• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

L Brands Q2FY17 net sales down to $2.755 billion

22 Aug '17
1 min read

American fashion retailer L Brands has recorded net sales worth $2.755 billion for the second quarter of fiscal 2017 that ended on July 29, 2017, compared to sales worth $2.890 billion for the second quarter of the previous year. The company has reported 8 per cent decrease in the comparable sales for the second quarter of the fiscal 2017.

The second quarter comparable sales decline of 8 per cent was below the company’s expectations. For the reported period, exit of the swim and apparel categories had a negative impact of about 6 percentage points and 9 percentage points to total company and Victoria’s Secret comparable sales, respectively.

Earnings per share for the second quarter of fiscal 2017 were $0.48 compared to $0.87 for the corresponding quarter of the previous year. Second quarter operating income was $300.9 million compared to $408.2 million last year, and net income was $138.9 million compared to $252.4 million last year. (RR)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search