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Online travel giant Priceline Group changes name to Booking Holdings
Priceline is changing its name to Booking Holdings Inc., citing its expansion into numerous international brands over the last 20 years.
BRIEF-Bloomin' Brands Issues Statement In Response To Barington Capital
Bloomin' Brands Inc(BLMN): * BLOOMIN' BRANDS ISSUES STATEMENT IN RESPONSE TO BARINGTON CAPITAL. * Bloomin' Brands Inc(BLMN) - â"WELCOMES OPEN COMMUNICATIONS WITH SHAREHOLDERS AND CONSTRUCTIVE INPUT"â Source text for Eikon: Further company coverage:
Vox Media lays off 50 employees as it scales back certain initiatives
Vox Media Chief Executive Jim Bankoff told staff in an email on Wednesday that the company would lay off around 50 employees as it winds down certain initiatives. The news comes just over a month after journalists at the company voted to unionize with the Writers Guild of America East. The Vox Media Union said on Twitter that it was working with the WGA to negotiate over the impact of layoffs on current Vox employees. Along with the layoffs, Bankoff said in his email that the company is reorganizing about a dozen other positions. The Vox brands most impacted by the changes will be Racked, Curbed, SB Nation and the video team. Bankoff said in the email, which was posted on Twitter, that the rationale behind scaling back is to ensure the company can solidify long-term financial stability, invest more resources into workplace productivity by growing real estate, IT, P&C, etc., and to be able to act swiftly when new opportunities arise.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
These 10 best-selling beauty products are finally on sale
Dermstore’s friends and family sale is live from now until February 21. Enter the code “FRIEND” at checkout and watch 20% fall off the price tag from brands like Sunday Riley, Perricone MD, Tarte, and GlamGlow.
Sears takes hit as value of name drops
The struggling department-store chain has marked down the value of the Sears name and its other brands for three consecutive years.
Dick's Sporting Goods upgraded to hold from sell at CFRA, citing positive sales trends
CFRA upgraded the stock of Dick's Sporting Goods Inc. to hold from sell on Thursday, and raised its 12-month price target by $7 to $34."We raise our opinion given recent positive sales trends reported by some footwear and apparel brands sold at DKS," analyst Victor Ahluwalia wrote in a note. "Longer term, we remain concerned around margin pressure given Dick's price match guarantee, e-commerce currently being margin dilutive and the viability of private label." Earlier, Dick's said it is raising its quarterly dividend by 32% to 22.5 cents a share from 17 cents a share. The new dividend will be payable on March 30 to shareholders of record as of March 9. Shares were trading down 0.9%, and are down 33% in the last 12 months, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Invesco Ltd Reports 9.0 Percent Passive Stake In American Outdoor Brands Corp As Of Dec 29, 2017
* INVESCO LTD REPORTS 9.0 PERCENT PASSIVE STAKE IN AMERICAN OUTDOOR BRANDS
OF DEC 29, 2017 - SEC FILING
Source text - (http://bit.ly/2nZfE1n)
Further company coverage:
Genesco shares surge after it initiates sale of Lids
Genesco Inc. shares surged 9.2% in Wednesday trading after the company announced plans to sell the Lids Sports Group business. Genesco's board determined after a strategic review that it should focus on footwear while Lids specializes in hats and team sports fan shops. Genesco sells wholesale footwear through the Johnston & Murphy and Trask brands and licenses shoes from other brands. Nashville-based Genesco has more than 2,725 retail stores and leased departments in the U.S., Canada, the U.K., Ireland and Germany under the names Journeys, Lids, and other chains. Genesco's board has created a four-person committee to lead the sale process, though the company says there's no assurance that there will be a resulting sale or other alternative. Genesco shares are up more than 50% for the last three months, but down 40.4% for the past year. The S&P 500 index is up 14.4% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Lexus, Porsche, Buick Most Dependable Brands in JD Power Study
Constellation Brands names Bill Newlands COO
Constellation Brands Inc. said Wednesday it has named Bill Newlands to the role of chief operating officer, replacing Rob Sands, who will continue to act as chief executive. Newlands joined the company in 2015 as executive vice president and chief growth officer. He has also done stints at Beam Inc. Constellation Brands is the distributor of Corona beer and Robert Mondavi wine, among other brands. Shares were not yet active premarket, but have gained 37% in the last 12 months, while the S&P 500 has gained 14%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Badgley Mischka, Coach take designs to digital world
American fashion house Badgley Mischka and handbag maker Coach took a technology-focused approach as they presented their latest collections on the penultimate day of New York Fashion Week: The Shows. The luxury brands showcased their work on the closely watched global stage and also on digital platforms.
