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L Brands Inc (LB.N)

LB.N on New York Stock Exchange

30.83USD
14 Dec 2018
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$-0.38 (-1.22%)
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Latest Key Developments (Source: Significant Developments)

L Brands Announces Sale Agreement For La Senza
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - L Brands Inc ::L BRANDS ANNOUNCES SALE AGREEMENT FOR LA SENZA.L BRANDS INC - COMPANY EXPECTS TO COMPLETE TRANSACTION AND TRANSFER OWNERSHIP IN JANUARY.L BRANDS INC - SALE AGREEMENT FOR LA SENZA TO AN AFFILIATE OF REGENT LP.L BRANDS INC - ESTIMATES THAT LA SENZA'S 2018 REVENUES AND OPERATING LOSS WILL BE ABOUT $250 MILLION AND $40 MILLION (ABOUT $0.12 PER SHARE), RESPECTIVELY.L BRANDS INC - WILL SELL 100 PERCENT OF ASSETS IN LA SENZA IN EXCHANGE FOR BUYER'S AGREEMENT TO ASSUME LA SENZA'S OPERATING LIABILITIES.L BRANDS - TO SELL ASSETS IN LA SENZA FOR BUYER'S AGREEMENT TO PROVIDE CO POTENTIAL FUTURE CONSIDERATION UPON SALE OR OTHER MONETIZATION OF LA SENZA.  Full Article

L Brands Reports Third Quarter 2018 Results
Monday, 19 Nov 2018 

Nov 19 (Reuters) - L Brands Inc ::L BRANDS REPORTS THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.16 EXCLUDING ITEMS.Q3 SALES $2.775 BILLION VERSUS I/B/E/S VIEW $2.7 BILLION.Q3 SAME STORE SALES ROSE 4 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.60 TO $2.80.SEES Q4 2018 EARNINGS PER SHARE $1.90 TO $2.10.Q3 LOSS PER SHARE $0.16.ANNOUNCES VICTORIA'S SECRET LINGERIE LEADERSHIP CHANGE.PLANS TO REDUCE 2019 ANNUAL DIVIDEND TO $1.20 PER SHARE.JOHN MEHAS HAS BEEN NAMED CEO OF VICTORIA'S SECRET LINGERIE, EFFECTIVE EARLY 2019, REPLACING JAN SINGER.L BRANDS - ABOUT $325 MILLION IN CASH MADE AVAILABLE FROM DIVIDEND REDUCTION WILL BE UTILIZED PRIMARILY TO CONTRIBUTE TO DELEVERAGING OF BALANCE SHEET.MEHAS IS CURRENTLY SERVING AS PRESIDENT OF TORY BURCH, ICONIC LIFESTYLE BRAND.QTRLY VICTORIA’S SECRET COMPARABLE SALES FOR STORES AND DIRECT, DOWN 2 PERCENT.L BRANDS - MEHAS NAMED CEO OF VICTORIA'S SECRET LINGERIE REPLACING JAN SINGER, WHO HAS RESIGNED.."NUMBER ONE PRIORITY IS IMPROVING PERFORMANCE AT VICTORIA'S SECRET LINGERIE AND PINK".INCREASED ITS FULL YEAR 2018 ADJUSTED EARNINGS PER SHARE GUIDANCE TO $2.60 TO $2.80.Q4 EARNINGS PER SHARE VIEW $1.99 -- THOMSON REUTERS I/B/E/S.  Full Article

L Brands reports October sales updates Q3 earnings guidance
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - L Brands Inc ::L BRANDS REPORTS OCTOBER 2018 SALES; UPDATES THIRD QUARTER EARNINGS GUIDANCE.SEES Q3 LOSS PER SHARE ABOUT $0.17.OCTOBER SALES ROSE 8 PERCENT TO $860.5 MILLION.QUARTERLY SALES ROSE 6 PERCENT TO $2.775 BILLION.OCTOBER SAME STORE SALES ROSE 4 PERCENT.SEES Q3 ADJUSTED EARNINGS PER SHARE ABOUT $0.15 EXCLUDING ITEMS.REPORTED Q3 LOSS PER SHARE INCLUDES A TOTAL CHARGE OF APPROXIMATELY $0.32 PER SHARE.Q3 EARNINGS PER SHARE VIEW $0.05 -- THOMSON REUTERS I/B/E/S.COMPARABLE SALES INCREASED 4 PERCENT FOR 13 WEEKS ENDED NOV. 3, 2018.  Full Article

