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L Brands Q4 and January net sales improve 7 percent

By Prachi Singh

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L Brands registered net sales of 783.1 million dollars for the four-week period ended January 31, 2015, an increase of 7 percent compared to sales of 731.2 million dollars for the four-week period ended February 1, 2014. Comparable store sales for the four weeks increased 7 percent.

Net sales for the fourth quarter ended January 31, 2015, were 4.069 billion dollars, an increase of 7 percent compared to 3.818 billion dollars for the quarter ended February 1, 2014. Comparable store sales for the fourth quarter increased 6 percent.

Net sales were 11.454 billion dollars for the year ended January 31, 2015, an increase of 6 percent compared to 10.773 billion dollars for the year ended February 1, 2014. Comparable stores sales for the year increased 4 percent.

The company expects to report fourth quarter earnings per share between 1.78 dollars and 1.80 dollars, above its previous guidance of 1.61 dollars to 1.71 dollars. The company will report fourth quarter results and provide 2015 earnings guidance on February 26, 2015.

L BRANDS