Stifel Remains Positive on L Brands (LB) Following August Sales; Says Thesis Remains Intact
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L Brands Reports August 2016 Sales
September 1, 2016 7:15 AM EDTCOLUMBUS, Ohio, Sept. 01, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $852.9 million for the four weeks ended Aug. 27, 2016, an increase of 3 percent, compared to net sales of $826.0 million for the four weeks ended Aug. 29, 2015. Comparable sales increased 2 percent for the four weeks ended Aug. 27, 2016.
The company reported net sales of $6.356 billion for the 30 weeks ended Aug. 27, 2016, an increase of 4 percent compared to net sales of $6.103 billion for the 30 weeks ended Aug. 29, 2015. Comparable sales increased 3 percent for the 30 weeks ended Aug. 27, 2016.
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