L Brands Reports September 2018 Sales
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - L Brands Inc ::L BRANDS REPORTS SEPTEMBER 2018 SALES.SEPTEMBER SALES ROSE 8 PERCENT TO $1.058 BILLION.SEPTEMBER SAME STORE SALES ROSE 5 PERCENT.REPORTED NET SALES OF $1.058 BILLION FOR FIVE WEEKS ENDED OCT. 6, 2018, AN INCREASE OF 8 PERCENT,.COMPARABLE SALES INCREASED 5 PERCENT FOR FIVE WEEKS ENDED OCT. 6, 2018, COMPARED TO FIVE WEEKS ENDED OCT. 7, 2017..ESTIMATES LA SENZA'S 2018 REVENUES & OPERATING LOSS TO BE ABOUT $250 MILLION & $40 MILLION, RESPECTIVELY.L BRANDS - NET SALES OF $7.524 BILLION FOR 35 WEEKS ENDED OCT. 6, UP 7 PERCENT COMPARED TO NET SALES OF $7.015 BILLION FOR 35 WEEKS ENDED SEPT. 30, 2017.COMPARABLE SALES INCREASED 3 PERCENT FOR 35 WEEKS ENDED OCT. 6, 2018, COMPARED TO 35 WEEKS ENDED OCT. 7, 2017.PURSUING ALL ALTERNATIVES FOR ITS LA SENZA BUSINESS.  Full Article

L Brands Says Reduction In Earnings Forecast Driven By Deceleration In Pink
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - L Brands Inc ::L Brands Inc - REDUCING EARNINGS FORECAST FOR THE YEAR, PRINCIPALLY DRIVEN BY A DECELERATION IN PINK - CONF CALL.L Brands Inc - ALTHOUGH WE HAVE SEEN BENEFITS FROM SPORT BRAS AND APPAREL AND OUTERWEAR, THE LOUNGE FLEECE BUSINESS HAS BEEN PARTICULARLY SOFT.L Brands Inc EXEC - WE HAVE MORE TO DO TO DELIVER LONG-TERM GROWTH AND PROFITABILITY, WE SEE SIGNS OF PROGRESS IN ILLUSION AND IT'S MARGIN ACCRETIVE.  Full Article

L Brands Sets Regular Quarterly Dividend Of $0.60 Per Share
Friday, 10 Aug 2018 

Aug 10 (Reuters) - L Brands Inc ::SETS REGULAR QUARTERLY DIVIDEND OF $0.60PER SHARE.  Full Article

L Brands Quarterly Same Store Sales Rose 3 Percent
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - L Brands Inc ::L BRANDS REPORTS JULY 2018 SALES AND UPDATES SECOND QUARTER EARNINGS GUIDANCE.JULY SALES $849.7 MILLION VERSUS $767.7 MILLION.QUARTERLY SALES $2.984 BILLION VERSUS $2.755 BILLION.QUARTERLY SAME STORE SALES ROSE 3 PERCENT.EXPECTS TO REPORT Q2 EARNINGS PER SHARE TOWARD HIGH END OF ITS PREVIOUS GUIDANCE RANGE OF $0.30 TO $0.35 PER SHARE.COMPARABLE SALES FOR 13 WEEKS ENDED AUG. 4, 2018, INCREASED 3 PERCENT COMPARED TO 13 WEEKS ENDED AUG. 5, 2017.COMPARABLE SALES FOR FOUR WEEKS ENDED AUG. 4, 2018, WERE FLAT.Q2 EARNINGS PER SHARE VIEW $0.32 -- THOMSON REUTERS I/B/E/S.  Full Article

Alliance Data's Card Services Business Extends Agreement With Victoria's Secret
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Alliance Data Systems Corp ::ALLIANCE DATA'S CARD SERVICES BUSINESS EXTENDS AGREEMENT WITH LONG-TERM BRAND PARTNER VICTORIA'S SECRET, PART OF L BRANDS AND A TOP-FIVE ALLIANCE DATA CLIENT.ALLIANCE DATA SYSTEMS CORP - CO'S COLUMBUS, OHIO-BASED CARD SERVICES BUSINESS SIGNED A LONG-TERM RENEWAL AGREEMENT WITH VICTORIA'S SECRET.  Full Article

L Brands Reports June 2018 Sales
Thursday, 12 Jul 2018 

July 12 (Reuters) - L Brands Inc ::L BRANDS REPORTS JUNE 2018 SALES.JUNE SAME STORE SALES ROSE 3 PERCENT.JUNE SALES ROSE 6 PERCENT TO $1.282 BILLION.  Full Article

L Brands Reports March 2018 Sales
Thursday, 12 Apr 2018 

April 12 (Reuters) - L Brands Inc ::L BRANDS REPORTS MARCH 2018 SALES.MARCH SAME STORE SALES ROSE 4 PERCENT.MARCH SALES ROSE 7 PERCENT TO $1.02 BILLION.NET SALES OF $1.874 BILLION FOR NINE WEEKS ENDED APRIL 7, 2018, AN INCREASE OF 9 PERCENT.COMPARABLE SALES FOR NINE WEEKS ENDED APRIL 7, 2018, INCREASED 3 PERCENT.  Full Article

Victoria's Secret owner L Brands to sell La Senza lingerie brand

L Brands on Thursday said it would to sell its luxury lingerie brand La Senza to an affiliate of private equity firm Regent LP, capping a months long effort to sell the loss-making business.