07.11.2013 13:16:42
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L Brands Oct. Comps. Up 8% - Quick Facts
(RTTNews) - L Brands Inc. (LTD), formerly known as Limited Brands, reported a 8 percent improvement in October 2013 comparable-store sales, versus last year, with monthly net sales advancing year-over-year to $680.5 million, from $611 million.
For the 13-week period, net sales were $2.17 billion, up 6 percent, compared with $2.05 billion a year ago. The company posted a comparable-store sales increase of 3 percent for the 13 weeks.
Looking ahead to the third quarter, the company sees earnings per share at the high end of its earlier guidance of $0.23 - $0.28. On average, 30 analysts polled by Thomson Reuters expect earnings per share of $0.27 for the third quarter. Analysts' estimates typically exclude one-time items.
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