Categories AlphaGraphs, Earnings, Retail

Infographic: Key highlights from L Brands (LB) Q1 2020 earnings

L Brands, Inc. (NYSE: LB) reported its financial results for the quarter ended May 2, 2020, on Wednesday after the market closes. Like other retailers, the company is not providing guidance for the second quarter or full-year 2020 given the high level of uncertainty in the current environment.

L Brands (LB) Q1 2020 earnings review

L Brands slipped to a loss in the first quarter of 2020 from a profit last year due to the closure of all of its stores due to the COVID-19 pandemic. The results included non-cash impairment charges related to certain Victoria’s Secret store assets and a tax benefit related to the favorable resolution of certain tax matters.

The company has temporarily closed down all of its Bath & Body Works, Victoria’s Secret and Pink stores in the United States and Canada, starting from March 17. The lockdown has lessened the profitability for the company, which operates 1,091 Victoria’s Secret stores and 1,739 Bath & Body Works stores in the US and Canada.

Take a look at our Retail articles here

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Viewing Highlight