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Jan. 9, 2020, 9:22 a.m. EST

Victoria's Secret parent L Brands reports holiday sales decline, cuts guidance

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By Tonya Garcia

L Brands Inc. /zigman2/quotes/202062875/composite LB 0.00% said Thursday that sales for the nine weeks ending Jan. 4 were $3.906 billion, down from $4.072 billion last year. Comparable store sales fell 3%. L Brands' portfolio of names includes Victoria's Secret and Bath & Body Works. L Brands joins Macy's Inc. /zigman2/quotes/201854387/composite M +1.37% , Kohl's Corp. /zigman2/quotes/210414114/composite KSS +0.39% and J.C. Penney Co. Inc. /zigman2/quotes/204684963/composite JCP -0.03% , which all reported holiday season comparable store sales declines. L Brands expects fourth quarter earnings per share of $1.85, down from previous guidance for $2.00. The FactSet consensus is for $1.97. L Brands stock is down 1.4% in Thursday premarket trading and down 35.7% for the past year. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.47% has gained 26% for the period.

/zigman2/quotes/202062875/composite
US : U.S.: NYSE
$ 24.30
0.00 0.00%
Volume: 0.00
Feb. 19, 2020 6:30p
P/E Ratio
18.60
Dividend Yield
4.94%
Market Cap
$6.80 billion
Rev. per Employee
$148,898
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 16.29
+0.22 +1.37%
Volume: 8.89M
Feb. 19, 2020 6:30p
P/E Ratio
5.27
Dividend Yield
9.27%
Market Cap
$5.03 billion
Rev. per Employee
$197,992
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/zigman2/quotes/210414114/composite
US : U.S.: NYSE
$ 44.00
+0.17 +0.39%
Volume: 2.98M
Feb. 19, 2020 6:30p
P/E Ratio
10.11
Dividend Yield
6.09%
Market Cap
$6.89 billion
Rev. per Employee
$156,814
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/zigman2/quotes/204684963/composite
US : U.S.: NYSE
$ 0.71
-0.0002 -0.03%
Volume: 6.05M
Feb. 19, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$228.03 million
Rev. per Employee
$126,516
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/zigman2/quotes/210599714/realtime
US : S&P US
3,386.15
+15.86 +0.47%
Volume: 1.73B
Feb. 19, 2020 5:05p
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