What to Expect When L Brands Reports After the Close
L Brands is scheduled to release its most recent quarterly results after the markets close on Monday.
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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.
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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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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
