L Brands, Inc. Reports Sales Results for the Nine Weeks and Forty Eight Weeks Ended January 4, 2020; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2020
January 09, 2020 at 12:15 pm
Share
L Brands, Inc. reported sales results for the nine weeks and forty eight weeks ended January 4, 2020. The company reported net sales of $3.906 billion for the nine weeks ended January 4, 2020, compared to net sales of $4.072 billion for the nine weeks ended January 5, 2019. Comparable sales decreased 3% for the nine weeks ended January 4, 2020, compared to the nine weeks ended January 5, 2019.
The company reported net sales of $12.113 billion for the forty eight weeks ended January 4, 2020, compared to net sales of $12.457 billion for the forty eight weeks ended January 5, 2019. Comparable sales decreased 2% for the forty eight weeks ended January 4, 2020, compared to the forty eight weeks ended January 5, 2019.
The company expects to report fourth quarter earnings per share of about $1.85 compared to its previous guidance of about $2.00.
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.
L Brands, Inc. Reports Sales Results for the Nine Weeks and Forty Eight Weeks Ended January 4, 2020; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2020
BATH & BODY WORKS, INC. 
