Same store sales push up at L Brands
L Brands Inc. continues to surpass expectations as the parent company of Bath and Body Works and Victoria's Secret reported a bump in same store sales.
The company said net sales increased 3% to $1.207 billion for the five weeks ended July 4, compared to net sales of $1.176 billion for the five weeks ended July 5, 2014. Same store store sales for the five weeks ended July 4, 2015, increased 3%.
The company reported net sales of $4.518 billion for the 22 weeks ended July 4, 2015, an increase of 4% compared to sales of $4.331 billion for the 22 weeks ended July 5, 2014. Comparable store sales for the 22 weeks ended July 4, 2015, increased 4%.
L Brands operates 2,972 company-owned specialty stores worldwide.