(Filed Under Financial and General Interest News). L Brands, Inc., (parent to Victoria’s Secret and La Senza), reported “comparable sales for the four weeks ended Feb. 1, 2014 increased 9% compared to the four weeks ended February 2, 2013,” as well as sales increases for the full year 2013.
L Brands “reported net sales of $731.2 million for the four-week period ended February 1, 2014 compared to sales of $986.4 million for the five-week period ended February 2, 2013. Comparable store sales for the 13 week fourth quarter ended February 1, 2014 increased 1% compared to the 13 weeks ended February 2, 2013. Net sales were $3.818 billion for the 13 week fourth quarter ended February 1, 2014 compared to $3.856 billion for the 14 weeks ended February 2, 2013.”
For the 52 weeks ended February 1, 2014 L reported “a comparable stores sales increase of 2%” compared to “the 52 weeks ended February 2, 2013. Net sales were $10.773 billion for the 52 week year ended February 1, 2014 compared to $10.459 billion for the 53 weeks ended February 2, 2013.”
L also announced that it “expects to report fourth quarter earnings per share slightly above its previous guidance of $1.60.”
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