L Brands (LB) Feb. Comps Increase 3%, Approves $250M Buyback

L Brands, Inc. (NYSE: LB) reported net sales of $853.9 million for the four-week period ended March 3, 2018, compared to net sales of $765.5 million for the four-week period ended Feb. 25, 2017. Comparable sales for the four weeks ended March 3, 2018, increased 3 percent compared to the four weeks ended March 4, 2017.

The company has authorized a new $250 million share repurchase program, which includes the remaining $23.1 million outstanding under the previous program.

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

L BRANDSFEBRUARY 2018

Comparable Sales Increase (Decrease) (Stores and Direct):

1 – Results include company-owned stores in the U.S. and Canada and direct sales.2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China and direct sales.

Comparable Sales Increase (Decrease) (Stores Only):

1 – Results include company-owned stores in the U.S. and Canada.2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China.

Total Company-Owned Stores:

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