L Brands, Inc. (NYSE:LB) is set to announce second quarter earning results on Wednesday 19th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LB to report 2Q20 loss of $ 0.42 per share.
For the full year, analysts anticipate top line of $ 10812.10 million, while looking forward to income of $ 0.12 per share bottom line.
Previous Quarter Performance
L Brands, Inc. posted loss for the first quarter of $ 0.99 per share, from the revenue of $ 1,654.00 million. The quarterly revenues decreased 35.31 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.66 per share from $ 1819.66 million in revenue. The bottom line results missed street analysts by $ 0.33 or 50 percent, at the same time, top line results fell short of analysts by $ 165.66 million or 9.1 percent.
Stock Performance
According to the previous trading day, closing price of LB was $ 28.18, representing a 252.25 % increase from the 52 week low of $ 8.00 and a 3.29 % decrease over the 52 week high of $ 29.14.
The company has a market capital of $ 7.83 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
L Brands, Inc. operates as a specialty retailer of womens intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victorias Secret, Bath & Body Works, and Victorias Secret and Bath & Body Works International.
