L Brands (LB) Nov. Comps Decline 1%

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L Brands Reports November 2017 Sales

November 30, 2017 7:15 AM EST

COLUMBUS, Ohio, Nov. 30, 2017 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $1.267 billion for the four weeks ended Nov. 25, 2017, an increase of 2 percent, compared to net sales of $1.246 billion for the four weeks ended Nov. 26, 2016.  Comparable sales decreased 1 percent for the four weeks ended Nov. 25, 2017.  For November, the exit of the swim and apparel categories had a negative impact of about 1 percentage point for both total company and Victorias Secret comparable sales. 

The company reported net sales of $9.077 billion for the 43 weeks ended Nov. 25, 2017, a... More