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L Brands July net sales up 3 percent

By Prachi Singh

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L Brands reported net sales of 759.5 million dollars for the four weeks ended August 1, 2015, an increase of 3 percent, compared to net sales of 735.3 million dollars for the four weeks ended August 2, 2014. Comparable store sales increased 3 percent for the four weeks.

The company reported net sales of 2.765 billion dollars for the 13 weeks ended August 1, 2015, an increase of 3 percent compared to sales of 2.675 billion dollars for the 13 weeks ended August 2, 2014. Comparable store sales increased 4 percent for the period under review. The company reported net sales of 5.277 billion dollars for the 26 weeks ended August 1, 2015, an increase of 4 percent. Comparable store sales increased 4 percent for the 26 weeks.

The company has increased its second quarter earnings guidance to 0.66 dollar to 0.68 dollar per share against its previous guidance of 0.60 dollar to 0.65 dollar per share.

L BRANDS