L Brands (LB) Feb. Comps Rose 5%

March 3, 2016 7:17 AM EST

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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