L Brands (LB) Reports Flat Comps Growth for May 2016
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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 1/30/16 | Opened | Acquired | Closed | at 5/28/16 | ||||||
Victoria's Secret U.S. | 990 | 5 | - | (4 | ) | 991 | ||||
PINK U.S. | 128 | 1 | - | - | 129 | |||||
Victoria's Secret Canada | 37 | - | - | - | 37 | |||||
PINK Canada | 9 | - | - | - | 9 | |||||
Total Victoria’s Secret | 1,164 | 6 | - | (4 | ) | 1,166 | ||||
Bath & Body Works U.S. | 1,574 | 5 | - | (2 | ) | 1,577 | ||||
Bath & Body Works Canada | 98 | 1 | - | - | 99 | |||||
Total Bath & Body Works | 1,672 | 6 | (2 | ) | 1,676 | |||||
Victoria’s Secret U.K. | 12 | - | - | - | 12 | |||||
PINK U.K. | 2 | 1 | - | - | 3 | |||||
Victoria’s Secret Beauty and Accessories | - | 1 | 26 | - | 27 | |||||
Henri Bendel | 29 | - | - | - | 29 | |||||
La Senza Canada | 126 | - | - | (1 | ) | 125 | ||||
Total L Brands Stores | 3,005 | 14 | 26 | (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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