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L Brands Inc

LB.N

Latest Trade

65.76USD

Change

-0.85(-1.28%)

Volume

608,086

Today's Range

65.24

 - 

67.19

52 Week Range

8.80

 - 

67.19

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

Latest Developments

L Brands Increases First Quarter Earnings Guidance

March 26 (Reuters) - L Brands Inc <LB.N>::REASES FIRST QUARTER EARNINGS GUIDANCE.SEES Q1 EARNINGS PER SHARE $0.85 TO $1.00.COMPANY IS NOW FORECASTING A Q1 EARNINGS PER SHARE RANGE OF $0.85 TO $1.00.PREVIOUSLY MENTIONED FACTORS HAVE LED TO A STRONGER Q1 FORECAST AT BOTH BATH & BODY WORKS AND VICTORIA'S SECRET.Q1 EARNINGS PER SHARE VIEW $0.62 -- REFINITIV IBES DATA.L BRANDS - RAISING Q1 EARNINGS GUIDANCE DUE TO IMPROVED SALES TRENDS WHICH CO BELIEVES ARE MAINLY DRIVEN BY UNUSUAL SHIFTS IN CONSUMER SPENDING PATTERNS.

L Brands Says Board Authorized New $500 Mln Share Repurchase Plan

March 12 (Reuters) - L Brands Inc <LB.N>::BOARD OF DIRECTORS HAS AUTHORIZED NEW $500 MILLION SHARE REPURCHASE PLAN.AUTHORIZED REPAYMENT OF $1.035 BILLION OF DEBT THROUGH A CALL OF ALL $285 MILLION OF OUTSTANDING BONDS DUE FEBRUARY 15, 2022.INCREASING Q1 EARNINGS GUIDANCE FROM A RANGE OF $0.35 TO $0.45 TO A RANGE OF $0.55 TO $0.65.NEW SHARE REPURCHASE PLAN REPLACES REMAINING $79 MILLION UNDER PREVIOUSLY AUTHORIZED PROGRAM.AUTHORIZED REPAYMENT OF $1.035 BILLION OF DEBT.REINSTATEMENT OF CO'S ANNUAL DIVIDEND AT $0.60 PER SHARE, BEGINNING WITH QUARTERLY DIVIDEND TO BE PAID IN JUNE 2021.ANTICIPATES USING $1.1 BILLION IN CASH TO COMPLETE DEBT REPAYMENT.HAVE RAISED EARNINGS GUIDANCE FOR Q1 DUE TO STRONG SALES AND MARGIN RESULTS QUARTER-TO-DATE.Q1 EARNINGS PER SHARE VIEW $0.43 -- REFINITIV IBES DATA.

L Brands Reports Q4 Sales $4.818 Bln

Feb 24 (Reuters) - L Brands Inc <LB.N>::L BRANDS REPORTS RECORD FOURTH QUARTER 2020 RESULTS.Q4 SAME STORE SALES ROSE 10 PERCENT.SEES Q1 EARNINGS PER SHARE $0.35 TO $0.45.Q4 SALES $4.818 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.83 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $3.03 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $3.03.Q4 EARNINGS PER SHARE ESTIMATE $2.86 -- REFINITIV IBES DATA.NOT PROVIDING EARNINGS GUIDANCE FOR FULL YEAR 2021.QTRLY BATH & BODY WORKS COMP SALES INCREASE OF 22%.QTRLY VICTORIA’S SECRET COMP SALES DECREASE OF 3%.Q1 EARNINGS PER SHARE VIEW $0.12 -- REFINITIV IBES DATA.

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

Feb 23 (Reuters) - :L BRANDS’ BANKERS AT GOLDMAN SACHS WILL BEGIN FORMALLY PITCHING BUYOUT FIRMS ABOUT A POTENTIAL TAKEOVER FOR VICTORIA’S SECRET AS SOON AS THIS WEEK - NYT .

