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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/lastsale LB +5.50% 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/lastsale M +4.97% , Kohl's Corp. /zigman2/quotes/210414114/lastsale KSS +20.21% and J.C. Penney Co. Inc. /zigman2/quotes/204684963/lastsale JCP +0.41% , 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 -0.16% has gained 26% for the period.

/zigman2/quotes/202062875/lastsale
US : U.S.: NYSE
$ 13.24
+0.69 +5.50%
Volume: 8.96M
April 7, 2020 4:10p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.14 billion
Rev. per Employee
$148,898
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/zigman2/quotes/201854387/lastsale
US : U.S.: NYSE
$ 5.91
+0.28 +4.97%
Volume: 49.45M
April 7, 2020 4:10p
P/E Ratio
3.26
Dividend Yield
0.00%
Market Cap
$1.49 billion
Rev. per Employee
$197,992
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/zigman2/quotes/210414114/lastsale
US : U.S.: NYSE
$ 17.01
+2.86 +20.21%
Volume: 23.01M
April 7, 2020 4:10p
P/E Ratio
3.86
Dividend Yield
16.55%
Market Cap
$1.79 billion
Rev. per Employee
$156,814
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/zigman2/quotes/204684963/lastsale
US : U.S.: NYSE
$ 0.32
+0.0013 +0.41%
Volume: 11.98M
April 7, 2020 4:10p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$86.79 million
Rev. per Employee
$126,516
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/zigman2/quotes/210599714/realtime
US : S&P US
2,659.41
-4.27 -0.16%
Volume: 4.21B
April 7, 2020 4:20p
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