LB News and Press, L Brands Inc. From 06/04/20

The coronavirus outbreak has weighed on most industries over the past few months, but retailers were hit particularly hard. Temporary store shutdowns meant less revenue, even for those with a strong online presence. Apparel retailers may have had it the worst as shoppers on lockdown focused on b...

COLUMBUS, Ohio, June 04, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that it is offering to sell $750 million aggregate principal amount of senior secured notes due 2025 (the “ Secured Notes ”) and $500 million aggregate principal amount of senior notes ...

Investors were in a buying mood on Wednesday, as state and local authorities continued to ease coronavirus-related restrictions and after a May jobs number came in better than analysts had expected.   The developments add to a growing sense that the U.S. economy is rebounding, and many ha...

This article is part of a series that provides an ongoing analysis of the changes made to Stephen Mandel’s 13F portfolio on a quarterly basis. It is based on Mandel’s regulatory 13F Form filed on 05/15/2020. Please visit our Tracking Stephen Mandel’s Lone Pine Capital P...

Image source The current crisis has exposed some companies across a variety of industries that were struggling. To be fair, a complete economic shutdown isn’t something companies prepare for, and the damage has been immense in some cases. In the case of companies that were already s...

Retail stocks are outperforming as more stores open and reports on traffic indicate at least some moderate activity with shoppers amid social distancing rules. More news on: At Home Group Inc., The Container Store Group, Inc., Lands' End, Inc., Consumer stocks news, Stocks on the move, ...

Things were rough for most nonessential retailers in March and April, thanks to coronavirus-related shutdowns. For L Brands (NYSE: LB) and its Victoria's Secret business, though, they were downright horrible. Total sales at the lingerie brand fell 46% year over year for the fiscal first quar...

Source: Fortune 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 Vi...

The pounding that the S&P 500 ( SPY ) index is taking has some people questioning what they need to do for solid investment results. With the S&P 500 still down near 10% year to date, but with businesses like Amazon ( AMZN ) and Facebook ( FB ) up 30% and 12% year to date, respectively...

L Brands, Inc. (LB) Q1 2020 Earnings Conference Call May 21, 2020 09:00 ET Company Participants Amie Preston - Chief Investor Relations Officer Andrew Meslow - Chief Executive Officer Stuart Burgdoerfer - Interim Chief Executive Officer, Victoria’s Secret and Chief Financi...