L Brands Reports August 2017 Sales

L Brands, Inc. (NYSE:LB) reported net sales of $842.1 million for the four weeks ended Aug. 26, 2017, a decrease of 1 percent, compared to net sales of $852.9 million for the four weeks ended Aug. 27, 2016.  Comparable sales decreased 4 percent for the four weeks ended Aug. 26, 2017.  For August, 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 company reported net sales of $6.034 billion for the 30 weeks ended Aug. 26, 2017, a decrease of 5 percent compared to net sales of $6.356 billion for the 30 weeks ended Aug. 27, 2016.  Comparable sales decreased 8 percent for the 30 weeks ended Aug. 26, 2017.  For the 30 weeks ended Aug. 26, 2017, the exit of the swim and apparel categories had a negative impact of about 6 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=2297647

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