L Brands, Inc. Reports Sales Results for the Five Weeks and 48 Weeks Ended Jan. 5, 2019; Revises Earnings Guidance for the Fourth Quarter of 2018
January 10, 2019 at 06:44 pm
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L Brands, Inc. reported sales results for the five weeks and 48 weeks ended Jan. 5, 2019. The company reported net sales of $2.477 billion for the five weeks ended Jan. 5, 2019, compared to net sales of $2.516 billion for the five weeks ended Dec. 30, 2017. Comparable sales were flat for the five weeks ended Jan. 5, 2019, compared to the five weeks ended Jan. 6, 2018.
The company reported net sales of $12.457 billion for the 48 weeks ended Jan. 5, 2019, compared to net sales of $11.592 billion for the 48 weeks ended Dec. 30, 2017. Comparable sales increased 3% for the 48 weeks ended Jan. 5, 2019, compared to the 48 weeks ended Jan. 6, 2018.
The company expects to report adjusted fourth quarter earnings per share towards the higher end of its previous guidance of $1.90 to $2.10, not including a preliminary estimated pretax charge, principally non-cash, related to the sale of La Senza of approximately $80 million, or $0.15 per share.
Bath & Body Works, Inc. is an omnichannel retailer focused on personal care and home fragrance. The Company sells merchandise through its retail stores in the United States (U.S.) and Canada, and through its websites and other channels, under the Bath & Body Works, White Barn and other brand names. Its international business is conducted through franchise, license and wholesale partners. It offers a range of care and home fragrance, including collections of fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Its products are differentiated through a combination of fragrance, packaging and quality at accessible prices. It also sells products under its sub brands, including White Barn. Its merchandise is sold through about 1,850 Company-operated stores and e-commerce sites in U.S. and Canada, and in 485 stores and 28 e-commerce sites in more than 40 other countries operating under franchise, license and wholesale arrangements.
BATH & BODY WORKS, INC. 
