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L Brands sales hikes 9% in four weeks ended Feb 1

February 07, 2014 (United States Of America)

L Brands, Inc. reported comparable store sales for the four weeks ended Feb. 1, 2014 increased 9% compared to the four weeks ended Feb. 2, 2013.  The Company reported net sales of $731.2 million for the four-week period ended Feb. 1, 2014 compared to sales of $986.4 million for the five-week period ended Feb. 2, 2013. 
 
Comparable store sales for the 13 week fourth quarter ended Feb. 1, 2014 increased 1% compared to the 13 weeks ended Feb. 2, 2013.  Net sales were $3.818 billion for the 13 week fourth quarter ended Feb. 1, 2014 compared to $3.856 billion for the 14 weeks ended Feb. 2, 2013. 
 
The Company reported a comparable stores sales increase of 2% for the 52 week year ended Feb. 1, 2014, compared to the 52 weeks ended Feb. 2, 2013. Net sales were $10.773 billion for the 52 week year ended Feb. 1, 2014 compared to $10.459 billion for the 53 weeks ended Feb. 2, 2013.
 
The Company expects to report fourth quarter earnings per share slightly above its previous guidance of $1.60.
 
ABOUT L BRANDS:
L Brands, through Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, is an international company.  The company operates 2,648 specialty stores in the United States and its brands are sold in about 800 company-operated and franchised additional locations world-wide.  
 

L Brands
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