COLUMBUS, Ohio, July 9, 2015 /PRNewswire/ -- L Brands, Inc.
(NYSE: LB) reported net sales increased 3% to $1.207 billion for the five weeks ended
July 4, 2015, compared to net sales
of $1.176 billion for the five weeks
ended July 5, 2014. Comparable
store sales for the five weeks ended July 4,
2015, increased 3%.
The company reported net sales of $4.518
billion for the 22 weeks ended July
4, 2015, an increase of 4% compared to sales of $4.331 billion for the 22 weeks ended
July 5, 2014. Comparable store
sales for the 22 weeks ended July 4,
2015, increased 4%.
To hear further commentary provided on L Brands' prerecorded
June 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 2,972
company-owned specialty stores in the
United States, Canada and
the United Kingdom, and its brands
are sold in more than 650 additional noncompany-owned 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
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 June 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
June 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
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 franchise, license and
wholesale partners;
- 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;
- disruption due to labor disputes; and
- changing expectations regarding product safety due to new
legislation;
- fluctuations in foreign currency exchange rates;
- 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-related 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 maintain the security of customer, associate,
supplier or company information;
- 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
June sales call to reflect circumstances existing after the date of
this press release or the June sales call 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 2014 Annual Report on Form 10-K.
L BRANDS
JUNE 2015
Comparable Store Sales Increase (Decrease):
|
June
2015
|
|
June
2014
|
|
Year
To Date
2015
|
|
Year
To Date
2014
|
|
|
|
|
|
|
|
|
|
|
Victoria's
Secret1
|
1%
|
|
3%
|
|
4%
|
|
2%
|
|
Bath & Body
Works1
|
6%
|
|
1%
|
|
5%
|
|
2%
|
|
L
Brands
|
3%
|
|
2%
|
|
4%
|
|
2%
|
|
Victoria's
Secret
Direct
Sales
|
(4%)
|
|
6%
|
|
(5%)
|
|
0%
|
|
1 – Results include company-owned stores in
the United States and Canada.
Total Company-Owned Stores:
|
|
Stores
|
|
Stores
|
|
|
Operating
|
Operating
|
|
|
at 1/31/15
|
Opened
|
Closed
|
at 7/4/15
|
|
|
|
|
|
|
Victoria's Secret
U.S.
|
|
983
|
3
|
(2)
|
984
|
PINK U.S.
|
|
115
|
6
|
(1)
|
120
|
Victoria's Secret
Canada
|
|
31
|
1
|
-
|
32
|
PINK
Canada
|
|
10
|
-
|
-
|
10
|
Total
Victoria's Secret
|
|
1,139
|
10
|
(3)
|
1,146
|
|
|
|
|
|
|
Bath & Body Works
U.S.
|
|
1,558
|
8
|
(3)
|
1,563
|
Bath & Body Works
Canada
|
|
88
|
3
|
-
|
91
|
Total
Bath & Body Works
|
|
1,646
|
11
|
(3)
|
1,654
|
|
|
|
|
|
|
Victoria's Secret
U.K.
|
|
8
|
-
|
-
|
8
|
PINK U.K.
|
|
2
|
-
|
-
|
2
|
Henri
Bendel
|
|
29
|
-
|
-
|
29
|
La Senza
Canada
|
|
145
|
-
|
(12)
|
133
|
Total L Brands
Stores
|
|
2,969
|
21
|
(18)
|
2,972
|
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SOURCE L Brands, Inc.