L Brands (LB) June Comps up 6%, Versus Expected 1.3% Rise

L Brands, Inc. (NYSE: LB) reported net sales increased 7% to $1.296 billion for the five weeks ended July 2, 2016, compared to net sales of $1.207 billion for the five weeks ended July 4, 2015. Comparable sales for the five weeks ended July 2, 2016, increased 6%. Estimates called for a 1.3% rise.

The company reported net sales of $4.727 billion for the 22 weeks ended July 2, 2016, an increase of 5% compared to net sales of $4.518 billion for the 22 weeks ended July 4, 2015. Comparable sales for the 22 weeks ended July 2, 2016, increased 3%.

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