Published on 2 Aug 2021 on Zacks via Yahoo Finance
L Brands (LB) Dips More Than Broader Markets: What You Should Know
In the latest trading session, L Brands (LB) closed at $79.92, marking a -0.19% move from the previous day. This change lagged the S&P 500's 0.18% loss on the day.
Heading into today, shares of the owner of Victoria's Secret, Bath & Body Works and other chain stores had gained 8.13% over the past month, outpacing the Retail-Wholesale sector's loss of 3.25% and the S&P 500's gain of 2.44% in that time.
LB will be looking to display strength as it nears its next earnings release, which is expected to be August 18, 2021. In that report, analysts expect LB to post earnings of $1.29 per share. This would mark year-over-year growth of 416%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.35 billion, up 44.25% from the year-ago period.