L Brands: Another Threat Emerges For Victoria's Secret

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About: L Brands, Inc. (LB), Includes: AEO, LVMHF, LVMUY
by: Shock Exchange
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Shock Exchange
Long/short equity, long only, short only, special situations
Summary

Revenue at Victoria's Secret is in decline and its operating income is in free fall.

LB management may be trying to position the brand amid competition from Aerie and Savage X Fenty.

Hemorrhaging at Victoria's Secret could continue for a while.

Sell LB.

Rihanna with Bernard Arnault of LVMH. Source: Forbes

When it rains it pours for L Brands (LB). Its revenue is in decline amid a protracted slump at its Victoria's Secret brand. S&P recently