Retail

What to Expect When L Brands Reports After the Close

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L Brands Inc. (NYSE: LB) is scheduled to release its most recent quarterly results after markets close on Monday. Consensus estimates are calling for $0.15 in earnings per share (EPS) and $2.71 billion in revenue. The same period from last year had $0.30 in EPS and $2.62 billion in revenue.

In the most recent quarter, the company also announced that Amy Hauk, currently President for Merchandising and Product Development of Bath & Body Works, will replace Denise Landman as CEO of Victoria’s Secret PINK. Landman will remain in the business through the end of the year to onboard Hauk and facilitate the transition.

As a whole, L Brands’ comparable sales (including direct sales) increased 3% during the second quarter.

At the same time, the company reported its segments as follows:

  • Victoria’s Secret net sales increased 4.7% year over year to $1.72 billion, with comparable sales decreasing 1%.
  • Bath & Body Works net sales increased 12% to $963.6 million, with comparable sales increasing 10%.

Overall L Brands, has underperformed the broad markets with the stock down 28% in the past 52 weeks. In just 2018 alone, the stock is down 41%.

A few analysts weighed in on L Brands ahead of the report:

  • Barclays has a Hold rating with a $33 price target.
  • Citigroup has a Buy rating with a $42 price target.
  • Wells Fargo has an Outperform rating with a $55 price target.
  • MKM Partners has a Neutral rating with a $34 price target.
  • KeyCorp. Has a Sector Weight rating.
  • Loop Capital has a Sell rating with a $24 price target.

Shares of L Brands were last seen at $35.28, with a consensus analyst price target of $35.58 and a 52-week range of $25.89 to $63.10.

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