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

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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