L Brands (LB) Misses Q1 EPS by 33c

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Go back to L Brands (LB) Misses Q1 EPS by 33c

L Brands Reports First Quarter 2020 Results

May 20, 2020 4:15 PM EDT

COLUMBUS, Ohio, May 20, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported first quarter results.

On May 4, 2020, the company outlined its go-forward strategy to drive long-term shareholder value. As part of this strategy, the company remains committed to establishing Bath & Body Works as a pure-play public company and is taking the necessary steps to prepare the Victorias Secret Lingerie, Victorias Secret Beauty and PINK businesses to operate as a separate, standalone company.              The company reported net sales of $1.654 billion for the first quarter ended May 2, 2020, compared to sales of $2.629... More