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L Brands (LB) reported revenue of $1.65 billion, non-GAAP EPS of -$0.99, and GAAP EPS of -$1.07. The company missed on revenue and earnings, yet the stock was over 15% in afternoon trading. I had the following takeaways on the quarter.
L Brands Is Shutting Down 250 Victoria's Secret Stores
L Brands has been sort of a tale of two brands. Bath & Body Works ("BBW") has been a star, while Victoria's Secret has dragged down the company. L Brands appeared to have fobbed off its problems onto Sycamore Partners by