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L Brands Inc

LB.N

Latest Trade

15.78USD

Change

0.26(+1.68%)

Volume

284,516

Today's Range

15.31

 - 

15.86

52 Week Range

8.00

 - 

26.95

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

Pricing

Previous Close
15.52
Open
15.47
Volume
284,516
3M AVG Volume
194.81
Today's High
15.86
Today's Low
15.31
52 Week High
26.95
52 Week Low
8.00
Shares Out (MIL)
277.83
Market Cap (MIL)
4,311.91
Forward P/E
-65.02
Dividend (Yield %)
--

Next Event

Q2 2020 L Brands Inc Earnings Release

Latest Developments

More

L Brands Closes Its $750 Mln Offering Of 6.875% Senior Secured Notes Due 2025

Victoria's Secret's UK Arm Files For Creditor Protection - WSJ

L Brands Prices $750 Million Offering Of 6.875% Senior Secured Notes Due 2025

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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

2.81 mean rating - 27 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2018

12.6K

2019

13.2K

2020

12.9K

2021(E)

10.5K
EPS (USD)

2018

3.200

2019

2.820

2020

2.290

2021(E)

-0.241
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.36
Price To Book (MRQ)
--
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
--
LT Debt To Equity (MRQ)
--
Return on Investment (TTM)
-9.04
Return on Equity (TTM)
-6.88

Latest News

Latest News

UPDATE 2-L Brands results underwhelm as pandemic keeps stores shut

L Brands Inc 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 mln from existing credit line

L Brands Inc 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...

UPDATE 1-L Brands sees first-quarter loss, takes $725 mln write-down on Victoria's Secret

L Brands Inc 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 quarter.

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.

Lingerie brand Victoria's Secret to go private

L Brands Inc is selling a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as focuses on its core Bath & Body Works brand.

L Brands CEO in talks to step aside and sell Victoria's Secret: WSJ

Victoria's Secret-owner L Brands <LB.N> Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall Street Journal reported on Wednesday.

L Brands CEO in talks to step aside and sell Victoria's Secret -WSJ

Victoria's Secret-owner L Brands Chief Executive Officer Leslie Wexner is in talks to step aside from the role and is exploring strategic alternatives for the lingerie brand, the Wall street Journal reported https://www.wsj.com/articles/victorias-secret-billionaire-in-talks-to-step-aside-and-sell-brand...

Victoria's Secret holiday fashion show canceled as marketing plans 'evolve'

The annual Victoria's Secret fashion show, known for its jewel-encrusted bras and supermodels sporting angel wings, will not be held this holiday season, parent L Brands Inc said on Thursday.

L Brands says hedge fund to withdraw board nominees after reaching agreement

L Brands said on Thursday activist investor Barington Capital has agreed to withdraw its proposed board nominees and instead will serve as a special adviser as part of an agreement with the company.

Investor pushes L Brands to spin off Victoria's Secret

Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria's Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.

Investor Barington pushes L Brands for Victoria's Secret spinoff

Barington Capital on Tuesday urged U.S. consumer products group L Brands to break itself up by separating its Victoria's Secret and Bath & Body Works businesses from the company, in an effort to improve financial performance.

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

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