L Brands (LB) Dec. Comps Rose 8%

L Brands, Inc. (NYSE: LB) reported net sales of $2.415 billion for the five weeks ended Jan. 2, 2016, an increase of 9 percent, compared to net sales of $2.207 billion for the five weeks ended Jan. 3, 2015. Comparable store sales increased 8 percent for the five weeks ended Jan. 2, 2016.

Leslie H. Wexner, chairman and CEO, commented, “We delivered our best December ever. Victoria’s Secret, PINK and Bath & Body Works are great brands with high emotional content, and our teams worked hard to deliver exceptional merchandise and experiences to our customers. We remain focused on execution and transitioning to spring with continued momentum.”

The company reported net sales of $11.343 billion for the 48 weeks ended Jan. 2, 2016, an increase of 6 percent compared to net sales of $10.671 billion for the 48 weeks ended Jan. 3, 2015. Comparable store sales increased 6 percent for the 48 weeks ended Jan. 2, 2016.

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

You May Also Be Interested In

• Braemar Hotels responds to Al Shams court filing
• LandBridge Schedules Second Quarter Earnings Release and Conference Call
• Wrap Technologies outlines platform shift toward AI-driven public safety