07/share) tied to severance charges, fabric cancellations and write-off of catalog paper at Victoria's Secret.
    • Revenue by brand: Victoria's Secret, $1.74B (up 3.4%); Bath & Body Works, $660.2M (up 7.6%); VS & BBW International, $95.2M (up 4%).
    • In Victoria's Secret, direct sales (as compared with stores) came to $359.7M (up 6.3%); Bath & Body Works Direct sales increased 24% to $73.5M.
    • Conference call to come tomorrow at 9:15 a.m. ET.
    • Press Release
    | Wed, May 18, 5:04 PM | 12 Comments
  • Wed, May 18, 4:32 PM
    • L Brands (NYSE:LB): Q1 EPS of $0.59 beats by $0.04.
    • Revenue of $2.62B (+4.4% Y/Y) in-line.
    • Shares -0.05%.
    • Press Release
    | Wed, May 18, 4:32 PM | 2 Comments
  • Tue, May 17, 5:35 PM
    | Tue, May 17, 5:35 PM | 1 Comment
Company Description
L Brands, Inc. engages in the retail business. The company focused on women’s intimate and other apparel, personal care and beauty categories. It sells products through company-owned retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through... More
Sector: Services
Industry: Apparel Stores
Country: United States