Buckingham Research Downgrades L Brands (LB) to Neutral

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Go back to Buckingham Research Downgrades L Brands (LB) to Neutral

L Brands (LB) Jan. Comps Rose 7%; Boosts Q4 EPS Outlook

February 5, 2015 7:01 AM EST

L Brands (NYSE: LB) reported net sales of $783.1 million for the four-week period ended Jan. 31, 2015, an increase of 7% compared to sales of $731.2 million for the four-week period ended Feb. 1, 2014. Comparable store sales for the four weeks ended Jan. 31, 2015, increased 7%.

Net sales for the fourth quarter ended Jan. 31, 2015, were $4.069 billion, an increase of 7% compared to $3.818 billion for the quarter ended Feb. 1, 2014. Comparable store sales for the fourth quarter ended Jan. 31, 2015,... More