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L Brands Inc (LB.N)

LB.N on New York Stock Exchange

36.20USD
18 Aug 2017
Change (% chg)

$-1.35 (-3.60%)
Prev Close
$37.55
Open
$37.56
Day's High
$37.63
Day's Low
$35.85
Volume
1,588,646
Avg. Vol
955,175
52-wk High
$79.58
52-wk Low
$35.00

Latest Key Developments (Source: Significant Developments)

L Brands July sales $767.7 mln
Thursday, 3 Aug 2017 07:15am EDT 

Aug 3 (Reuters) - L Brands Inc ::L brands reports July 2017 sales and updates second quarter earnings guidance.July sales $767.7 million versus $777 million.Quarterly sales $2.755 billion versus $2.89 billion.July same store sales fell 7 percent.Expects to report q2 earnings per share at high end of its previous guidance range of $0.40 to $0.45 per share.L brands inc - ‍net sales of $5.192 billion for 26 weeks ended july 29, 2017, compared to sales of $5.504 billion for 26 weeks ended July 30, 2016​.L brands inc - ‍reported a comparable sales decrease of 8 percent for 13 weeks ended July 29, 2017​.Q2 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.L brands inc - ‍for July, exit of swim and apparel categories had a negative impact of about 4 percentage points to total company​.For July, exit of swim and apparel categories had a negative impact of about 5 percentage points to Victoria's Secret comparable sales.  Full Article

L Brands reports 9 pct fall in June same-store sales
Thursday, 6 Jul 2017 07:15am EDT 

July 6 (Reuters) - L Brands Inc :L Brands reports June 2017 sales.June same-store sales fell 9 percent.June sales fell 6 percent to $1.213 billion.L Brands Inc - net sales of $4.424 billion for 22 weeks ended July 1, decrease of 6 percent compared to net sales of $4.727 billion for 22 weeks ended July 2, 2016.L Brands Inc- Comparable sales for five weeks ended July 1, 2017, decreased 9 percent.L Brands Inc- comparable sales for 22 weeks ended July 1, 2017, decreased 9 percent.L Brands-for June, exit of swim, apparel categories had negative impact of about 7 percent points and 10 percent points to co and Victoria's Secret comp sales.  Full Article

L Brands says May sales fell 5 pct to $774.3 mln
Thursday, 1 Jun 2017 07:15am EDT 

June 1 (Reuters) - L Brands Inc ::L Brands Inc reports may 2017 sales.May same store sales fell 7 percent.May sales fell 5 percent to $774.3 million.L Brands Inc - ‍company reported net sales of $3.211 billion for 17 weeks ended may 27, 2017, a decrease of 6 percent​.L Brands Inc - ‍comparable sales for 17 weeks ended may 27, 2017, decreased 9 percent.​.L Brands Inc - for 17 weeks ended may 27, exit of swim categories had a negative impact of 7 percent points to total co and Victoria's Secret comparable sales.L Brands Inc - for 17 weeks ended may 27, exit of apparel categories had a negative impact of 10 percent points to total co and Victoria's Secret comparable sales.  Full Article

L Brands sets regular quarterly dividend of $0.60 per share
Friday, 19 May 2017 09:30am EDT 

May 19 (Reuters) - L Brands Inc ::Sets regular quarterly dividend of $0.60per share.  Full Article

L Brands Inc entered amendment and restatement of its amended and restated revolving credit agreement
Wednesday, 17 May 2017 05:21pm EDT 

May 17 (Reuters) - L Brands Inc :L Brands Inc says on May 11, 2017, co entered amendment and restatement of its amended and restated revolving credit agreement dated as of July 18, 2014.Pursuant to credit agreement, aggregate amount of commitments of lenders under credit agreement remains $1 billion.pursuant to credit agreement, certain of company s non-U.S. subsidiaries may borrow loans, and obtain letters of credit - SEC filing.Credit agreement also extends maturity date of facility from July 18, 2019 to May 11, 2022.  Full Article