Chipotle names Taco Bell chief as CEO, to lead turnaround
- Chipotle Mexican Grill Inc (CMG) on Tuesday said it had hired Brian Niccol from Yum Brands Inc's Taco Bell unit as chief executive officer to turn around the burrito chain that has been hurt by a series of food safety lapses. Shares of Chipotle were up 11 percent at $279 in extended trading. Niccol, 43, who has headed Taco Bell since 2015, replaces Chipotle founder Steve Ells.
Chipotle chooses Taco Bell CEO as new leader, stock soars
Chipotle named Taco Bell Chief Executive Brian Niccol as its new CEO on Tuesday, and shares jumped more than 10%. Chipotle chose Niccol to replace founder Steve Ells, who said in November that he would step down from the CEO role and become executive chairman. "At Chipotle's core is delicious food, which I will look to pair up with consistently great customer experiences," Niccol said in Tuesday's announcement. "I will also focus on dialing up Chipotle's cultural relevance through innovation in menu and digital communications." Niccol had worked for Yum Brands Inc.'s Taco Bell since 2011, and was an executive at Pizza Hut Inc. before that. Chipotle has struggled to rebound from an e.coli scare at some of its restaurants, with shares down more than 39% in the past year as the S&P 500 index has gained 14.1%. Shares topped $280 in late trading following the announcement, after closing at $251.33.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Pernod sees no impact yet from legal cannabis but watching closely
Pernod Ricard, the world's second-largest spirits maker, has not yet seen any impact from the legalization of cannabis in some parts of North America but is monitoring the situation closely, its chief executive said. Alexandre Ricard told reporters the maker of Absolut vodka and Martell cognac was looking for any impact the legalization of cannabis has on its brands but had seen none so far.
While most consumer brands suggest they will make the buyer feel happier, Swedish rainwear firm Stutterheim says its jackets may cause melancholy.
Starboard, ex-Jarden executives to attempt replacing Newell's board - WSJ
Three former executives of Jarden Corp, which was bought by U.S. consumer goods company Newell Brands Inc (NWL) in 2016, will team up with activist hedge fund Starboard Value LP to replace Newell's board and Chief Executive Michael Polk, the Wall Street Journal reported on Thursday.
