Snapshot of the series
L Brands is slated to report second-quarter 2018 results after the market closes on Wednesday, August 22, 2018. The results relate to the three-month period ending August 4. Wall Street is expecting a 6.4% YoY (year-over-year) jump in L Brands’s total sales to $2.93 billion for the quarter. Its top line grew by 3.4% YoY over the last 12 months to $12.82 billion. Earnings per share for the quarter are projected at 34 cents, reflecting a 29% decline over year-ago profit.
Read about L Brands’s recent financial performance and expectations from the coming quarter in the next part of this series.
Stock market performance and analyst recommendations
L Brands’s stock market performance has been below average this year. The stock has fallen the most out of all the stocks in the S&P 500 Index to date. The plunging stock price has affected L Brands’s valuations. The company is trading at a discount to most peers and is cheaper historically. Read part three of the series to know more about the company’s recent stock yields and valuations.
Wall Street, however, expects some revival in L Brands’s stock price over the next year. Read part four to know more about Wall Street’s view of L Brands.
About L Brands
L Brands is an American fashion retailer that sells women’s intimate wear, personal care products, and beauty and home fragrances. The company owns the well-known Victoria’s Secret and Bath & Body Works brands as well as La Senza, Henri Bendel, and Pink. It operates 3,076 company-owned specialty stores and more than 800 franchised locations worldwide.
Investors who want exposure to LB can consider the Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (RCD), which invests 1.2% of its portfolio in LB.