The retailer reported fourth-quarter results as it prepares to separate its Victoria's Secret business.
Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced its Card Services business, a provider of market-leading payment products and digital solutions, including Bread® and Comenity-branded financial services, has partnered with leading specialty retailer and long-time brand partner Victoria's Secret (NYSE: LB) to reissue an enhanced private label credit card for its cardmembers. With a new look and market-leading digital payment features, the Victoria's Secret Credit Card now allows cardmembers to make contactless mobile payments using Apple Pay®, while also providing one of the most secure and convenient private label shopping experiences on the market.
Enjoying what appears to be a new lease on life after years of troubles, L Brands (NYSE: LB), parent company of Victoria's Secret and Bath & Body Works, reported a profitable fourth quarter today. While the company's revenue missed the Wall Street consensus estimate of $4.95 billion reported by Zacks Equity Research, registering $4.82 billion in revenue and thus delivering a negative 2.6% surprise, net sales still rose 2.3% year over year from $4.71 billion. Adjusted earnings per share (EPS) skyrocketed 61% year over year from $1.88 to $3.03 for the quarter, and also marginally beat analyst forecasts with a 1.3% positive surprise.