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Share Name | Share Symbol | Market | Type |
---|---|---|---|
LandBridge Company LLC | NYSE:LB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.16 | 35 | 12:29:49 |
The company reported net sales of $11.769 billion for the 48 weeks ended Dec. 31, 2016, an increase of 4 percent compared to net sales of $11.343 billion for the 48 weeks ended Jan. 2, 2016. Comparable sales increased 2 percent for the 48 weeks ended Dec. 31, 2016.
The company stated that it now expects fourth quarter earnings per share to be toward the lower end of its previous guidance of $1.85 to $2.00.
To hear further commentary provided on L Brands’ prerecorded December sales message, call 1-866-639-7583 or log onto www.LB.com for an audio replay.
ABOUT L BRANDS:L Brands, through Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, is an international company. The company operates 3,087 company-owned specialty stores in the United States, Canada, the United Kingdom and Greater China, and its brands are sold in more than 700 additional franchised locations worldwide. The company’s products are also available online at www.VictoriasSecret.com, www.BathandBodyWorks.com, www.HenriBendel.com and www.LaSenza.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995We caution that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release or the December sales call or made by our company or our management involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Words such as “estimate,” “project,” “plan,” “believe,” “expect,” “anticipate,” “intend,” “planned,” “potential” and any similar expressions may identify forward-looking statements. Risks associated with the following factors, among others, in some cases have affected and in the future could affect our financial performance and actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements included in this press release or the December sales call or otherwise made by our company or our management:
We are not under any obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release or the December sales call to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in Item 1A. Risk Factors in our 2015 Annual Report on Form 10-K.
L BRANDSDECEMBER 2016
Comparable Sales Increase (Decrease) (Stores and Direct):
December | Year-to-Date | ||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||
Victoria’s Secret1 | (4 | %) | 10 | % | 0 | % | 5 | % | |||||
Bath & Body Works1 | 3 | % | 8 | % | 5 | % | 7 | % | |||||
L Brands2 | (1 | %) | 9 | % | 2 | % | 6 | % |
1 – Results include company-owned stores in the U.S. and Canada and direct sales.2 – Results include company-owned stores in the U.S., Canada and the U.K. and direct sales.
Comparable Sales Increase (Decrease) (Stores Only):
December | Year-to-Date | |||||||||||
2016 | 2015 | 2016 | 2015 | |||||||||
Victoria’s Secret1 | (4 | %) | 8 | % | (1 | %) | 6 | % | ||||
Bath & Body Works1 | 0 | % | 6 | % | 3 | % | 6 | % | ||||
L Brands2 | (2 | %) | 8 | % | 1 | % | 6 | % |
1 – Results include company-owned stores in the U.S. and Canada.2 – Results include company-owned stores in the U.S., Canada and the U.K.
Total Company-Owned Stores:
Stores | Stores | ||||||||
Operating | Operating | ||||||||
at 1/30/16 | Opened | Acquired | Closed | at 12/31/16 | |||||
Victoria's Secret U.S. | 990 | 17 | - | (6 | ) | 1,001 | |||
PINK U.S. | 128 | 6 | - | (1 | ) | 133 | |||
Victoria's Secret Canada | 37 | - | - | - | 37 | ||||
PINK Canada | 9 | - | - | - | 9 | ||||
Total Victoria’s Secret | 1,164 | 23 | - | (7 | ) | 1,180 | |||
Bath & Body Works U.S. | 1,574 | 29 | - | (5 | ) | 1,598 | |||
Bath & Body Works Canada | 98 | 4 | - | - | 102 | ||||
Total Bath & Body Works | 1,672 | 33 | (5 | ) | 1,700 | ||||
Victoria’s Secret U.K. | 12 | 3 | - | - | 15 | ||||
PINK U.K. | 2 | 1 | - | - | 3 | ||||
Victoria’s Secret Beauty and Accessories | - | 6 | 26 | (1 | ) | 31 | |||
Henri Bendel | 29 | - | - | - | 29 | ||||
La Senza U.S. | - | 4 | - | - | 4 | ||||
La Senza Canada | 126 | - | - | (1 | ) | 125 | |||
Total L Brands Stores | 3,005 | 70 | 26 | (14 | ) | 3,087 |
For further information, please contact: L Brands: Investor Relations Amie Preston (614) 415-6704 apreston@lb.com Media Relations Tammy Roberts Myers (614) 415-7072 communications@lb.com
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