L Brands Reports July 2015 Sales
The company increased its second quarter earnings guidance to $0.66 to $0.68 per share versus its previous guidance of $0.60 to $0.65 per share.
L Brands reported net sales of$759.5 millionfor the four weeks endedAug. 1, 2015, an increase of 3 percent, compared to net sales of$735.3 millionfor the four weeks endedAug. 2, 2014. Comparable store sales increased 3 percent for the four weeks endedAug. 1, 2015. The company reported net sales of$2.765 billionfor the 13 weeks endedAug. 1, 2015, an increase of 3 percent compared to sales of$2.675 billionfor the 13 weeks endedAug. 2, 2014. The company reported a comparable store sales increase of 4 percent for the 13 weeks endedAug. 1, 2015.
The company reported net sales of$5.277 billionfor the 26 weeks endedAug. 1, 2015, an increase of 4 percent compared to sales of$5.067 billionfor the 26 weeks endedAug. 2, 2014. Comparable store sales increased 4 percent for the 26 weeks endedAug. 1, 2015.
The company increased its second quarter earnings guidance to$0.66 to $0.68per share versus its previous guidance of$0.60 to $0.65per share.
L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza andHenri Bendel, is an international company. The company operates 2,976 company-owned specialty stores inthe United States,Canadaand theUnited Kingdom, and its brands are sold in more than 650 additional noncompany-owned locations worldwide.