LB News and Press, L Brands Inc. From 02/04/21

L Brands (NYSE: LB) , the parent company of both the highly successful Bath & Body Works brand and the faltering, scandal-ridden Victoria's Secret, announced multiple upcoming changes today, including a relatively firm timetable for spinning off Victoria's Secret. L Brands s...

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 ...

Martin Waters Promoted to CEO of Victoria’s Secret Raises Fourth Quarter Earnings Guidance COLUMBUS, Ohio, Feb. 04, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) announced today that Stuart Burgdoerfer has communicated to the Board of Directors his desire to reti...

Retailers that were quick to take their businesses online with the onset of the COVID-19 pandemic have increased their value to consumers and investors. Similarly, the expectation of substantial fiscal stimulus injections and an economic recovery this year has resuscitated investor enthusiasm...

In-store holiday sales were the weakest in over a decade as consumers avoided physical stores and services, compounding retailers' financial woes. The latest COVID relief bill and the likely next round of funding from the Biden Administration will help cushion the retail distress, but...

LB has been flying since the pandemic started. Victoria's Secret is still an anchor dragging down Bath & Body Works. But with beatable estimates and a reasonable valuation, the path of least resistance is higher. For further details see: I Was Wrong About L Brands

Bank of America points to upside value for L Brands (LB) in a fresh note this morning.The firm sees the potential monetization of the Victoria's Secret business and transition of Bath & Body Works to a standalone entity as an opportunity to create further value for investors."We expect Ba...

Driven by record results in its Bath & Body works segment and strong 2020 holiday sales, L Brands (LB) has been able to rebound from its pandemic-driven lows. This, along with the company’s cost-containment measures, should, we believe, help the stock keep advancing in the near ter...

JPMorgan is constructive on L Brands ([[LB]] +6.7%) after taking in the retailer's holiday sales update.The firm keeps LB set with an Overweight rating and raises its price target to $56 (7X the FY22 EBITDA estimate).JP's bull case: "The combination of (i) BBW high-single-digit sustainab...

L Brands (NYSE: LB), parent company to Victoria’s Secret and Bath & Body Works, announced its same-store sales throughout the holiday season rose 5% in comparison to the 3% fall it experienced the prior year. Amid the ongoing pandemic consumers found themselves stocking...