L Brands Reports Flat July Comps.; Sees Q2 Earnings Towards Top End Of Range

(RTTNews) - L Brands, Inc. (LB) reported that its net sales for the four weeks ended August 4, 2018 rose to $849.7 million from $767.7 million in the same period last year. Comparable sales for the period were flat compared to the year-ago period.

For the 13 weeks ended August 4, 2018, net sales rose to $2.98 billion from $2.76 billion in the year-ago period. Comparable sales for the period rose 3 percent from last year.

Looking ahead, L Brands said it expects to report second-quarter earnings per share toward the high end of its previous guidance range of $0.30 to $0.35 per share.