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L Brands, Inc. (LB)

- NYSE
  • Aug. 26, 2014, 1:48 PM
    | Aug. 26, 2014, 1:48 PM | 1 Comment
  • Aug. 21, 2014, 10:46 AM
    • Yoga apparel sales grew 45% last year while participation in yoga the sport was only up 4.5%, according to industry tracking.
    • The disparity indicates the impressive momentum built up by the athleisure category is beyond just a fad.
    • Barclays forecasts that the broader retail athletic apparel market will grow by around 50% to exceed $100B by 2020.
    • The trend is positive for early adopters Lululemon (NASDAQ:LULU), Under Armour (NYSE:UA), Gap (NYSE:GPS), Nike (NYSE:NKE) - while a host of other retailers (LB, DKS, TJX, TGT) and department store chains (KS, BONT, DDS, M, JCP) say they will try to carve out space in the athleisure market for themselves.
    • On tap: Designers have their eyes on creating more men's lines and hybrid yoga-business outfits that will fly in the C-suite.
    | Aug. 21, 2014, 10:46 AM | 15 Comments
  • Aug. 20, 2014, 5:29 PM
    • L Brands (NYSE:LB) +0.8% AH after posting slightly better than expected Q2 earnings and revenues, as the company continues to be a relative bright spot in a retail industry facing a steep and persistent drop in store traffic
    • Q2 sales excluding newly opened or closed locations rose 3% Y/Y; by brand, same-store sales rose 3% at Victoria's Secret and gained the same amount at Bath & Body Works.
    • Raises its FY 2014 outlook, now seeing EPS of $3.03-$3.18 vs. its prior forecast of $3.00-$3.15, and forecasts Q3 EPS of $0.26-$0.31 vs. analyst consensus estimate of $0.30.
    • Gross margin weakened slightly to 39% from 39.3%.
    | Aug. 20, 2014, 5:29 PM | Comment!
  • Aug. 20, 2014, 4:31 PM
    • L Brands (NYSE:LB): Q2 EPS of $0.63 beats by $0.01.
    • Revenue of $2.68B (+6.3% Y/Y) beats by $30M.
    • Press Release
    | Aug. 20, 2014, 4:31 PM | Comment!
  • Aug. 19, 2014, 5:35 PM
  • Aug. 13, 2014, 8:38 AM
    • A warning from typically-resilient Macy's (NYSE:M) on consumer spending could send a chill into the retail sector.
    • CEO Terry Lundgren says that many of the department store's customers aren't feeling comfortable about spending more in an "uncertain" economic environment.
    • That analysis from a sector bellwether indicates a crowding out effect could be in play as consumers spend freely on housing, automobiles, and travel.
    • On watch: KSS, JWN, DDS, JCP, BONT, LB, TLYS, CACH.
    • Consumer discretionary-focused ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD
    | Aug. 13, 2014, 8:38 AM | 7 Comments
  • Aug. 8, 2014, 12:08 PM
    • L Brands (NYSE:LB) declares $0.34/share quarterly dividend, in line with previous.
    • Forward yield 2.24%
    • Payable Sept. 5; for shareholders of record Aug. 22; ex-div Aug. 20.
    | Aug. 8, 2014, 12:08 PM | Comment!
  • Aug. 7, 2014, 8:31 AM
    • L Brands (NYSE:LB) July same-store sales: +6.0%.
    • Total sales +8.0% to $735.3M.
    • Press Release
    | Aug. 7, 2014, 8:31 AM | Comment!
  • Jul. 31, 2014, 10:35 AM
    • Victoria's Secret (NYSE:LB) loses a trademark case in London over its Pink brand.
    • A judge rules the Thomas Pink shirt brand could be hurt by the similarity of the names despite the vastly different target customer types.
    | Jul. 31, 2014, 10:35 AM | Comment!
  • Jul. 10, 2014, 7:32 AM
    • L Brands (LB) saw comparable-store growth at Victoria Secret outpace its other brands during June.
    • Comp growth: Victoria's Secret +3%, Bath & Body Works +1%, L Brands +2%, Victoria's Secret Direct Sales +6%.
    • Store count +13 to 2,936 for the period from February 1 to July 5.
    | Jul. 10, 2014, 7:32 AM | Comment!
  • Jul. 10, 2014, 7:09 AM
    • L Brands (LB) June same-store sales: +2%.
    • Total Sales +7% Y/Y to $1.18B.
    • Press Release
    | Jul. 10, 2014, 7:09 AM | Comment!
  • Jun. 25, 2014, 10:25 AM
    • "Highly socially engaged brands tend to deliver sustained and superior financial returns as content co-creation provides improved ad spend leverage," says Piper's Stephanie Wissink, following her team's Instagram analysis.
    • Best-positioned from an engagement-rank perspective according to Piper: Michael Kors (KORS +1.1%), Abercrombie & Fitch (ANF +0.1%), Urban Outfitters (URBN -0.7%), and L Brands (LB -0.1%).
    | Jun. 25, 2014, 10:25 AM | 1 Comment
  • Jun. 9, 2014, 7:32 AM
    • Oppenheimer takes off its Underperform rating on Limited Brands (LB) to move to a stance of Perform.
    • The investment firm also lifts its price target to $56 from $46.
    | Jun. 9, 2014, 7:32 AM | Comment!
  • Jun. 5, 2014, 7:42 AM
    • L Brands (LB) reports a 5% gain in comparable-store sales at Bath & Body Works in May.
    • Comps at Victoria's Secret stores were up 2%, while they fell 10% for Victoria's Secret Direct Sales.
    • The company opened 20 stores and closed 15 over the last three months to end May with a store count of 2,928.
    | Jun. 5, 2014, 7:42 AM | Comment!
  • Jun. 5, 2014, 7:06 AM
    • L Brands (LB) May same-store sales: +3%.
    • Total Sales +4% Y/Y to $763.6M.
    • Press Release
    | Jun. 5, 2014, 7:06 AM | Comment!
  • May 23, 2014, 9:40 AM
    • L Brands, Inc. (LB) declares $0.34/share quarterly dividend, in line with previous.
    • Forward yield 2.39%
    • Payable June 20; for shareholders of record June 6; ex-div June 4.
    | May 23, 2014, 9:40 AM | Comment!
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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