L Brands (LB) June Comps Increase 3%
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L Brands, Inc. (NYSE: LB) reported net sales increased 6 percent to $1.282 billion for the five weeks ended July 7, 2018, compared to net sales of $1.213 billion for the five weeks ended July 1, 2017. Comparable sales for the five weeks ended July 7, 2018, increased 3 percent compared to the five weeks ended July 8, 2017.
The company reported net sales of $4.760 billion for the 22 weeks ended July 7, 2018, an increase of 8 percent compared to net sales of $4.424 billion for the 22 weeks ended July 1, 2017. Comparable sales for the 22 weeks ended July 7, 2018, increased 3 percent compared to the 22 weeks ended July 8, 2017.
To hear further commentary provided on L Brands’ prerecorded June sales message, call 1-866-639-7583, or log onto www.LB.com for an audio replay.
Comparable Sales Increase (Decrease):
| JuneTotal company comps(including direct sales) | Year-to-DateTotal company comps(including direct sales) | ||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||
| Victoria’s Secret1 | (1 | %) | (17 | %) | 0 | % | (15 | %) | |||
| Bath & Body Works1 | 10 | % | 8 | % | 9 | % | 4 | % | |||
| L Brands2 | 3 | % | (9 | %) | 3 | % | (9 | %) | |||
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.
| JuneStore only comps | Year-to-DateStore only comps | ||||||||||
| 2018 | 2017 | 2018 | 2017 | ||||||||
| Victoria’s Secret1 | (6 | %) | (12 | %) | (5 | %) | (12 | %) | |||
| Bath & Body Works1 | 7 | % | 5 | % | 6 | % | 2 | % | |||
| L Brands2 | (2 | %) | (6 | %) | (1 | %) | (7 | %) | |||
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:
| Stores | Stores | ||||||
| Operating | Operating | ||||||
| at 2/3/18 | Opened | Closed | at 7/7/18 | ||||
| Victoria's Secret U.S. | 984 | 1 | (5 | ) | 980 | ||
| PINK U.S. | 140 | - | - | 140 | |||
| Victoria's Secret Canada | 39 | - | - | 39 | |||
| PINK Canada | 7 | - | (1 | ) | 6 | ||
| Total Victoria’s Secret | 1,170 | 1 | (6 | ) | 1,165 | ||
| Bath & Body Works U.S. | 1,592 | 18 | (13 | ) | 1,597 | ||
| Bath & Body Works Canada | 102 | - | - | 102 | |||
| Total Bath & Body Works | 1,694 | 18 | (13 | ) | 1,699 | ||
| Victoria’s Secret U.K./Ireland | 19 | - | - | 19 | |||
| PINK U.K. | 5 | - | - | 5 | |||
| Victoria’s Secret Beauty and Accessories | 29 | - | (1 | ) | 28 | ||
| Victoria’s Secret China | 7 | 1 | - | 8 | |||
| Total International | 60 | 1 | (1 | ) | 60 | ||
| Henri Bendel | 27 | - | (3 | ) | 24 | ||
| La Senza U.S. | 5 | - | - | 5 | |||
| La Senza Canada | 119 | - | (1 | ) | 118 | ||
| Total L Brands Stores | 3,075 | 20 | (24 | ) | 3,071 | ||
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