Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nyse
  5. L Brands
  6. News
  7. Summary
    LB   US5017971046

L BRANDS

(LB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

L Brands : to Host Virtual Investor Meetings for Bath & Body Works and Victoria's Secret & Co. on July 19th

07/16/2021 | 03:00pm EDT

COLUMBUS, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- L Brands, Inc. (“L Brands”) (NYSE: LB) announced that it will host virtual investor meetings for Bath & Body Works and Victoria’s Secret & Co. on Monday, July 19, 2021, in advance of the planned August 2021 separation via a tax-free spin-off of the Victoria’s Secret business. Andrew Meslow, CEO of L Brands and Bath & Body Works, and Martin Waters, CEO of Victoria’s Secret & Co., will be joined by members of their senior leadership teams to provide an update on each company’s strategic initiatives, growth plans and drivers of value creation.

The Bath & Body Works investor meeting will begin at 8:30 a.m. Eastern, and the Victoria’s Secret & Co. meeting will begin at 12:30 p.m. Eastern. Each meeting is expected to conclude after approximately two and a half hours.

A live video webcast of the events, along with accompanying slides, will be streamed simultaneously. All interested parties can preregister and access the webcast from the events and presentation section of our website here. Archived replays will be available on LB.com shortly after the conclusion of the live events.

ABOUT L BRANDS:
L Brands, through Bath & Body Works, Victoria’s Secret and PINK, is an international company. The company operates 2,681 company-operated specialty stores in the United States, Canada and Greater China, in more than 700 franchised locations worldwide and through its websites worldwide.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or made by our Company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or otherwise made by our Company or our management:

  • the spin-off may not be consummated within the anticipated time period or at all;
  • disruption to our business in connection with the proposed spin-off and that we could lose revenue as a result of such disruption;
  • the spin-off may not be tax-free for U.S. federal income tax purposes;
  • a loss of synergies from separating the businesses that could negatively impact the balance sheet, profit margins or earnings of both businesses or that the companies resulting from the spin-off do not realize all of the expected benefits of the spin-off;
  • the combined value of the common stock of the two publicly-traded companies will not be equal to or greater than the value of our common stock had the spin-off not occurred;
  • Victoria’s Secret has no history of operating as an independent company, and its historical combined and unaudited pro forma financial information is not necessarily representative of the results that it would have achieved as an independent, publicly traded company and may not be a reliable indicator of our future results;
  • general economic conditions, consumer confidence, consumer spending patterns and market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events;
  • the novel coronavirus (COVID-19) global pandemic has had and is expected to continue to have an adverse effect on our business and results of operations;
  • the seasonality of our business;
  • divestitures or other dispositions, including a spin-off of Victoria’s Secret and related operations and contingent liabilities from businesses that we have divested;
  • difficulties arising from turnover in company leadership or other key positions;
  • our ability to attract, develop and retain qualified associates and manage labor-related costs;
  • the dependence on mall traffic and the availability of suitable store locations on appropriate terms;
  • our ability to grow through new store openings and existing store remodels and expansions;
  • our ability to successfully operate and expand internationally and related risks;
  • our independent franchise, license and wholesale partners;
  • our direct channel businesses;
  • our ability to protect our reputation and our brand images;
  • our ability to attract customers with marketing, advertising and promotional programs;
  • our ability to maintain, enforce and protect our trade names, trademarks and patents;
  • the highly competitive nature of the retail industry and the segments in which we operate;
  • consumer acceptance of our products and our ability to manage the life cycle of our brands, keep up with fashion trends, develop new merchandise and launch new product lines successfully;
  • our ability to source, distribute and sell goods and materials on a global basis, including risks related to:
    • political instability, environmental hazards or natural disasters;
    • significant health hazards or pandemics, which could result in closed factories, reduced workforces, scarcity of raw materials, and scrutiny or embargoing of goods produced in infected areas;
    • duties, taxes and other charges;
    • legal and regulatory matters;
    • volatility in currency exchange rates;
    • local business practices and political issues;
    • potential delays or disruptions in shipping and transportation and related pricing impacts;
    • disruption due to labor disputes; and
    • changing expectations regarding product safety due to new legislation;
  • our geographic concentration of vendor and distribution facilities in central Ohio;
  • fluctuations in foreign currency exchange rates;
  • the ability of our vendors to deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations;
  • fluctuations in product input costs;
  • our ability to adequately protect our assets from loss and theft;
  • fluctuations in energy costs;
  • increases in the costs of mailing, paper, printing or other order fulfillment logistics;
  • claims arising from our self-insurance;
  • our and our third-party service providers' ability to implement and maintain information technology systems and to protect associated data;
  • our ability to maintain the security of customer, associate, third-party and company information;
  • stock price volatility;
  • our ability to pay dividends and related effects;
  • shareholder activism matters;
  • our ability to maintain our credit rating;
  • our ability to service or refinance our debt and maintain compliance with our restrictive covenants;
  • our ability to comply with laws, regulations and technology platform rules or other obligations related to data privacy and security;
  • our ability to comply with regulatory requirements;
  • legal and compliance matters; and
  • tax, trade and other regulatory matters.

We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.

For further information, please contact:

L Brands: 
Investor RelationsMedia Relations
Amie PrestonBrooke Wilson
(614) 415-6704(614) 415-6042
apreston@lb.comcommunications@lb.com


Primary Logo

Source: L Brands, Inc.

2021 GlobeNewswire, Inc., source Press Releases

All news about L BRANDS
09/21BATH & BODY WORKS : Argus Adjusts Upgrades Bath & Body Works to Buy Rating From Hold, Pric..
MT
09/20BATH & BODY WORKS, INC.(NYSE : BBWI) added to FTSE All-World Index
CI
09/17BATH & BODY WORKS, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (for..
AQ
09/08BATH & BODY WORKS : IN THE UNITED STATES DISTRICT COURT (Form 8-K)
PU
09/08BATH & BODY WORKS, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
AQ
09/02BATH & BODY WORKS : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT..
AQ
09/02Tranche Update on Bath & Body Works, Inc.'s Equity Buyback Plan announced on July 13, 2..
CI
09/02BATH & BODY WORKS : Announces Early Tender Results of its Cash Tender Offers (Form 8-K)
PU
09/02BATH & BODY WORKS, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (for..
AQ
09/02BATH & BODY WORKS : Announces Early Tender Results of Its Cash Tender Offers
AQ
More news
Analyst Recommendations on L BRANDS
More recommendations
Financials (USD)
Sales 2022 7 759 M - -
Net income 2022 1 092 M - -
Net Debt 2022 2 928 M - -
P/E ratio 2022 16,1x
Yield 2022 0,82%
Capitalization 17 560 M 17 560 M -
EV / Sales 2022 2,64x
EV / Sales 2023 2,45x
Nbr of Employees 57 350
Free-Float 89,6%
Chart L BRANDS
Duration : Period :
L Brands Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends L BRANDS
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 66,42 $
Average target price 82,76 $
Spread / Average Target 24,6%
EPS Revisions
Managers and Directors
Andrew M. Meslow Chief Executive Officer & Director
Wendy C. Arlin Chief Financial Officer & Executive Vice President
Sarah Elizabeth Nash Chairman
Chris Cramer Chief Operating Officer
Michael G. Morris Independent Director
Sector and Competitors
1st jan.Capi. (M$)
L BRANDS114.90%17 034
INDITEX24.46%118 297
KERING5.47%91 592
FAST RETAILING CO., LTD.-17.85%69 763
ROSS STORES, INC.-7.88%40 451
HENNES & MAURITZ AB1.20%33 174