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L Brands Inc

LB.N

Latest Trade

52.36USD

Change

0.71(+1.37%)

Volume

1,212,693

Today's Range

51.37

 - 

57.06

52 Week Range

8.00

 - 

57.06

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
51.65
Open
54.10
Volume
1,212,693
3M AVG Volume
84.22
Today's High
57.06
Today's Low
51.37
52 Week High
57.06
52 Week Low
8.00
Shares Out (MIL)
278.11
Market Cap (MIL)
14,364.31
Forward P/E
15.28
Dividend (Yield %)
--

Next Event

L Brands Inc Annual Shareholders Meeting

Latest Developments

More

L Brands Reports Q4 Sales $4.818 Bln

L Brands Reaches Out To Private Equity Again For A Potential Takeover For Victoria’s Secret - NYT

L Brands Announces CFO Stuart Burgdoerfer To Retire In August

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About L Brands Inc

L Brands, Inc. operates specialty retail business. The Company is focused on women's intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners. It operates in the retail brands, which include Victoria's Secret, PINK, Bath & Body Works and La Senza. La Senza is a specialty retailer of women's intimate apparel. It sells its La Senza products at over 120 La Senza stores in Canada. Henri Bendel sells handbags, jewelry and other accessory products through New York and 28 other stores. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.

Industry

Retail (Apparel)

Contact Info

3 Limited Pkwy

PO Box 16000

COLUMBUS, OH

43216-6000

United States

+1.614.4157000

https://www.lb.com/

Executive Leadership

Sarah E. Nash

Chairman of the Board

Leslie H. Wexner

Chairman Emeritus

Andrew Meslow

Chief Executive Officer, Director

Stuart B. Burgdoerfer

Chief Financial Officer, Executive Vice President

James L. Bersani

President - Real Estate

Key Stats

2.71 mean rating - 24 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2019

13.2K

2020

12.9K

2021

11.8K

2022(E)

12.7K
EPS (USD)

2019

2.820

2020

2.290

2021

3.460

2022(E)

3.380
Price To Earnings (TTM)
--
Price To Sales (TTM)
1.22
Price To Book (MRQ)
--
Price To Cash Flow (TTM)
43.40
Total Debt To Equity (MRQ)
--
LT Debt To Equity (MRQ)
--
Return on Investment (TTM)
-2.60
Return on Equity (TTM)
-1.90

Latest News

Latest News

L Brands to test private equity firms' appetite for Victoria's Secret again: NYT

L Brands' bankers at Goldman Sachs would begin pitching buyout firms about a potential sale of its Victoria's Secret lingerie brand as soon as this week, the New York Times reported on Tuesday, citing people with knowledge of the matter.

L Brands long-time CFO Stuart Burgdoerfer to retire in August

L Brands Inc, owner of Victoria's Secret and Bath & Body Works, said on Thursday that Chief Financial Officer Stuart Burgdoerfer will retire in August after more than 14 years on the job.

L Brands results beat on home fragrances, lingerie demand

L Brands Inc <LB.N> posted better-than-expected quarterly results on Wednesday, helped by record sales growth at Bath & Body Works and higher demand for Victoria's Secret lingerie, sending the company's shares 16% higher in extended trading.

L Brands tops quarterly sales estimates

L Brands Inc reported better-than-expected quarterly sales on Wednesday, driven by strong demand for Bath & Body Work's sanitizers and hand creams.

Next Plc buys majority stake in Victoria's Secret UK arm

L Brands Inc <LB.N> said on Monday British clothing retailer Next Plc <NXT.L> would acquire a majority stake in its Victoria's Secret UK business under a newly formed joint venture.

L Brands reports surprise profit on demand for soaps, lingerie

L Brands Inc <LB.N> on Wednesday reported a surprise quarterly profit boosted by strong demand for Bath & Body Works' sanitizers and soaps, as well as higher online sales of Victoria's Secret lingerie during coronavirus-led lockdowns.

L Brands forecasts smaller-than-expected sales decline, shares surge

L Brands Inc <LB.N> on Tuesday forecast a smaller-than-expected drop in quarterly sales on strong demand for its Bath & Body Works hand sanitizers and other personal care products, and said it would cut 15% of its corporate staff.

L Brands results underwhelm as pandemic keeps stores shut

L Brands Inc <LB.N> posted worse-than-expected quarterly results on Wednesday, as its struggling Victoria's Secret and growing Bath & Body Works businesses were hammered by disruptions caused by the coronavirus outbreak.

L Brands quarterly sales fall 37%

L Brands Inc reported a 37% slump in quarterly net sales on Wednesday, hit by weak demand for its Victoria's Secret lingerie brand amid the COVID-19 pandemic.

Who won the Victoria’s Secret M&A case?

The parent company of Victoria’s Secret, L Brands, announced Monday that it was ditching its attempt to compel the private equity firm Sycamore Partners to complete a $525 million deal to purchase a majority stake in the lingerie business. L Brands, which also owns Bath...

L Brands, Sycamore agree to call off Victoria's Secret deal

L Brands Inc <LB.N> said on Monday it has agreed to call off the sale of its majority stake in Victoria's Secret lingerie business to buyout firm Sycamore, averting a bitter legal battle between the two companies over the $525 million deal.

L Brands calls off sale of Victoria's Secret business

L Brands Inc said on Monday it has agreed to end the sale of its Victoria's Secret lingerie business to Sycamore Partners, days after the buyout firm disclosed it had walked away from the $525 million deal.

L Brands files complaint against Sycamore for backing out of Victoria's Secret deal

L Brands Inc <LB.N> filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire a majority stake in the company's Victoria's Secret lingerie brand.

Sycamore Partners backs out of coronavirus-stricken deal for Victoria's Secret

Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria's Secret, after the lingerie brand shut down stores and furloughed staff in response to the coronavirus outbreak.

Sycamore Partners invokes MAE clause in bid to escape Victoria’s Secret deal

The private equity firm Sycamore Partners sued Victoria’s Secret parent L Brands Wednesday in Delaware Chancery Court, seeking to end its deal to acquire a 55% stake in the lingerie brand. Notably, Sycamore seems to be the first post-COVID-19 M&A buyer to claim that its...

Sycamore Partners seeks to end Victoria's Secret deal, L Brands shares plunge

Investment firm Sycamore Partners is looking to terminate its deal to buy Victoria's Secret from L Brands Inc on grounds that it breached some deal terms, a court filing on Wednesday showed, sending the company's shares down 20%.

L Brands temporarily closes stores, draws down $950 million from existing credit line

L Brands Inc <LB.N> said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and that it has drawn down $950 million from an existing credit line due to the coronavirus...

L Brands sees first-quarter loss, takes $725 mln write-down on Victoria's Secret

L Brands Inc <LB.N> forecast a loss for the first quarter, days after it decided to sell a controlling stake in its struggling Victoria's Secret brand, and said on Wednesday that it took a $725 million impairment charge related to the struggling lingerie unit in the fourth...

L Brands expects first-quarter loss; shares fall 3%

L Brands Inc on Wednesday forecast a loss for the first quarter, days after it decided to sell a controlling stake in its struggling Victoria's Secret lingerie unit, sending its shares down nearly 3% in after-market trading.

L Brands sells majority stake in Victoria's Secret, CEO Wexner to step down

L Brands Inc <LB.N> said on Thursday it will sell a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as it focuses on its core Bath & Body Works brand.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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