L Brands October Comps Up 5%, Affirms Q3 Earnings Outlook - Quick Facts

(RTTNews) - Retail L Brands, Inc. (LB) Thursday announced a 5 percent increase in comparable store sales for the four week period ended October 31. Net sales for the period also rose 5 percent to $735.6 million from $700.0 million a year ago.

For the 13 week period, comparable store sales climbed 7 percent, while net sales also increased 7 percent to $2.48 billion from $2.32 billion a year ago.

The company reported net sales of $7.76 billion for the 39 weeks ended October 31, 2015, an increase of 5 percent compared to net sales of $7.39 billion for the year-ago period. Comparable store sales also increased 5 percent for period.

For the third quarter, L Brands affirmed its outlook for earnings between $0.51 and $0.53 per share. On average, analysts polled by Thomson Reuters currently estimate earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

The company will provide fourth quarter earnings guidance when it reports third quarter earnings after the close of the market on November 18.