Home / Knowledge / News / Fashion / L Brands reports FY19 net sales of $12.914 billion

L Brands reports FY19 net sales of $12.914 billion

27
Feb '20
Pic: L Brands
Pic: L Brands
L Brands, a US based fashion retailer, reported a marginal 1 per cent reduction in net sales to $12.914 billion in fiscal 2019, that ended on February 1, 2020. Net sales in the Q4 FY19 fell 2 per cent to $4.707 billion compared to $4.852 billion in the same period prior year.  The Bath & Body Works business reported record results in Q4 and full FY19.
 
Company's operating income in Q4 FY19 was $81.7 million compared to $799.4 million same period prior year. L Brand reported net loss of $192.3 million compared to net income of $540.1 million in same period prior year.
 
Operating income for full year was reported at $258.4 million compared to $1.237 billion last year. The reported net loss was $366.4 million compared to net income of $643.9 million last year.
 
For the full year, Bath & Body Works North America segment comparable sales increased 10 per cent, including a 5 per cent increase in stores and a 32 per cent increase in the direct business. Sales increased 12 per cent to $5.170 billion and operating income increased 11 per cent to $1.191 billion.
 
In the Victoria's Secret North America segment, sales for the full year declined 8 per cent to $6.805 billion.  The full-year reported operating loss, which reportedly includes significant items of $730.7 million in non-cash impairment charges, was $616.1 million.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 31st Mar 2020

UN calls for $2.5-trn rescue package for developing world

The COVID-19 pandemic will drive the world economy into recession...

Pic: Shutterstock

Textiles | On 31st Mar 2020

Bangladesh seeks $1 bn from IMF, WB to face COVID-19

Bangladesh has recently sought $1 billion in support from the...

Pic: Shutterstock

Textiles | On 31st Mar 2020

Cambodia to explore FTA with EAEU with Russian help

Cambodian deputy prime minister Hor Namhong recently met Russian...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

RoSCTL is need of the hour

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


March 2020

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


Advanced Search