L Brands' Holiday Sales Were Strong. Analysts Are Feeling Good About the Stock.
Craig Warga/Bloomberg L Brands shares got a boost in Thursday trading after announcing a 5% increase in same-store sales for the holiday period compared to a year ago. The retailer, which houses Bath & Body Works and Victoria’s Secret, has been trying to plot a comeback after years of underperformance at Victoria’s Secret. L Brands (ticker: LB) stock more than doubled in 2020 and was up 5.6% in Thursday trading. Net sales for the nine weeks ending Jan. 2 came in at $3.8 billion, just below $3.9 billion in the year-ago period. Bath & Body Works saw a 17% jump in comparab...