L Brands, Inc. (LB) - NYSE
  • 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, 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, 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
  • Thu, May 5, 10:59 AM
    • Apparel store stocks trade lower after one of its stalwarts takes it on the chin. L Brands (NYSE:LB) is down 10.5% with even the resilient Victoria's Secret business showing signs of weakness.
    • Notable decliners include Urban Outfitters (URBN -3.4%), Guess (GES -3.7%), Francesca's (FRAN -1.8%), Gap (GPS -2.6%), Genesco (GCO -2.8%), Ascena Retail Group (ASNA -3%), Express (EXPR -2%), and Chico's FAS (CHS -2.4%).
    • Buckle (BKE -5.8%) and Abercombie & Fitch (ANF -4.5%) are also down, with the former reporting weak April sale and the latter losing an exec on top of the L Brands development.
    | Thu, May 5, 10:59 AM | 25 Comments
  • Thu, May 5, 9:12 AM
    | Thu, May 5, 9:12 AM | 2 Comments
  • Mon, Apr. 25, 9:00 AM
    | Mon, Apr. 25, 9:00 AM | 3 Comments
  • Tue, Apr. 12, 8:27 AM
    | Tue, Apr. 12, 8:27 AM | 6 Comments
  • Fri, Apr. 8, 10:17 AM
    • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
    • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
    • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
    • Now read Sell Your Apparel Stocks 
    | Fri, Apr. 8, 10:17 AM
  • Thu, Feb. 25, 2:05 PM
    • L Brands (LB +2.2%) churns out a gain after posting solid sales growth during the critical holiday quarter. EPS came in slightly ahead of the pre-announced mark.
    • Comparable-store sales growth of 6% by L Brands topped the pace of most of the company's mall retail rivals.
    • Previously: L Brands beats by $0.10, beats on revenue (Feb. 24)
    | Thu, Feb. 25, 2:05 PM | 3 Comments
  • Nov. 18, 2015, 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%.
    | Nov. 18, 2015, 4:19 PM
  • Nov. 9, 2015, 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%.
    | Nov. 9, 2015, 10:15 AM | 10 Comments
  • Oct. 8, 2015, 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%.
    | Oct. 8, 2015, 10:20 AM | 1 Comment
  • Aug. 19, 2015, 5:37 PM
    | Aug. 19, 2015, 5:37 PM
  • Aug. 19, 2015, 5:32 PM
    • L Brands (NYSE:LB) raises full-year EPS guidance to $3.58-$3.73 vs. $3.50-$3.70 prior and $3.73 consensus.
    • Q3 EPS guidance is set at $0.40-$0.45 vs. $0.47 consensus.
    • General expenses including store operating costs at L Brands have been growing slightly faster than some estimates.
    • Previously: L Brands EPS in-line, misses on revenue (Aug. 19)
    • LB -1.08% in after-hours trading.
    | Aug. 19, 2015, 5:32 PM | 1 Comment
  • Jun. 4, 2015, 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.
    | Jun. 4, 2015, 10:26 AM
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