L BRANDS INC. $98 (New York symbol LB; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 289.4 million; Market cap: $28.4 billion; Price-to-sales ratio: 2.4; Dividend yield: 2.1%; TSINetwork Rating: Average; www.lb.com) owns the Victoria’s Secret lingerie chain (63% of sales) and the Bath & Body Works personal care products stores (28%). Smaller chains, including La Senza (lingerie) in Canada and Henri Bendel (jewellery and accessories) in the U.S., supply the remaining 9% of sales.
In November 2015 (which includes the important Black Friday promotion), the company’s sales rose 8.4% to $1.17 billion from $1.08 billion in November 2014.
Overall same-store sales gained 7%. Same-store sales rose 6% at Victoria’s Secret, while this division’s online and catalogue sales jumped 12%. Seasonal home fragrances, soaps and sanitizers also spurred a 7% same-store sales gain at the company’s Bath & Body Works stores.
However, the stock trades at a high 25.7 times L Brands’likely fiscal 2016 earnings of $3.81 a share.
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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