L Brands on a roll

Columbus, Ohio - L Brands Inc. continues its winning ways.

The retailer raised its second-quarter per-share earnings outlook as it posted reported better-than-expected same-store sales for July.



L Brands - whose banners include Victoria's Secret and Bath & Body Works - reported net sales of $2.76 billion for the second quarter of fiscal 2015, an increase of 3% compared to $2.67 billion for the same quarter a year earlier. Same-store sales rose 4%.



During July 2015, L Brands' net sales totaled $759.5 million, up 3% from $735.3 million the same month the prior year. Same-store sales increased 3%.



In addition, L Brands increased its second quarter earnings guidance of $0.66 to $0.68 per share from its previous guidance of $0.60 to $0.65 per share.