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L Brands (LB) Reports Flat Comps Growth for May 2016

June 2, 2016 7:16 AM EDT

L Brands, Inc. (NYSE: LB) reported net sales increased 2% to $816.6 million for the four weeks ended May 28, 2016, compared to net sales of $799.1 million for the four weeks ended May 30, 2015. Comparable sales for the four weeks ended May 28, 2016, were flat.

The company reported net sales of $3.430 billion for the 17 weeks ended May 28, 2016, an increase of 4% compared to net sales of $3.311 billion for the 17 weeks ended May 30, 2015. Comparable sales for the 17 weeks ended May 28, 2016, increased 2%.

To hear further commentary provided on L Brands’ prerecorded May sales message, call 1-866-639-7583, or log onto www.LB.com for an audio replay.

L BRANDSMAY 2016

Comparable Sales Increase (Decrease):

MayTotal company comps(stores and direct) Year-to-dateTotal company comps(stores and direct)
2016 2015 2016 2015
Victoria’s Secret Stores1 (1%) 3% 1% 3%
Bath & Body Works1 3% 6% 5% 5%
L Brands2 0% 4% 2% 4%

1 – Results include company-owned stores in the United States and Canada and direct sales.2 – Results include company-owned stores in the United States, Canada and the UK and direct sales.

MayStore only comps Year-to-dateStore only comps
2016 2015 2016 2015
Victoria’s Secret Stores1 (2%) 5% 0% 5%
Bath & Body Works1 2% 5% 3% 4%
L Brands2 (1%) 5% 1% 5%

1 – Results include company-owned stores in the United States and Canada.2 – Results include company-owned stores in the United States, Canada and the UK.

Total Company-Owned Stores:

Stores Stores
Operating Operating
at 1/30/16OpenedAcquiredClosedat 5/28/16
Victoria's Secret U.S. 9905- (4)991
PINK U.S. 1281- - 129
Victoria's Secret Canada 37-- - 37
PINK Canada 9-- - 9
Total Victoria’s Secret 1,1646- (4)1,166
Bath & Body Works U.S. 1,5745- (2)1,577
Bath & Body Works Canada 981- - 99
Total Bath & Body Works 1,6726 (2)1,676
Victoria’s Secret U.K. 12-- - 12
PINK U.K. 21- - 3
Victoria’s Secret Beauty and Accessories -126 - 27
Henri Bendel 29-- - 29
La Senza Canada 126-- (1)125
Total L Brands Stores 3,0051426 (7)3,038

For further information, please contact:

L Brands:
Investor Relations
Amie Preston
(614) 415-6704
[email protected]

Media Relations
Tammy Roberts Myers
(614) 415-7072
[email protected]

Source: L Brands Inc



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