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LB L Brands

L Brands, through Bath & Body Works, Victoria's Secret and PINK, is an international company. The company operates 2,669 company-operated specialty stores in the United States, Canada and Greater China, in more than 700 franchised locations worldwide and through its websites worldwide.

Company profile

Ticker
LB
Exchange
Website
CEO
Andrew Meslow
Employees
Incorporated
Location
Fiscal year end
Former names
L Brands, Inc., LIMITED BRANDS INC, LIMITED INC
SEC CIK
IRS number
311029810

LB stock data

(
)

Calendar

3 Jun 21
3 Aug 21
29 Jan 22
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Feb 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from L Brands earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.84B 2.84B 2.84B 2.84B 2.84B 2.84B
Cash burn (monthly) 365.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 1.14B n/a n/a n/a n/a n/a
Cash remaining 1.69B n/a n/a n/a n/a n/a
Runway (months of cash) 4.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 21 L Brands Common Stock Grant Aquire A No No 0 88,303,261 0 88,303,361
2 Aug 21 L Brands Common Stock Other Dispose J No No 0 88,303,361 0 0
19 Jul 21 Wexner Leslie H. Common Stock Sell Dispose S No No 73.01 10,000,000 730.1M 5,000,000
19 Jul 21 Wexner Leslie H. Common Stock Sell Dispose S No No 73.01 13,001,096 949.21M 15,000,000
19 Jul 21 Wexner Leslie H. Common Stock Sell Dispose S Yes No 73.01 5,958,809 435.05M 0
8 Jul 21 James Donna Common Stock, $0.50 par value Option exercise Aquire M No No 0 57,115 0 80,931
8 Jul 21 James Donna Phantom Stock Common Stock, $0.50 par value Option exercise Dispose M No No 0 57,115 0 0
28 Jun 21 Wexner Leslie H. Common Stock Gift Aquire G No No 0 10,814,206 0 28,001,096
28 Jun 21 Wexner Leslie H. Common Stock Gift Dispose G No No 0 10,814,206 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

78.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 502 432 +16.2%
Opened positions 123 111 +10.8%
Closed positions 53 37 +43.2%
Increased positions 157 129 +21.7%
Reduced positions 162 139 +16.5%
13F shares
Current Prev Q Change
Total value 13.38B 21.7B -38.3%
Total shares 216.28M 215.16M +0.5%
Total puts 3.75M 7.97M -52.9%
Total calls 4.92M 17.82M -72.4%
Total put/call ratio 0.8 0.4 +70.4%
Largest owners
Shares Value Change
Lone Pine Capital 26.27M $1.62B 0.0%
Vanguard 23.73M $1.47B +2.6%
Egerton Capital 15.83M $978.95M +0.0%
BLK Blackrock 14.46M $894.76M +9.3%
Primecap Management 9.02M $558.01M -21.5%
STT State Street 8.03M $496.45M -3.8%
Melvin Capital Management 7.98M $493.33M -59.4%
Steadfast Capital Management 5.77M $356.8M +3.8%
GS Goldman Sachs 4.74M $293.41M +118.2%
Coatue Management 4.55M $281.49M -28.1%
Largest transactions
Shares Bought/sold Change
Melvin Capital Management 7.98M -11.69M -59.4%
Pelham Capital 3.03M +3.03M NEW
D1 Capital Partners 2.93M +2.93M NEW
TROW T. Rowe Price 3.08M +2.69M +687.6%
GS Goldman Sachs 4.74M +2.57M +118.2%
Norges Bank 0 -2.49M EXIT
Primecap Management 9.02M -2.47M -21.5%
DB Deutsche Bank AG - Registered Shares 2.19M +1.99M +996.6%
Makaira Partners 0 -1.85M EXIT
Coatue Management 4.55M -1.78M -28.1%

Financial report summary

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Risks
  • The proposed spin-off of the Victoria’s Secret business and related operations could negatively impact our business, and contingent liabilities from the divestiture of such business could adversely affect our financial position and results of operations.
Management Discussion
  • (a)Includes corporate infrastructure and governance functions, and other non-recurring items that are deemed to be corporate in nature.
  • For the first quarter of 2021, operating income increased $890 million, to $572 million, from a loss of $318 million in the first quarter of 2020, and the operating income (loss) rate increased to 18.9% from (19.2%). The drivers of the operating income results are discussed in the following sections.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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