Cowen Affirms L Brands (LB) at 'Outperform' Following Solid Sept. Comps
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L Brands Reports September 2016 Sales
October 6, 2016 7:15 AM EDTCOLUMBUS, Ohio, Oct. 06, 2016 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $971.4 million for the five weeks ended Oct. 1, 2016, an increase of 6 percent, compared to net sales of $919.9 million for the five weeks ended Oct. 3, 2015. Comparable sales increased 3 percent for the five weeks ended Oct. 1, 2016.
The company reported net sales of $7.328 billion for the 35 weeks ended Oct. 1, 2016, an increase of 4 percent compared to net sales of $7.023 billion for the 35 weeks ended Oct. 3, 2015. Comparable sales increased 3 percent for the 35 weeks ended Oct. 1, 2016.
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