Newell Brands jumps 5% after report of potential Starboard proxy fight
Newell Brands Inc. stock increased by more than 5% in late trading Thursday after a report that activist investor Starboard Value LP will launch a proxy fight that seeks to replace the entire board. According to The Wall Street Journal, Starboard is working with three former executives from Jarden Corp., which Newell acquired in a multibillion-dollar 2016 deal, to oust Chief Executive Michael Polk and the rest of the board and take control of the company. Jarden's former chairman, Martin Franklin, and CEO, Jim Lillie, are among the group working with Starboard, the Journal reported, based on anonymous sources. Franklin resigned his seat on the board last month after failing to wrest control, the Journal previously reported. After closing at $27.91, Newell shares topped $29 in late trading Thursday after the report was released.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Castle Brands Announces Q3 Sales Rose 31.5 Pct To $24.1 Mln
Castle Brands Inc(ROX): * CASTLE BRANDS ANNOUNCES FISCAL 2018 THIRD QUARTER RESULTS. * Q3 EARNINGS PER SHARE $0.00. * Q3 SALES ROSE 31.5 PERCENT TO $24.1 MILLION Source text for Eikon: Further company coverage:
NBA star Kevin Garnett named creative director for basketball brand AND1
NBA star Kevin Garnett has been named creative director and brand ambassador for basketball brand AND1. Garnett retired from the NBA in 2016 and is now an analyst on "Area 21," which airs on the TNT network. AND1 is part of the Sequential Brands Group Inc. portfolio of names. AND1 is celebrating its 25th anniversary, and will launch a capsule collection designed with help from Garnett. He will appear in an accompanying advertising campaign. Sequential Brands shares are down nearly 60% for the last year while the S&P 500 index is up nearly 17% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Hanesbrands shares sink after earnings guidance falls short of estimates
Hanesbrands Inc. shares sank 9% in Thursday premarket trading after the company gave earnings guidance that was below the FactSet consensus. Hanesbrands reported a net loss of $384.6 million, or $1.06 per share, compared with net income of $157.1 million, or 41 cents per share, for the same period last year. After excluding the impact of the tax overhaul and other factors, the EPS was 52 cents. Revenue totaled $1.65 billion, up from $1.58 billion. Global online sales rose 22%. The FactSet consensus was for EPS of 52 cents and revenue of $1.63 billion. The company took a $457.0 million charge in the fourth quarter related to the tax overhaul. Hanesbrands, the makers of everyday basics like t-shirts, also announced an agreement to acquire Bras N Things, an Australian intimate apparel seller, for about $400 million. Bras N Things had 2017 net sales of $144 million. Hanesbrands expects 2018 sales of $6.72 billion to $6.82 billion, EPS of $1.54 to $1.62, and adjusted EPS of $1.72 to $1.80. The FactSet consensus is for sales of $6.63 billion and EPS of $2.04. The company expects first-quarter sales in the range of $1.42 billion to $1.44 billion, EPS of 17 cents to 20 cents, and adjusted EPS of 23 cents to 25 cents. FactSet expects revenue of $1.43 billion and EPS of 30 cents. Hanesbrands shares are up 11.5% for the last three months and up 10.4% for the past year. The S&P 500 index is up nearly 17% for the past 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tyson Foods shares jump 4.9% premarket as earnings blow past estimates
Tyson Foods Inc. shares jumped 4.9% premarket Thursday, after the company blew past estimates for its fiscal first quarter. The owner of Jimmy Dean, Hillshire Farm and Ball Park food brands said it had net income of $1.631 billion, or $4.40 a share, in the quarter to Dec. 30, up from $594 million, or $1.59 a share, in the year-earlier period. The number was boosted by 21 cents a share by the tax overhaul signed into law in December. Adjusted per-share earnings came to $1.81, ahead of the FactSet consensus of $1.49. Sales rose to $10.2 billion from $9.2 billion, also ahead of the FactSet consensus of $9.9 billion. The company said it expects fiscal 2018 earnings to be boosted by about 85 cents a share thanks to the tax bill, It expects to generate more than $300 million in cash which it will invest in its frontline team members. The company is planning to make more than $100 million in one-time cash bonuses in the second quarter. The company is expecting adjusted EPS of $6.55 to $6.70 for fiscal 2018, up 23% to 26% from fiscal 2017. Shares have gained 13% in the last 12 months, while the S&P 500 has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
L Brands shares spike after fourth-quarter sales beat estimates
L Brands Inc. shares rallied 5.4% in Thursday premarket trading after the retail company reported fourth-quarter sales and same-store sales that beat the FactSet consensus. L Brands portfolio includes Victoria's Secret and Bath & Body Works. Fourth-quarter sales were $4.82 billion, up from $4.49 billion last year and exceeding the FactSet consensus of $4.72 billion. Same-store sales rose 2%, also beating the FactSet guidance for 0.6% growth. Sales for the five weeks ending Feb. 3, 2018 totaled $1.04 billion, up from $805.2 million for the four weeks ending Jan. 28, 2017. January same-store sales that jumped 7% year-over-year. L Brands expects fourth quarter EPS of about $2.05, before the impact of significant items including the tax overhaul. L Brands shares are up 3.7% for the last three months, but down 16.3% for the last year. The S&P 500 index is up nearly 17% for the past 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
A Bullish Case for Winnebago and Thor Industries
Many investors have probably overlooked the stodgy RV industry, but the leading brands are generating impressive growth. Do RV makers have a place in your portfolio?
