L Brands (LB) Comps Rose 4% in Nov., Topping Views
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L Brands, Inc. (NYSE: LB) reported net sales of $1.246 billion for the four weeks ended Nov. 26, 2016, an increase of 7 percent, compared to net sales of $1.169 billion for the four weeks ended Nov. 28, 2015. Comparable sales increased 4 percent for the four weeks ended Nov. 26, 2016.
(NOTE: The Street was looking for a comparable-store sales increase of 1.6 percent for the month.)
The company reported net sales of $9.331 billion for the 43 weeks ended Nov. 26, 2016, an increase of 5 percent compared to net sales of $8.928 billion for the 43 weeks ended Nov. 28, 2015. Comparable sales increased 3 percent for the 43 weeks ended Nov. 26, 2016.
To hear further commentary provided on L Brands’ prerecorded November sales message, call 1-866-639-7583 or log onto www.LB.com for an audio replay.
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