L Brands (LB) Tops Q2 EPS by 67c
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L Brands Reports Second Quarter 2020 Results
August 19, 2020 4:15 PM EDTCOLUMBUS, Ohio, Aug. 19, 2020 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) today reported second quarter earnings results.
Consistent with expectations disclosed in the companys July 28, 2020 business update, net sales were $2.319 billion for the quarter ended Aug. 1, 2020, a decrease of 20 percent compared to sales of $2.902 billion for the quarter ended Aug. 3, 2019. The companys stores were closed during periods of time throughout the second quarter due to the COVID-19 pandemic. As of the end of the second quarter, most Bath & Body Works and Victorias Secret stores in North America have... More
