Sales at L Brands Slowed at Start of 2019
08 February 2019 - 12:08AM
Dow Jones News
By Micah Maidenberg
L Brands Inc. (LB) said Thursday that sales fell at the start of
the year, but the company reported gains over longer time
frames.
The retailer and owner of the Victoria's Secret brand reported
net sales of $780.1 million for the four-week period that ended
Feb. 2, a decline from the same period last year, when the retailer
reported $1.04 billion in net sales over five weeks. Sales over
comparable four-week periods fell 1%.
Net sales for the quarter that ended Feb. 2 ticked up from $4.85
billion from $4.82 billion the year earlier. Adjusting for the
extra week a year ago, sales rose 3%, the company said.
For the year that ended Feb. 2, L Brands reported sales of
$13.24 billion, up from $12.63 billion over 53 weeks. Revenue was
up 3% when comparing 52-week periods.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
February 07, 2019 07:53 ET (12:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
LandBridge (NYSE:LB)
Historical Stock Chart
From Jun 2024 to Jul 2024
LandBridge (NYSE:LB)
Historical Stock Chart
From Jul 2023 to Jul 2024
