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L Brands October net sales up 5 percent, reiterates Q3 outlook

By Prachi Singh

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L Brands reported net sales of 735.6 million dollars for the four weeks ended October 31, 2015, representing an increase of 5 percent, compared to net sales of 700 million dollars for the four weeks ended November 1, 2014. Comparable store sales increased 5 percent during the month under review.

The company reported net sales of 2.482 billion dollars for the 13 weeks ended October 31, 2015, an increase of 7 percent compared to net sales of 2.319 billion dollars for the 13 weeks ended November 1, 2014. Comparable store sales increased 7 percent.

The company reported net sales of 7.759 billion dollars for the 39 weeks ended October 31, 2015, an increase of 5 percent compared to net sales of 7.385 billion dollars for the 39 weeks ended November 1, 2014. Comparable store sales increased 5 percent.

Reiterating its third quarter guidance the company now expects earnings per share between 0.51 dollar and 0.53 dollar, versus its previous guidance of 0.40 dollar to 0.45 dollar and last year’s result of 0.44 dollar. The company will provide fourth quarter earnings guidance when it reports third quarter earnings after the close of the market on November 18, 2015.

L BRANDS