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L Brands, Inc. (LB)

  • Fri, Jun. 19, 8:06 AM
    • L Brands (NYSE:LB) announces a new $250M share repurchase program.
    • The authorization is a reset of an old buyback allowance which dwindled down to a $600K balance.
    | Fri, Jun. 19, 8:06 AM | Comment!
  • Thu, Jun. 11, 8:48 AM
    • Clothing stores showed some signs of life in May as tipped in today's Retail Sales report.
    • The category was up 1.5% M/M and 3.6% Y/Y to outpace total retail sales.
    • The improvement is consistent is with the reads from the narrow range of apparel chains which still report monthly sales.
    • The sector has seen discounters show stronger traffic trends than mall-based chains, although both groups have eased off promotional activity a bit.
    • Previously: Retail sales stronger-than-expected in May
    | Thu, Jun. 11, 8:48 AM | Comment!
  • Thu, Jun. 4, 10:26 AM
    • A healthy round of reports from retail chains and more firming up of the labor market has the retail sector ahead of market averages
    • Outperformers include Buckle (BKE +3.4%), Five Below (FIVE +7.3%), Abercrombie & Fitch (ANF +1.8%), L Brands (LB +1.8%), American Eagle Outfitters (AEO +2.2%), Citi Trends (CTRN +2.1%), Express (EXPR +1.4%), Urban Outfitters (URBN +1.6%), Wayfair (W +1.3%), and TravelCenters of America (TA +0.9%).
    • The S&P Retail ETF (NYSEARCA:XRT) is also positive on the day with most broad market averages in the red.
    | Thu, Jun. 4, 10:26 AM | Comment!
  • Thu, Jun. 4, 7:19 AM
    • L Brands (NYSE:LB) reports sales in May rose 5% to $799.1M.
    • Comparable-store sales were up 5% for the period.
    • The comp was steady at 5% at Victoria's Secret, Bath & Body Works, and L Brands.
    • L Brands ended the month with a store count of 2,969 as 16 openings were offset by 16 closings.
    | Thu, Jun. 4, 7:19 AM | Comment!
  • Tue, May 26, 9:35 AM
    • L Brands (LB +1%) perks up in early trading after Goldman Sachs adds the stock to its Conviction Buy list on its view shares are attractive at current levels.
    • GS has a price target of $106 on the retailer.
    • L Brands +2.2% YTD vs. +3.4% for the S&P Retail ETF
    | Tue, May 26, 9:35 AM | 1 Comment
  • Thu, May 21, 4:37 PM
    • L Brands (NYSE:LB) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.26%
    • Payable June 19; for shareholders of record June 5; ex-div June 3.
    | Thu, May 21, 4:37 PM | 3 Comments
  • Wed, May 20, 4:05 PM
    • L Brands (NYSE:LB): Q1 EPS of $0.61 beats by $0.01.
    • Revenue of $2.51B (+5.0% Y/Y) misses by $30M.
    • Shares -2.7%.
    • Press Release
    | Wed, May 20, 4:05 PM | Comment!
  • Tue, May 19, 5:35 PM
  • Thu, May 7, 11:37 AM
    • L Brands (NYSE:LB) announces comparable-store sales fell 1% in April.
    • The calendar shift of Easter impacted sales results by four full percentage points.
    • The comp for Victoria's Secret was flat during the month.
    • Total company sales were up 5% to $2.512B for the 13 weeks ending May 2.
    • L Brands lifts its view of Q1 EPS to $0.58-$0.60 from $0.50-$0.55.
    | Thu, May 7, 11:37 AM | Comment!
  • Wed, Apr. 15, 1:13 PM
    • Piper Jaffray corralled over 6K teenagers to take a pulse on the consumer spending trends of the demographic.
    • The group had a slightly higher rate of part-time employment than a year ago and continued to show a strong preference for online shopping.
    • Standouts brands with teenagers include Lululemon (NASDAQ:LULU), MAC Cosmetics (NYSE:EL), Victoria's Secret (NYSE:LB), Nike (NYSE:NKE), Ralph Lauren (NYSE:RL), Urban Outfitters (NASDAQ:URBN), privately-held Forever 21, and Michael Kors (NYSE:KORS).
    • Vineyard Vines continues to be a teen favorite as it slices off a larger piece of the teen spending pie. The privately-held company is up to 48 stores and 97 retail locations.
    • Department store chains didn't resonate particularly with the teenager crowd in the Piper survey.
    | Wed, Apr. 15, 1:13 PM | 5 Comments
  • Mon, Apr. 13, 12:10 PM
    • The New York attorney general's office is looking into a number of retail chains over the trend of on-call shifts, according to Reuters.
    • The companies are being asked to send information on their policies of last-minute scheduling changes for employee shifts and the costs saved from the disruptive practice.
    • Williams-Sonoma (WSM +1.1%), Urban Outfitters (URBN +0.7%), Burling Coat Factory (BURL +0.8%), L Brands (LB -0.2%), and TJX Companies(TJX +0.1%) are among the retailers in receipt of a letter from the New York AG requesting information.
    | Mon, Apr. 13, 12:10 PM | 2 Comments
  • Thu, Apr. 9, 7:09 AM
    • L Brands (NYSE:LB) reports comparable-store sales rose 9% in March.
    • The early timing of Easter was a positive factor the the company.
    • Victoria's Secret, Bath & Body Works, and L Brands all put up a 9% comp during the month.
    • The retail chain added a net 3 stores from January 31 to April 4 to end the period with 2,972 stores.
    | Thu, Apr. 9, 7:09 AM | Comment!
  • Mon, Apr. 6, 6:54 AM
    • Mizuho Securities upgrades L Brands (NYSE:LB) to a Buy rating from Neutral.
    • The investment firm lifts its price target to $108 from $92.
    • Merchandise margins have been on the rise at the specialty retailer.
    • Shares of LB are 7.93% higher YTD.
    | Mon, Apr. 6, 6:54 AM | Comment!
  • Tue, Mar. 24, 7:48 AM
    | Tue, Mar. 24, 7:48 AM | Comment!
  • Thu, Mar. 5, 11:46 AM
    • A strategic decision made by L Brands (LB +0.6%) on merchandise transport appears to be paying off.
    • The Columbus Dispatch noted that the company opted several years ago to ship by air in a move aimed at helping it adjust on the fly to fashion preference shifts.
    • Due to the strategy, L Brands has avoided many of the problems with winter and spring inventory linked to the port disruption on the West Coast.
    • Victoria's Secret CEO Sharen Turney on the issue: "We were fortunate that we bypassed all the west coast strikes because we made decisions to air everything."
    • L Brands has also caught a break recently with some global fast-fashion companies backing off of their aggressive U.S. expansion plans.
    • Previously: L Brands same-store sales: +6%
    • Previously: L Brands sales call: Margin improvement across brands
    • Earnings call transcript
    | Thu, Mar. 5, 11:46 AM | Comment!
  • Thu, Mar. 5, 8:07 AM
    • Shares of L Brands (NYSE:LB) are on watch after February same-store sales come in at +6% vs. +4.9% consensus estimate.
    • On a prerecorded sales call, management said merchandise margins were up across brands.
    • The Victoria's Secret comp was up 7%.
    • The transition to the spring collection is going well. No mention of a negative impact from the West Coast port issue.
    • An early Easter should have a meaningful impact on March comps, tip execs.
    • Previously: L Brands same-store sales: +6%
    | Thu, Mar. 5, 8:07 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