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COLUMBUS, Ohio, Sept. 06, 2018 (GLOBE NEWSWIRE) -- L Brands, Inc. (NYSE: LB) reported net sales of $856.3 million for the four weeks ended Sept. 1, 2018, compared to net sales of $842.1 million for the four weeks ended Aug. 26, 2017. Comparable sales increased 1 percent for the four weeks ended Sept. 1, 2018, compared to the four weeks ended Sept. 2, 2017.
The company reported net sales of $6.466 billion for the 30 weeks ended Sept. 1, 2018, compared to net sales of $6.034 billion for the 30 weeks ended Aug. 26, 2017. Comparable sales increased 2 percent for the 30 weeks ended Sept. 1, 2018, compared to the 30 weeks ended Sept. 2, 2017.
To hear further commentary provided on L Brands’ prerecorded August sales message, call 1-866-639-7583, or log onto www.LB.com for an audio replay.
ABOUT L BRANDS:
L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company. The company operates 3,084 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 800 additional franchised locations worldwide. The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or the August sales call or made by our company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or the August sales call or otherwise made by our company or our management:
We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release or the August sales call to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in Item 1A. Risk Factors in our 2017 Annual Report on Form 10-K.
|Comparable Sales Increase (Decrease) (Stores and Direct):|
|Bath & Body Works1||15%||4%||10%||4%|
|L Brands 2||1 %||(4 %)||2 %||(8 %)|
1 – Results include company-owned stores in the U.S. and Canada and direct sales.
2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China and direct sales.
|Comparable Sales Increase (Decrease) (Stores Only):|
|Bath & Body Works1||14%||0%||7%||1%|
|L Brands 2||(2 %)||(5 %)||(2 %)||(7 %)|
1 – Results include company-owned stores in the U.S. and Canada.
2 – Results include company-owned stores in the U.S., Canada, the U.K. and Greater China.
|Total Company-Owned Stores:|
|at 2/3/18||Opened||Closed||at 9/1/18|
|Victoria's Secret U.S.||984||1||(6||)||979|
|Victoria's Secret Canada||39||-||-||39|
|Total Victoria’s Secret||1,170||1||(7||)||1,164|
|Bath & Body Works U.S.||1,592||31||(15||)||1,608|
|Bath & Body Works Canada||102||-||-||102|
|Total Bath & Body Works||1,694||31||(15||)||1,710|
|Victoria’s Secret U.K./Ireland||19||-||-||19|
|Victoria’s Secret Beauty and Accessories||29||-||(2||)||27|
|Victoria’s Secret China||7||6||-||13|
|La Senza U.S.||5||-||-||5|
|La Senza Canada||119||-||(1||)||118|
|Total L Brands Stores||3,075||38||(29||)||3,084|