L Brands (LB) stock: will it bounce back?

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The company as an established record of beating earnings estimates--the average surprise for the past two quarters was 8%.

However, the overall retail environment is not very favorable. Retail and department store sales have taken a hit as e-commerce expanded, providing tough competition.

L Brands' revenue per store has declined in the past two years, and the number of new store openings is record low--only one in 2017. The company is now focused on international markets growth; by-and-large, it is ignoring poor results in the United States.

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