L Brands Announces CFO Stuart Burgdoerfer To Retire In August

Feb 4 (Reuters) - L Brands Inc <LB.N>::L BRANDS ANNOUNCES CHIEF FINANCIAL OFFICER STUART BURGDOERFER TO RETIRE IN AUGUST 2021.RAISES Q4 EARNINGS GUIDANCE.MARTIN WATERS PROMOTED TO CEO OF VICTORIA'S SECRET.RAISES Q4 EARNINGS GUIDANCE.INITIATED A SEARCH FOR BURGDOERFER'S SUCCESSOR AS CFO, WHICH WILL INCLUDE BOTH INTERNAL AND EXTERNAL CANDIDATES..ALL OPTIONS, INCLUDING SPIN-OFF OF VICTORIA'S SECRET BUSINESS INTO PUBLIC CO OR A PRIVATE SALE OF BUSINESS, ARE BEING EVALUATED.BURGDOERFER WILL REMAIN IN HIS CFO ROLE THROUGH AUGUST 2021.RAISING ITS EARNINGS GUIDANCE FOR Q4 FROM $2.70 TO $2.80 PER SHARE TO $2.95 TO $3.00 PER SHARE.L BRANDS - EXPECTS TO REPORT Q4 COMPARABLE SALES INCREASE OF 10%, CONSISTING OF 22%INCREASE AT BATH & BODY WORKS & 3%DECREASE AT VICTORIA'S SECRET.Q4 EARNINGS PER SHARE VIEW $2.72 -- REFINITIV IBES DATA.Q4 REVENUE VIEW $4.74 BILLION -- REFINITIV IBES DATA.

L Brands Reports Holiday 2020 Sales and Provides Q4 Earnings Guidance

Jan 7 (Reuters) - L Brands Inc <LB.N>::L BRANDS REPORTS HOLIDAY 2020 SALES AND PROVIDES FOURTH QUARTER EARNINGS GUIDANCE.SEES Q4 EARNINGS PER SHARE $2.70 TO $2.80.Q4 REVENUE $3.836 BILLION VERSUS REFINITIV IBES ESTIMATE OF $4.74 BILLION.AT BATH & BODY WORKS, COMPARABLE SALES INCREASED 17% FOR NINE WEEKS ENDED JAN. 2, 2021.AT VICTORIA'S SECRET, COMPARABLE SALES DECREASED 9 PERCENT FOR NINE WEEKS ENDED JAN. 2, 2021.Q4 EARNINGS PER SHARE VIEW $1.96 -- REFINITIV IBES DATA.

L Brands Q3 Same Store Sales Rose 28%

Nov 18 (Reuters) - L Brands Inc <LB.N>::L BRANDS REPORTS RECORD THIRD QUARTER 2020 RESULTS.Q3 SALES $3.055 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.67 BILLION.Q3 SAME STORE SALES ROSE 28 PERCENT.Q3 ADJUSTED EARNINGS PER SHARE $1.13 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $1.17.Q3 EARNINGS PER SHARE ESTIMATE $0.09 -- REFINITIV IBES DATA.AS WE HEAD INTO HOLIDAYS WE ARE CAUTIOUS ABOUT OUR ABILITY TO EXCEED LAST YEAR'S Q4 SALES AND EARNINGS RESULTS.QTRLY BATH & BODY WORKS COMPARABLE STORE SALES UP 56%.QTRLY VICTORIA'S SECRET COMPARABLE STORE SALES UP 4%.

L Brands Says Shelley Milano Is Retiring

Sept 18 (Reuters) - L Brands Inc <LB.N>::L BRANDS INC - SHELLEY MILANO IS RETIRING & WILL NO LONGER SERVE AS EVP AND CHIEF HUMAN RESOURCES OFFICER AS OF END OF SEPT..

L Brands Prices Upsized $1 Billion Offering Of 6.625% Senior Notes Due 2030

Sept 16 (Reuters) - L Brands Inc <LB.N>::L BRANDS PRICES UPSIZED $1 BILLION OFFERING OF 6.625% SENIOR NOTES DUE 2030.L BRANDS INC - PREVIOUSLY ANNOUNCED OFFERING TO SELL $750 MILLION OF SENIOR NOTES DUE 2030 WAS UPSIZED TO AN AGGREGATE PRINCIPAL AMOUNT OF $1 BILLION.L BRANDS INC - INITIAL OFFERING PRICE OF 2030 NOTES TO INVESTORS WILL BE 100% OF THEIR PRINCIPAL AMOUNT.L BRANDS INC - 2030 NOTES ARE SENIOR UNSECURED OBLIGATIONS.

L Brands Announces Proposed $750 Million Offering Of Senior Notes Due 2030

Sept 16 (Reuters) - L Brands Inc <LB.N>::L BRANDS ANNOUNCES PROPOSED $750 MILLION OFFERING OF SENIOR NOTES DUE 2030.L BRANDS INC - INTENDS TO USE REMAINING NET PROCEEDS FROM OFFERING FOR REPAYMENT, REDEMPTION OR REPURCHASE OF OUR OTHER INDEBTEDNESS.L BRANDS INC - INTENDS TO USE NET PROCEEDS FROM OFFERING OF 2030 NOTES TO FUND TENDER OFFERS OF 2022 NOTES, 2023 NOTES AND 2037 NOTES.

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

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