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L Brands reports 2 percent rise in April net sales

By Prachi Singh

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Business |REPORT

L Brands net sales increased 2 percent to 737.5 million dollars for the four weeks ended April 30, 2016, compared to net sales of 724.6 million dollars for the four weeks ended May 2, 2015. Comparable sales increased 1percent.

The company reported net sales of 2.614 billion dollars for the first quarter, an increase of 4 percent compared to sales of 2.512 billion dollars for the quarter ended May 2, 2015. Comparable sales increased 3 percent.

The company expects to report adjusted first quarter earnings per share at the high end of its previous guidance of 0.50 dollar to 0.55 dollar.

L BRANDS