Home / Knowledge / News / Apparel/Garments / Q4FY15 sales up 7% at apparel marketer L Brands
Q4FY15 sales up 7% at apparel marketer L Brands
10
Feb '15
In preliminary estimates, marketer of intimates’ iconic brand Victoria Secret, L Brands said its net sales for the fourth quarter rose 7 per cent year on year for the fourth fiscal quarter ended January 31, 2015.

Net sales for the fourth quarter of fiscal 2105 totaled $4.069 billion, up 7 per cent compared to $3.818 billion for the same quarter of fiscal 2014, while comparable store sales rose slower by 6 per cent.

L Brand reported sales hike of 6 per cent year on year to $11.45 billion in fiscal 2015, while here too, comparable stores sales for the fiscal year increased slower by 4 per cent.

For the four-week period ended January 31, 2015, the apparel marketer reported net sales of $783.1 million, an increase of 7 per cent from four-week period ended February 1, 2014.

L Brands expects to report fourth quarter earnings per share between $1.78 and $1.80, above its previous guidance of $1.61 to $1.71.

The company is increasing its annual ordinary dividend by 47 per cent to $2.00 per share from $1.36 per share. In addition, L Brands announced a special dividend of $2.00 per share.

It said the quarterly ordinary dividend of $0.50 per share and the $2.00 special dividend will be paid on March 6, 2015, to shareholders of record on February 20, 2015.

Additionally, it has authorised a new $250 million share repurchase program, which includes the remaining $91 million outstanding under the previous program.

The clothing marketer repurchased $84 million of stock in 2014 and said; repurchases will be made at the times, in the amounts and in the manner that the company believes appropriate.

CEO Leslie Wexner said, "I am very proud and appreciative of the team's focus and the disciplined execution in our business, which drove record performance in 2014.”

“The dividend and share repurchase actions announced today reflect confidence in our growth opportunities and commitment to delivering shareholder value," she added.

L Brands will report fourth quarter results and provide 2015 earnings guidance on its earnings call, which will be held on February 26, 2015.

L Brands manages and markets brands like Victoria's Secret, PINK, Bath & Body Works, La Senza and Henri Bendel and operates 2,969 company-owned specialty stores in the US, Canada and UK. (AR)

Fibre2fashion News Desk - India


Must ReadView All

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Top executives
Textile & apparel bodies

The decision is transformational

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search