L Brands, Inc. Announces Sales Results for the Five Weeks and Forty Eight Weeks Ended Dec. 31, 2016; Revises Earnings Guidance for the Fourth Quarter of 2016
January 05, 2017 at 07:15 am
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L Brands, Inc. announced sales results for the five weeks and forty eight weeks ended Dec. 31, 2016. It reported net sales of $2.438 billion for the five weeks ended Dec. 31, 2016, an increase of 1%, compared to net sales of $2.415 billion for the five weeks ended Jan. 2, 2016. Comparable sales decreased 1% for the five weeks ended Dec. 31, 2016.
The company reported net sales of $11.769 billion for the 48 weeks ended Dec. 31, 2016, an increase of 4% compared to net sales of $11.343 billion for the 48 weeks ended Jan. 2, 2016. Comparable sales increased 2% for the 48 weeks ended Dec. 31, 2016.
The company stated that it now expects fourth quarter earnings per share to be toward the lower end of its previous guidance of $1.85 to $2.00.
Bath & Body Works, Inc. is an omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States (U.S.) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. Its international business is conducted through franchise, license and wholesale partners. It offers a range of care and home fragrance, including collections of fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Its products are differentiated through a combination of fragrance, packaging and quality at accessible prices. It also sells products under its sub brands, including White Barn. Its merchandise is sold through about 1,850 Company-operated stores and e-commerce sites in U.S. and Canada, and in 485 stores and 28 e-commerce sites in more than 40 other countries operating under franchise, license and wholesale arrangements.
L Brands, Inc. Announces Sales Results for the Five Weeks and Forty Eight Weeks Ended Dec. 31, 2016; Revises Earnings Guidance for the Fourth Quarter of 2016
BATH & BODY WORKS, INC. 
