COLUMBUS, Ohio, Feb. 6, 2014 /PRNewswire/ -- L Brands, Inc.
(NYSE: LB) reported comparable store sales for the four weeks ended
Feb. 1, 2014 increased 9% compared to
the four weeks ended Feb. 2,
2013. The Company reported net sales of $731.2 million for the four-week period ended
Feb. 1, 2014 compared to sales of
$986.4 million for the five-week
period ended Feb. 2, 2013.
(Logo: http://photos.prnewswire.com/prnh/20140130/CL56250LOGO
)
Comparable store sales for the 13 week fourth quarter ended
Feb. 1, 2014 increased 1% compared to
the 13 weeks ended Feb. 2,
2013. Net sales were $3.818
billion for the 13 week fourth quarter ended Feb. 1, 2014 compared to $3.856 billion for the 14 weeks ended
Feb. 2, 2013.
The Company reported a comparable stores sales increase of 2%
for the 52 week year ended Feb. 1,
2014, compared to the 52 weeks ended Feb. 2, 2013. Net sales were $10.773 billion for the 52 week year ended
Feb. 1, 2014 compared to $10.459 billion for the 53 weeks ended
Feb. 2, 2013.
The Company expects to report fourth quarter earnings per share
slightly above its previous guidance of $1.60.
To hear further commentary provided on L Brands' prerecorded
January sales message, call 1-866-639-7583 (1-866-NEWS-LTD), or log
onto www.LB.com for an audio replay. The company will
release its fourth quarter earnings after the close of the market
on Feb. 26, and hold its conference
call at 9 a.m. Eastern Time on Feb
27.
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 2,648
specialty stores in the United
States and its brands are sold in about 800 company-operated
and franchised additional locations world-wide. 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
L Brands, Inc. cautions 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 January sales
call 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 January sales call:
- general economic conditions, consumer confidence, consumer
spending patterns and market disruptions including severe weather
conditions, natural disasters, health hazards, terrorist
activities, financial crises, political crises or other major
events, or the prospect of these events;
- the seasonality of our business;
- the dependence on a high volume of mall traffic and the
possible lack of availability of suitable store locations on
appropriate terms;
- our ability to grow through new store openings and existing
store remodels and expansions;
- our ability to successfully expand into global markets and
related risks;
- our relationships with independent licensees and
franchisees;
- our direct channel businesses;
- our failure to protect our reputation and our brand
images;
- our failure to protect our trade names, trademarks and
patents;
- the highly competitive nature of the retail industry generally
and the segments in which we operate particularly;
- consumer acceptance of our products and our ability to keep up
with fashion trends, develop new merchandise and launch new product
lines successfully;
- our ability to source, distribute and sell goods and materials
on a global basis, including risks related to:
- political instability;
- duties, taxes and other charges;
- legal and regulatory matters;
- volatility in currency exchange rates;
- local business practices and political issues;
- potential delays or disruptions in shipping and transportation
and related pricing impacts;
- the disruption of production or distribution by labor disputes;
and
- changing expectations regarding product safety due to new
legislation;
- stock price volatility;
- our failure to maintain our credit rating;
- our ability to service or refinance our debt;
- our ability to retain key personnel;
- our ability to attract, develop and retain qualified employees
and manage labor costs;
- the inability of our manufacturers to deliver products in a
timely manner and meet quality standards;
- fluctuations in product input costs;
- fluctuations in energy costs;
- increases in the costs of mailing, paper and printing;
- claims arising from our self-insurance;
- our ability to implement and maintain information technology
systems and to protect associated data;
- our failure to comply with regulatory requirements;
- tax matters; and
- legal and compliance matters.
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
January sales call to reflect circumstances existing after the date
of this report 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
2012 Annual Report on Form 10-K.
L
BRANDS
|
JANUARY
2014
|
|
Comparable Store
Sales Increase (Decrease) (Comparable Calendar
Basis):
|
|
|
January
2014
|
|
January
2013
|
|
Fourth
Quarter
2013
|
|
Fourth
Quarter
2012
|
|
Year
2013
|
|
Year
2012
|
|
|
|
|
|
|
|
|
|
|
|
|
Victoria's Secret
Stores
|
10%
|
|
8%
|
|
3%
|
|
3%
|
|
3%
|
|
7%
|
Bath & Body
Works
|
6%
|
|
10%
|
|
(1%)
|
|
7%
|
|
1%
|
|
7%
|
La Senza
|
4%
|
|
15%
|
|
(3%)
|
|
0%
|
|
2%
|
|
(2%)
|
L
Brands
|
9%
|
|
9%
|
|
1%
|
|
5%
|
|
2%
|
|
6%
|
Victoria's
Secret
Direct
Sales
|
(12%)
|
|
(5%)
|
|
(1%)
|
|
(1%)
|
|
(3%)
|
|
1%
|
Total Sales
(Millions):
|
|
|
Fourth Quarter
2013
(13 weeks)
|
|
Fourth Quarter
2012
(14 weeks)
|
|
Year 2013
(52 weeks)
|
|
Year 2012
(53 weeks)
|
|
|
|
|
|
|
|
|
Victoria's Secret
Stores
|
$ 1,724.2
|
|
$ 1,713.4
|
|
$ 5,165.1
|
|
$ 4,980.6
|
Victoria's Secret
Direct
|
504.5
|
|
534.0
|
|
1,516.1
|
|
1,593.2
|
Total
Victoria's Secret
|
$ 2,228.7
|
|
$ 2,247.4
|
|
$ 6,681.2
|
|
$ 6,573.8
|
Bath & Body
Works
|
$ 1,205.4
|
|
$ 1,249.6
|
|
$ 2,932.3
|
|
$ 2,902.2
|
La Senza
|
$
92.8
|
|
$
102.4
|
|
$
326.8
|
|
$
355.5
|
Other
|
$ 291.3
|
|
$ 256.2
|
|
$ 832.9
|
|
$ 627.2
|
L
Brands
|
$
3,818.2
|
|
$
3,855.6
|
|
$
10,773.2
|
|
$
10,458.7
|
Total
Company-Operated Stores:
|
|
|
|
|
|
Stores
|
|
|
Stores
|
|
Operating
|
|
|
Operating
|
|
at 2/2/13
|
Opened
|
Closed
|
at 2/1/14
|
|
|
|
|
|
Victoria's Secret
Stores
|
1,019
|
54
|
(13)
|
1,060
|
Bath & Body
Works
|
1,571
|
8
|
(20)
|
1,559
|
Henri
Bendel
|
29
|
-
|
-
|
29
|
Total
United States
|
2,619
|
62
|
(33)
|
2,648
|
|
|
|
|
|
La Senza
Canada
|
158
|
-
|
(1)
|
157
|
Bath & Body Works
Canada
|
71
|
8
|
-
|
79
|
Victoria's Secret
Canada
|
26
|
8
|
-
|
34
|
Victoria's Secret
UK
|
2
|
3
|
-
|
5
|
Total L
Brands
|
2,876
|
81
|
(34)
|
2,923
|
SOURCE L Brands, Inc.