L Brands Q1 adjusted earnings per share $0.33 excluding items
Wednesday, 17 May 2017 04:30pm EDT 

May 17 (Reuters) - L Brands Inc ::L Brands reports first quarter earnings.Q1 adjusted earnings per share $0.33 excluding items.Q1 sales $2.437 billion versus I/B/E/S view $2.44 billion.Q1 same store sales fell 9 percent.Q1 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $3.10 to $3.40.Sees Q2 earnings per share $0.40 to $0.45.Q2 earnings per share view $0.46 -- Thomson Reuters I/B/E/S.Fy2018 earnings per share view $3.21 -- Thomson Reuters I/B/E/S.Says comparable sales for Q1 ended April 29, 2017, decreased 9 percent.  Full Article

L Brands Inc March sales fell 7 pct to $951.4 mln
Thursday, 6 Apr 2017 07:15am EDT 

L Brands Inc : L Brands Inc says for March, exit of swim and apparel categories had negative impact of 7 percent points to co's comparable sales . In March, exit of swim, apparel categories had negative impact of 10 percent points to victoria's secret comparable sales . L brands reports March 2017 sales . March sales fell 7 percent to $951.4 mln .Comparable sales for five weeks ended April 1, , decreased 10 percent, were negatively impacted by later easter this year by about 2 to 3 points.  Full Article

L Brands same store sales for February fall 13 pct
Thursday, 2 Mar 2017 07:15am EST 

L Brands Inc : L Brands reports february 2017 sales . February sales fell 10 percent to $765.5 million . February same store sales fell 13 percent . For February, exit of swim and apparel categories had a negative impact of 6 percent points to total company comparable sales . For February, exit of swim and apparel categories had a negative impact of 8 percentage points to Victoria's Secret comparable sales .L Brands Inc February same store sales down 4.7 percent -- Thomson Reuters I/B/E/S estimate.  Full Article

L Brands reports Q4 earnings per share $2.18
Wednesday, 22 Feb 2017 04:30pm EST 

L Brands Inc - : L Brands reports fourth quarter and full-year 2016 earnings . Qtrly earnings per share $2.18 . L Brands Inc - net sales for Q4 ended Jan. 28, 2017, were $4.489 billion, an increase of 2 percent compared to $4.395 billion for quarter ended jan. 30, 2016 . Sees FY 2017 earnings per share $3.05 to $3.35 including items . Expects to report a mid-to-high-teens decrease in february comparable sales, below expectations for a mid-single digit decrease . FY2017 earnings per share view $3.61 -- Thomson Reuters I/B/E/S . Q4 earnings per share view $1.90 -- Thomson Reuters I/B/E/S . L Brands Inc - "exit of swim and apparel at victoria's secret is negatively impacting total company comparable sales by about 6 percentage points" .Qtrly adjusted earnings per share $2.03.  Full Article

L Brands Jan same store sales falls 4 percent
Thursday, 2 Feb 2017 07:15am EST 

L Brands Inc : L Brands reports January and fourth quarter sales . Sees Q4 earnings per share about $1.90 . Q4 sales $4.489 billion versus I/B/E/S view $4.52 billion . January sales fell 1 percent to $805.2 million . January same store sales fell 4 percent . Comparable sales for Q4 ended Jan. 28, 2017, were flat . L Brands Inc - authorizes new $250 million share repurchase program . Q4 earnings per share view $1.87 -- Thomson Reuters I/B/E/S . L Brands Inc - company has authorized a new $250 million share repurchase program .L Brands Inc - new share repurchase program includes remaining $62 million outstanding under previous program.  Full Article

BRIEF-Appaloosa LP takes share stake in L Brands, ups share stake in Facebook

* Appaloosa Lp takes share stake of 525,000 shares in Activision Blizzard Inc - sec filing