L Brands (LB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
L Brands (LB) board approves plans to operate Bath & Body Works and Victoria's Secret as two independent public companies. Further, the company provided its preliminary first-quarter fiscal 2021 numbers.
The lingerie brand, best known for its racy runway shows, was plagued by image problems and sliding sales. The low point came when parent company L Brands’ deal to offload a majority stake to Sycamore Partners for $525m fell apart. L Brands this week announced plans to spin off Victoria’s Secret into a separate, publicly traded company.