L Brands Reports June 2017 Sales

L Brands, Inc. (NYSE:LB) reported net sales decreased 6 percent to  $1.213 billion for the five weeks ended July 1, 2017, compared to net sales of $1.296 billion for the five weeks ended July 2, 2016.  Comparable sales for the five weeks ended July 1, 2017, decreased 9 percent.  For June, the exit of the swim and apparel categories had a negative impact of about 7 percentage points and 10 percentage points to total company and Victoria’s Secret comparable sales, respectively.

The company reported net sales of $4.424 billion for the 22 weeks ended July 1, 2017, a decrease of 6 percent compared to net sales of $4.727 billion for the 22 weeks ended July 2, 2016.  Comparable sales for the 22 weeks ended July 1, 2017, decreased 9 percent.  For the 22 weeks ended July 1, 2017, the exit of the swim and apparel categories had a negative impact of about 7 percentage points and 10 percentage points to total company and Victoria’s Secret comparable sales, respectively.
http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2284852

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