L Brands Reports November 2017 Sales

L Brands, Inc. (NYSE:LB) reported net sales of $1.267 billion for the four weeks ended Nov. 25, 2017, an increase of 2 percent, compared to net sales of $1.246 billion for the four weeks ended Nov. 26, 2016.  Comparable sales decreased 1 percent for the four weeks ended Nov. 25, 2017.  For November, the exit of the swim and apparel categories had a negative impact of about 1 percentage point for both total company and Victoria’s Secret comparable sales.

The company reported net sales of $9.077 billion for the 43 weeks ended Nov. 25, 2017, a decrease of 3 percent compared to net sales of $9.331 billion for the 43 weeks ended Nov. 26, 2016.  Comparable sales decreased 6 percent for the 43 weeks ended Nov. 25, 2017.  For the 43 weeks ended Nov. 25, 2017, the exit of the swim and apparel categories had a negative impact of about 4 percentage points and 6 percentage points to total company and Victoria’s Secret comparable sales, respectively.
http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2319359

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