L Brands Reports November 2018 Sales
December 06 2018 - 7:15AM
L Brands, Inc. (NYSE: LB) reported net sales of $1.596 billion for
the four weeks ended Dec. 1, 2018, compared to net sales of $1.267
billion for the four weeks ended Nov. 25, 2017. Comparable
sales increased 9 percent for the four weeks ended Dec. 1, 2018
compared to the four weeks ended Dec. 2, 2017.
The company reported net sales of $9.980 billion
for the 43 weeks ended Dec. 1, 2018, compared to net sales of
$9.077 billion for the 43 weeks ended Nov. 25, 2017.
Comparable sales increased 4 percent for the 43 weeks ended Dec. 1,
2018, compared to the 43 weeks ended Dec. 2, 2017.
To hear further commentary provided on L Brands’
prerecorded November 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
3,115 company-owned specialty stores in the United States, Canada,
the United Kingdom and Greater China, and its brands are sold in
more than 800 additional franchised 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
We caution 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 November sales call or made
by our company or our management 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 November sales call or
otherwise made by our company or our management:
- 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 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 internationally and related
risks;
- our independent franchise, license and wholesale partners;
- our direct channel businesses;
- our ability to protect our reputation and our brand
images;
- our ability to attract customers with marketing, advertising
and promotional programs;
- our ability to protect our trade names, trademarks and
patents;
- the highly competitive nature of the retail industry and the
segments in which we operate;
- consumer acceptance of our products and our ability to manage
the life cycle of our brands, 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, significant health hazards, environmental hazards or
natural disasters;-- 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;
- our geographic concentration of vendor and distribution
facilities in central Ohio;
- fluctuations in foreign currency exchange rates;
- stock price volatility;
- our ability to pay dividends and related effects;
- our ability 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 associates
and manage labor-related costs;
- the ability of our vendors to deliver products in a timely
manner, meet quality standards and comply with applicable laws and
regulations;
- fluctuations in product input costs;
- our ability to adequately protect our assets from loss and
theft;
- 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 ability to maintain the security of customer, associate,
third-party or company information;
- our ability to comply with regulatory requirements;
- legal and compliance matters; and
- tax, trade and other regulatory 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
November sales call to reflect circumstances existing after the
date of this press release 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 2017 Annual Report on Form 10-K.
For further information,
please contact:L Brands:Investor RelationsAmie Preston(614)
415-6704apreston@lb.com |
|
Media RelationsTammy
Roberts Myers(614) 415-7072communications@lb.com |
|
|
|
L BRANDSNOVEMBER
2018
Comparable Sales Increase (Decrease) (Stores and
Direct):
|
November |
|
Year-to-Date |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
Victoria’s Secret1 |
2 |
% |
|
(6 |
%) |
|
0 |
% |
|
(10 |
%) |
Bath & Body
Works1 |
18 |
% |
|
6 |
% |
|
12 |
% |
|
4 |
% |
L
Brands2 |
9 |
% |
|
(1 |
%) |
|
4 |
% |
|
(6 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
1 – Results include company-owned stores in the U.S. and Canada
and direct sales.2 – Results include company-owned stores in the
U.S., Canada, the U.K. and Greater China and direct sales.
Comparable Sales Increase (Decrease) (Stores
Only):
|
November |
|
Year-to-Date |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
|
Victoria’s Secret1 |
(6 |
%) |
|
(9 |
%) |
|
(5 |
%) |
|
(9 |
%) |
Bath & Body
Works1 |
14 |
% |
|
5 |
% |
|
9 |
% |
|
2 |
% |
L
Brands2 |
3 |
% |
|
(3 |
%) |
|
0 |
% |
|
(6 |
%) |
|
|
|
|
|
|
|
|
|
|
|
|
1 – Results include company-owned stores in the U.S. and
Canada.2 – Results include company-owned stores in the U.S.,
Canada, the U.K. and Greater China.
Total Company-Owned Stores:
|
StoresOperatingat 2/3/18 |
Opened |
Closed |
StoresOperatingat 12/1/18 |
|
|
|
|
|
Victoria's Secret
U.S. |
984 |
2 |
(7 |
) |
979 |
PINK U.S. |
140 |
1 |
- |
|
141 |
Victoria's Secret
Canada |
39 |
- |
- |
|
39 |
PINK Canada |
7 |
- |
(1 |
) |
6 |
Total
Victoria’s Secret |
1,170 |
3 |
(8 |
) |
1,165 |
|
|
|
|
|
Bath & Body Works
U.S. |
1,592 |
50 |
(17 |
) |
1,625 |
Bath & Body Works
Canada |
102 |
1 |
- |
|
103 |
Total
Bath & Body Works |
1,694 |
51 |
(17 |
) |
1,728 |
|
|
|
|
|
Victoria’s Secret
U.K./Ireland |
19 |
2 |
- |
|
21 |
PINK U.K. |
5 |
- |
- |
|
5 |
Victoria’s Secret
Beauty and Accessories |
29 |
4 |
(4 |
) |
29 |
Victoria’s Secret
China |
7 |
7 |
- |
|
14 |
Total
International |
60 |
13 |
(4 |
) |
69 |
|
|
|
|
|
Henri Bendel |
27 |
- |
(4 |
) |
23 |
La Senza U.S. |
5 |
7 |
- |
|
12 |
La Senza Canada |
119 |
- |
(1 |
) |
118 |
Total L Brands
Stores |
3,075 |
74 |
(34 |
) |
3,115 |
|
|
|
|
|
|
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