Why L Brands, Inc. Stock Plunged 21.9% in August
Shares of Victoria's Secret and Bath & Body Works parent L Brands (NYSE: LB) declined 21.9% in the month of August, according to data provided by S&P Global Market Intelligence, after the company announced disappointing second-quarter 2017 sales results and light guidance.
More specifically for its quarter ended July 29, 2017, L Brands' revenue declined 4.7% year over year to $2.755 billion. On the bottom line, that translated to a 31% decline in adjusted net income to $138.9 million, or $0.48 per share. Interestingly, these results compared favorably to Wall Street's expectations, as consensus estimates called for earnings of only $0.44 per share on roughly the same revenue.
Image source: L Brands.
Source: Fool.com
Bath & Body Works Inc. Aktie
32,56 €
0,84 %
Die Bath & Body Works Inc. Aktie erhält mehrere Buy-Einschätzungen, übersteigt die Sell-Zahlen.
Für Bath & Body Works Inc. sieht die Community ein Kursziel von 47 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 32.56 € bedeutet.
