L Brands (LB) Declares $0.60 Quarterly Dividend; 4.1% Yield
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L Brands (LB) January Comps Fall 4%, Sees Q4 EPS of ~$1.90 vs $1.87 Cons; New $250M Buyback
February 2, 2017 7:48 AM ESTL Brands, Inc. (NYSE: LB) reported net sales for the four-week period ended Jan. 28, 2017, were $805.2 million, a decrease of 1 percent compared to sales of $811.3 million for the four-week period ended Jan. 30, 2016. Comparable sales for the four weeks ended Jan. 28, 2017, decreased 4 percent. For January, the exit of the swim and apparel categories had a negative impact of 5 percentage points and 7 percentage points to total company and Victorias Secret comparable sales, respectively.
Net sales for the fourth quarter ended Jan.... More
