L Brands (LB) Feb. Comps Rose 5%
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L Brands, Inc. (NYSE: LB) reported net sales of $849.3 million for the four-week period ended Feb. 27, 2016, an increase of 5% compared to net sales of $806.1 million for the four-week period ended Feb. 28, 2015. Comparable sales (including direct) for the four weeks ended Feb. 27, 2016, increased 5%. Please refer to the table below for comparable store-only sales.
*** The Street was looking for a 5 percent gain.
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 2016
Comparable Sales Increase (Decrease):
| FebruaryTotal company comps(including direct sales) | ||||||||
| 2016 | 2015 | |||||||
| Victoria’s Secret Stores1 | 4 | % | 4 | % | ||||
| Bath & Body Works1 | 9 | % | 5 | % | ||||
| L Brands2 | 5 | % | 4 | % | ||||
1 – Results include company-owned stores in the United States and Canada and direct sales.2 – Results include company-owned stores in the United States, Canada and the UK and direct sales.
| FebruaryStore-only comps | ||||||||
| 2016 | 2015 | |||||||
| Victoria’s Secret Stores1 | 4 | % | 7 | % | ||||
| Bath & Body Works1 | 7 | % | 5 | % | ||||
| L Brands2 | 5 | % | 6 | % | ||||
1 – Results include company-owned stores in the United States and Canada.2 – Results include company-owned stores in the United States, Canada and the UK.
Total Company-Owned Stores:
| StoresOperatingat 1/30/16 | StoresOperatingat 2/27/16 | |||||||||||||
| Opened | Closed | |||||||||||||
| Victoria's Secret U.S. | 990 | 2 | - | 992 | ||||||||||
| PINK U.S. | 128 | - | - | 128 | ||||||||||
| Victoria's Secret Canada | 37 | - | - | 37 | ||||||||||
| PINK Canada | 9 | - | - | 9 | ||||||||||
| Total Victoria’s Secret | 1,164 | 2 | - | 1,166 | ||||||||||
| Bath & Body Works U.S. | 1,574 | 1 | - | 1,575 | ||||||||||
| Bath & Body Works Canada | 98 | - | - | 98 | ||||||||||
| Total Bath & Body Works | 1,672 | 1 | - | 1,673 | ||||||||||
| Victoria’s Secret U.K. | 12 | - | - | 12 | ||||||||||
| PINK U.K. | 2 | - | - | 2 | ||||||||||
| Henri Bendel | 29 | - | - | 29 | ||||||||||
| La Senza Canada | 126 | - | (1 | ) | 125 | |||||||||
| Total L Brands Stores | 3,005 | 3 | (1 | ) | 3,007 | |||||||||
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