Categories AlphaGraphs, Earnings, Retail
Infographic: Key financials from L Brands (LB) Q2 2020 earnings
L Brands (NYSE: LB) swing to a loss on a reported basis in the second quarter of 2020. Sales skid 20% year-over-year to $2.32 billion. On a non-GAAP basis, the company reported a profit of $0.25 per share versus $0.24 in the year-ago quarter.
After rising about 5% immediately after the earnings announcement, LB stock pared its gains later in the after-hours session.
On the reported basis, L Brands posted a loss of $0.18 per share compared to a profit of $0.14 per share in the second quarter of 2019.
Given the continuing high level of uncertainty in the current environment, the company didn’t provide the third quarter or full-year 2020 earnings guidance.
Most Popular
COVID-19 drove retailers up the digital path years ahead than anticipated
Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to
Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles
Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming
Adobe (ADBE) sees new tailwinds as virtual shift gathers steam
The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related