L Brands Reports January 2018 Sales

L Brands, Inc. (NYSE:LB) reported net sales of $1.040 billion for the five-week period ended Feb. 3, 2018, compared to sales of $805.2 million for the four-week period ended Jan. 28, 2017.  The fifth week in January 2018 represented approximately $150 million in sales and $0.07 in earnings per share.  The company reported comparable sales for the five weeks ended Feb. 3, 2018, increased 7 percent compared to the five weeks ended Feb. 4, 2017.

Net sales were $4.823 billion for the 14-week fourth quarter ended Feb. 3, 2018, compared to $4.489 billion for the 13 weeks ended Jan. 28, 2017.  Comparable sales for the 14-week fourth quarter ended Feb. 3, 2018, increased 2 percent compared to the 14 weeks ended Feb. 4, 2017.

Net sales were $12.632 billion for the 53-week year ended Feb. 3, 2018, compared to $12.574 billion for the 52 weeks ended Jan. 28, 2017. Comparable sales for the 53 weeks ended Feb. 3, 2018, decreased 3 percent compared to the 53 weeks ended Feb. 4, 2017.  For the 53 weeks ended Feb. 3, 2018, the exit of the swim and apparel categories had a negative impact of about 3 percentage points and 5 percentage points to total company and Victoria’s Secret comparable sales, respectively.
more at:  http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2331271

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