L Brands Says Stimulus Checks Juice Consumer Spending, Letting It Raise Guidance
The mall-based retailer has benefited from the cash infusion of billions of dollars into the economy.
The Company sells womens intimate apparel, personal care and beauty products, womens and mens apparel and accessories.
The mall-based retailer has benefited from the cash infusion of billions of dollars into the economy.
There's a lot of excitement about what the future will bring.
A year ago the retailer suspended the payouts and repurchases to confront the pandemic.
LB earnings call for the period ending December 31, 2020.
The retailer reported fourth-quarter results as it prepares to separate its Victoria's Secret business.
Investors seem pleased with the company's outlook despite a revenue miss.
A spinoff of the lingerie brand is still in the cards, though.
In addition to providing a fairly firm spinoff date, the company also gives some positive fourth-quarter guidance.
The third quarter was bright -- but L Brands is cautious about the holiday season.
LB earnings call for the period ending October 31, 2020.