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Victoria's Secret struggles continue, but Bath & Body Works carries L Brands in Q1

bizjournals Thursday, 23 May 2019 ()
L Brands can thank a healthy love of lotions, soaps and bath bombs for its showing in the first quarter of the year. The New Albany-based retailer's first quarter revenue was essentially the same as last year's – $2.629 billion to last year's $2.626 billion, and comparable same store sales were flat at the same time. But that doesn't tell the whole story. The company's two principal divisions are continuing in opposite directions – comparable sales at Victoria's Secret, which has been struggling…
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News video: L Brands Earnings Beat Expectations

L Brands Earnings Beat Expectations 00:32

On Thursday, L Brands spiked more than 15% in early morning trading. The company reported net income of $40.3 million, almost triple that of the $14.6 million expected. The increase came after the company posted first-quarter results that topped Wall Street expectations. The strong results surprised...

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