L Brands Sept. Comps. Down 2% - Quick Facts

(RTTNews) - L Brands, Inc. (LB) reported net sales of $981.6 million for the five weeks ended Sept. 30, 2017, an increase of 1 percent, compared to net sales of $971.4 million for the five weeks ended Oct. 1, 2016. Comparable sales decreased 2 percent for the five weeks ended Sept. 30, 2017. For September, the exit of the swim and apparel categories had a negative impact of about 2 percentage points to comparable sales.

For the 35 weeks ended Sept. 30, 2017, the company reported net sales of $7.015 billion, a decrease of 4 percent from last year. Comparable sales decreased 7 percent. The company noted that the exit of the swim and apparel categories had a negative impact of about 5 percentage points to comparable sales.