L Brands swings to £37.84 million of net loss in the fiscal second quarter

L Brands (NYSE: LB) said on Wednesday that its revenue and profit in the fiscal second quarter came in stronger than expected. On a year over year basis, its sales were down by 20% due to the Coronavirus pandemic that pushed its stores into temporarily shutting down in recent months. Adjusted for non-recurring items, L Brands earned 19.07 pence per share in the second quarter as compared to 18.31 pence in the same quarter last year. The figure was in sharp contrast with a per-share loss of 32.04 that analysts had predicted. L Brands is currently 65% up year to