LB - L Brands rallies 4% after lifting profit guidance targeting August for Victoria's Secret split

L Brands ([[LB]] +5.4%) is out with a series of announcements. The retailer says Stuart Burgdoerfer is retiring as CFO of L Brands and Interim CEO of the Victoria’s Secret business. Martin Waters, currently CEO of Victoria’s Secret Lingerie, has been promoted to CEO of the Victoria’s Secret business and will assume those responsibilities effective immediately.The company has initiated a search for Burgdoerfer's successor as CFO, which will include both internal and external candidates.In addition, L Brands says it is committed to separating the Victoria's Secret and Bath & Body Works businesses. A separation date of August is currently being targeting. All options, including a spin-off of the Victoria's Secret business into a public company or a private sale of the business, are being evaluated.On the financial front, Q4 EPS guidance is lifted to $2.95 to $3.00 vs. $2.70 to $2.80 prior and $2.64 consensus. The company expects to report a Q4comparable sales increase

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L Brands rallies 4% after lifting profit guidance, targeting August for Victoria's Secret split