L Brands Reports September 2017 Sales

L Brands, Inc. (NYSE:LB) reported net sales of $981.6 million for the five weeks ended Sept. 30, 2017, an increase of 1 percent, compared to net sales of $971.4 million for the five weeks ended Oct. 1, 2016.  Comparable sales decreased 2 percent for the five weeks ended Sept. 30, 2017.  For September, the exit of the swim and apparel categories had a negative impact of about 2 percentage points and 3 percentage points to total company and Victoria’s Secret comparable sales, respectively.  The September hurricanes had about a 1 point negative impact to September total sales.

The company reported net sales of $7.015 billion for the 35 weeks ended Sept. 30, 2017, a decrease of 4 percent compared to net sales of $7.328 billion for the 35 weeks ended Oct. 1, 2016.  Comparable sales decreased 7 percent for the 35 weeks ended Sept. 30, 2017.  For the 35 weeks ended Sept. 30, 2017, the exit of the swim and apparel categories had a negative impact of about 5 percentage points and 8 percentage points to total company and Victoria’s Secret comparable sales, respectively.
http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2304827

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