- Prachi Singh |
L Brands reported net sales increase of 1 percent to 724.6 million dollars for the four weeks ended May 2, 2015, compared to net sales of 717.6 million dollars for the four weeks ended May 3, 2014. Comparable store sales decreased 1 percent and were negatively impacted by the earlier Easter this year by approximately 5 points.
The company reported net sales of 2.512 billion dollars for the 13 weeks ended May 2, 2015, an increase of 5 percent compared to sales of 2.391 billion dollars for the same period, last year. Comparable store sales increased 5 percent.
The company expects to report adjusted first quarter earnings per share of 0.58 dollar to 0.60 dollar versus its previous guidance of 0.50 dollar to 0.55 dollar. First quarter earnings will be announced on May 20, 2015.