L Brands (LB) Reports a Solid October Comp Beat Ahead of Analyst Day; Mizuho Securities Reiterates Buy
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L Brands Reports Estimated October Comp and Raises Third Quarter Earnings Guidance in Advance of Investor Update Meeting
November 2, 2015 5:21 PM ESTCOLUMBUS, Ohio, Nov. 02, 2015 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported estimated October comparable store sales and raised guidance for third quarter earnings. The company is making this updated information available in advance of its previously announced Investor Update Meeting on Nov. 3.
October comparable store sales are expected to be up 5%, including an expected 5% comp at Victorias Secret Stores, and 5% at Bath & Body Works. Total sales at Victorias Secret Direct, which are not included in comparable store sales, are estimated to be up about 7%.
... MoreL Brands Announces the Closing of Its Senior Notes Offering
October 30, 2015 4:39 PM EDTCOLUMBUS, Ohio, Oct. 30, 2015 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) (the Company) announced today the closing of its previously announced offering of $1 billion aggregate principal amount of unsecured senior notes due 2035.
The notes are not registered under the Securities Act of 1933 (the Securities Act) or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws. The notes may be resold by the initial purchasers... More