Shares of Yum China fall on fourth-quarter loss
Shares of Yum China Holdings Inc. fell in Wednesday's extended session after the fast-food chain posted a quarterly loss, stemming in part from a charge related to U.S. tax cuts. The operator of KFC and Pizza Hut in China reported it swung to a fourth-quarter loss of 90 million, or 23 cents a share, versus earnings of $88 million, or 23 cents a share, a year earlier. Yum China recorded a one-time tax charge of $164 million and would have earned earned 19 cents a share on an adjusted basis. Revenue grew 13% to $2.2 billion while same-store sales rose 5%, led by KFC. Analysts surveyed by FactSet had forecast earnings of 18 cents on revenue of $2.15 billion. Yum China had spun off from Yum Brands at the end of 2016. Yum China shares slid 2.9% after hours.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Your smart TV may be prey for hackers and collecting more info than you realize, Consumer Reports warns
Consumer Reports studied the top 5 brands. All are tracking what we watch, unless we opt out, and two of the brands failed a basic security test.
Arby's closes deal for Buffalo Wild Wings, makes new company
Arby's has completed its deal to buy Buffalo Wild Wings and created a new company named Inspire Brands that will run the chains.
Mattel reports surprise loss for holiday period, shares sink
- Mattel Inc (MAT) reported a surprise loss for the holiday quarter on Thursday, as the toy maker faced weak demand for key brands including Fisher-Price and as the effect of the collapse of Toys "R" Us lingered. Shares of the biggest U.S. toy maker fell 7.3 percent to $14.20 in after-hours trading.
Toy maker Mattel's holiday sales miss Wall Street forecasts, shares dip
(Reuters) - Mattel Inc's sales fell short of Wall Street forecasts in the crucial holiday quarter, as the toy maker faced weak demand for key brands including Fisher-Price and as the effect of the collapse of Toys "R" Us lingered.
Ugg parent Deckers Outdoor shares jump after earnings, sales beat
Deckers Outdoor Corp. shares jumped 7.7% in Thursday after-hours trading after the footwear and accessories company reported fiscal third-quarter earnings and sales that beat expectations. Comprehensive income totaled $90.9 million, or $2.69 per share, up from $26.6 million, or $1.27 per share, for the same period last year. Adjusted EPS was $4.97, exceeding the FactSet consensus $3.82. The company, whose brands include Ugg, Teva and Sanuk, said adjusted EPS was "largely effected" by recent tax reforms. Sales totaled $810.5 million, up from $760.3 million and ahead of the $748.0 million FactSet consensus. Deckers says it plans to repatriate $250.0 million by the end of fiscal 2018, a preliminary estimate that could be impacted by clarifications or changes to tax reforms or other factors. The company sees fourth-quarter sales in the range of $370.0 million to $375.0 million, and adjusted EPS in the range of 15 cents to 20 cents. The FactSet consensus is for sales of $377.4 million and earnings of 24 cents per share. Deckers shares are up 26.7% for the last three months, and up 53.5% for the last year. The S&P 500 index is up 9.4% for the past three months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Mondelez's profit beats on higher demand for key brands
Mondelez International Inc's(MDLZ) quarterly profit beat analysts' estimates, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets. Shares of the confectionery, food and beverage company rose marginally in extended trading on Wednesday.
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