Boston, MA 05/09/2014 (wallstreetpr) – On May 8, 2014, L Brands, Inc. (NYSE:LB), announced its April 2014 sales along with increased first quarter earnings guidance. L Brands, via Pink, Victoria’s Secret, Henri Bendel, Bath & Body Works, and La Senza, operates across 2923 company-owned specialty stores in the U.S. The internally renowned company also operate in U.K. and Canada.
Net sales for 4 weeks
The company reported net sales of $717.6 million, which increased 9% over that of the last year, for the four weeks ended May 3, 2014. In comparison, the net sales of the company as on May 4, 2013, was $660.5 million. Hence, the company demonstrated an impressive performance this quarter. Comparable store sales of L Brands escalated 8% for the four weeks ended May 3, 2014.
Net sales for 13 weeks
L Brands, Inc. (NYSE:LB) recorded net sales of $2.391 billion for the thirteen weeks ended May 3, 2014. The figure for the net sales for 13 weeks ended May 4, 2013 was $2.268 billion. Therefore, the company recorded 5% increase in its net sales. Comparable stores of L Brands for the 13 weeks ended May 3, 2014 increased by 2%.
High expectation
Keeping in view the company’s appreciable performance, L Brands anticipate reporting earnings per share in the first quarter within the range of $0.50 to $0.52. It has seemingly enhanced its predictions compared to its previous expectation of the range of $0.44 to $0.49 for the same. All its customers are anxiously waiting to hear the earning’s guidance of the business. L Brands will be announcing an update on its full-year earnings guidance on May 21, 2014.
Those interested can log onto the company’s website to listen to the further commentary on L Brands, Inc. (NYSE:LB)’s pre-recorded sales. All the company’s affiliates, investors and consumers will be able to know the first quarter earnings on May 21, 2014. L Brands will reveal its 1Q2014 earnings report after the market closes on that day. In this context, the company will host its conference call the next day.
