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L Brands Earnings Smash Projections, Still Seeks Victoria’s Secret Split

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

L Brands had a bounce-back third quarter from its subpar second-quarter showing, reporting a 14.1 percent increase in net sales of $3.1 billion, well above the $2.7 billion growth expectation of analysts polled by FactSet. Third-quarter net income of $330.6 million, or $1.17 a share, smashed projections of 12 cents a share and represent a…

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