Columbus, Ohio - L Brands reported a 9% increase in same-store sales for January. Analysts had expected an increase of 0.5%. The chain boosted its fourth-quarter earnings estimate.
Net sales for the 13-week fourth quarter, ended Feb.1, 2014, were $3.82 billion versus $3.86 billion in the 14-week year-ago quarter. Net sales were $3.8 billion for the 13 week fourth quarter ended Feb. 1, 2014 essentially flat with last year. Same-store sales were up 1%.
L Brands reported a same-store sales increase of 2% for the 52 week year ended Feb. 1, 2014. Net sales were $10.773 billion for year, compared to $10.459 billion for the 53 weeks ended Feb. 2, 2013.