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Landbridge Company LLC (LB) provides essential energy infrastructure support through strategic land and resource management. This news hub offers investors and stakeholders centralized access to official announcements, operational updates, and financial developments.
Track critical information including earnings reports, partnership announcements, and resource management initiatives. Our curated collection ensures timely updates on LB's surface acreage utilization, royalty agreements, and energy sector positioning.
Discover press releases covering:
- Operational expansions in oil/gas development
- Strategic land asset acquisitions
- Quarterly financial performance updates
- Regulatory compliance milestones
Bookmark this page for streamlined monitoring of LB's evolving role in energy infrastructure. Check regularly for verified updates that impact long-term resource management strategies and market positioning.
L Brands reported strong fourth quarter and full-year results for 2020. Earnings per share rose to $3.03, reversing a loss of $0.70 a year prior. Operating income increased to $1.273 billion from $81.7 million, with net income at $860.3 million compared to a loss of $192.3 million. Full-year earnings per share were $3.00, up from a loss of $1.33. Net sales for the year dropped to $11.847 billion from $12.914 billion. The company is set to separate Bath & Body Works and Victoria’s Secret by August 2021 and anticipates first quarter earnings per share between $0.35 and $0.45.
Victoria's Secret has relaunched its Swim collection, now available online and in select stores from February 16, 2021. The assortment features both new and classic styles, including high-waisted bikinis, one-pieces, and asymmetric shapes. Prices start at $49, with sizes ranging from 32A to 38DDD and XS to XL. The collection incorporates modern bra technology for better fit. Alongside its Swim line, the retailer will also carry swimwear from various brands, enhancing its overall offerings.
L Brands (NYSE: LB) will release its fourth quarter 2020 earnings after the market closes on February 24, 2021. A live webcast of the earnings conference call is scheduled for February 25 at 9:00 a.m. ET, where executives will discuss the company's financial performance. L Brands operates popular brands including Victoria's Secret, PINK, and Bath & Body Works, with approximately 2,669 stores across the U.S., Canada, and Greater China. The webcast can be accessed via their official website.
L Brands has announced the promotion of Martin Waters to CEO of Victoria’s Secret, effective immediately, following Stuart Burgdoerfer's retirement as CFO and Interim CEO. The company is targeting August 2021 for the planned separation of Victoria’s Secret and Bath & Body Works. Due to strong January sales, L Brands has updated its fourth-quarter earnings guidance from $2.70-$2.80 to $2.95-$3.00 per share. The company anticipates a 10% increase in comparable sales, driven by a 22% increase at Bath & Body Works, despite a 3% decrease at Victoria's Secret.
L Brands, Inc. (LB) reported net sales of $3.836 billion for the nine weeks ending January 2, 2021, down from $3.906 billion for the same period in 2020. Despite the sales decline, comparable sales rose by 5%, driven by Bath & Body Works, which saw a 17% increase, with a notable 64% growth in direct sales. Conversely, Victoria’s Secret experienced a 9% decline in comparable sales. The company anticipates fourth-quarter earnings per share between $2.70 and $2.80. L Brands' results exceeded expectations, indicating a positive trend for both brands amidst challenging conditions.
L Brands has announced key leadership appointments at Bath & Body Works to bolster its growth strategy. Julie Rosen is appointed President, and Deon Riley will become Chief Human Resources Officer by the end of December. Additionally, Chris Cramer is promoted to Chief Operating Officer, Danielle Demko to Executive Vice President and General Manager of direct channel, George Arenschield to Executive Vice President of Merchandise Planning and Allocation, and Ron Ford to Executive Vice President and Head of Stores and Sales. These changes aim to enhance product development and company culture.
L Brands will participate in the Morgan Stanley 2020 Virtual Global Consumer & Retail Conference on Dec. 2, 2020, featuring CEO Andrew Meslow as a presenter at 1:00 p.m. Eastern. A live webcast of the event will be accessible via the company's website at www.LB.com.
Operating 2,681 stores internationally through Bath & Body Works, Victoria’s Secret, and PINK, L Brands also offers its products online.
L Brands, Inc. (NYSE: LB) has announced significant leadership changes at Victoria’s Secret, effective immediately. Martin Waters replaces John Mehas as CEO of Victoria’s Secret Lingerie. Other appointments include Laura Miller as Chief Human Resources Officer, Becky Behringer as Executive VP of North America Store Sales, and Janie Schaffer as Chief Design Officer. Sarah Nash, chair of L Brands' Board, expressed confidence in the new leaders' capabilities to drive business forward, especially during the holiday season, while acknowledging Mehas’s contributions.
L Brands reported impressive third-quarter results for 2020, with earnings per share of $1.17, a significant improvement from a loss of $0.91 in the same quarter last year. Operating income soared to $580.6 million, contrasting with an operating loss of $151.2 million in 2019. The company also achieved net sales of $3.055 billion, up from $2.677 billion year-over-year. However, the CEO cautioned that challenges may arise in the fourth quarter due to reduced store traffic and pandemic-related uncertainties.
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