L Brands keeps setting sales records

L Brands raised its profit outlook for the year after reporting record sales in the fourth quarter.



For the fourth quarter ended Jan. 30, the company had net sales of $4.395 billion, an increase of 8% compared to $4.069 billion for the quarter ended Jan. 31, 2015. Same store sales increased 6%. Net sales for the year ended Jan. 30 were $12.154 billion, an increase of 6% compared to $11.454 billion for the year ended Jan. 31, 2015. Same store sales for the year ended Jan. 30 increased 5%.



"We achieved our best year ever in 2015. I am very appreciative of the focus on our customers, the excellent execution and teamwork across the enterprise that drove this result," said Leslie H. Wexner, chairman and CEO. "The dividend and share repurchase actions announced reflect confidence in our growth opportunities and commitment to delivering shareholder value."



The company expects to report fourth quarter earnings per share of about $2.05, above its previous guidance of $1.85 to $1.95.



Jim Cramer said Thursday on CNBC: "The company had a perfect quarter. ... L Brands may be the best mall retailer in the country."



L Brands, through Victoria's Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company. The company operates 3,005 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in more than 700 additional noncompany-owned locations worldwide.