Bay Street News

L Brands Reports November 2018 Sales

COLUMBUS, Ohio, Dec. 06, 2018 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE: LB) reported net sales of $1.596 billion for the four weeks ended Dec. 1, 2018, compared to net sales of $1.267 billion for the four weeks ended Nov. 25, 2017.  Comparable sales increased 9 percent for the four weeks ended Dec. 1, 2018 compared to the four weeks ended Dec. 2, 2017. 

The company reported net sales of $9.980 billion for the 43 weeks ended Dec. 1, 2018, compared to net sales of $9.077 billion for the 43 weeks ended Nov. 25, 2017.  Comparable sales increased 4 percent for the 43 weeks ended Dec. 1, 2018, compared to the 43 weeks ended Dec. 2, 2017. 

To hear further commentary provided on L Brands’ prerecorded November 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 3,115 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 November 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 November 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 November 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.

For further information, please contact:
L Brands:
Investor Relations
Amie Preston
(614) 415-6704
apreston@lb.com
  Media Relations
Tammy Roberts Myers
(614) 415-7072
communications@lb.com
     

L BRANDS
NOVEMBER 2018

Comparable Sales Increase (Decrease) (Stores and Direct):

  November   Year-to-Date
  2018     2017     2018     2017  
               
Victoria’s Secret1 2 %   (6 %)   0 %   (10 %)
Bath & Body Works1 18 %   6 %   12 %   4 %
L Brands2  9 %    (1 %)    4 %    (6 %)
                       

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):

  November   Year-to-Date
  2018     2017     2018     2017  
               
Victoria’s Secret1 (6 %)   (9 %)   (5 %)   (9 %)
Bath & Body Works1 14 %   5 %   9 %   2 %
L Brands2  3 %    (3 %)    0 %    (6 %)
                       

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:

  Stores
Operating
at 2/3/18
Opened Closed Stores
Operating
at 12/1/18
         
Victoria’s Secret U.S. 984 2 (7 ) 979
PINK U.S. 140 1   141
Victoria’s Secret Canada 39   39
PINK Canada 7 (1 ) 6
Total Victoria’s Secret 1,170 3 (8 ) 1,165
         
Bath & Body Works U.S. 1,592 50 (17 ) 1,625
Bath & Body Works Canada  102 1   103
Total Bath & Body Works 1,694 51 (17 ) 1,728
         
Victoria’s Secret U.K./Ireland 19 2   21
PINK U.K. 5   5
Victoria’s Secret Beauty and Accessories 29 4 (4 ) 29
Victoria’s Secret China 7 7   14
Total International 60 13 (4 ) 69
         
Henri Bendel 27 (4 ) 23
La Senza U.S. 5 7   12
La Senza Canada 119 (1 ) 118
Total L Brands Stores 3,075 74 (34 ) 3,115