L BRANDS COLUMBUS, Ohio, Dec. 4, 2014 /PRNewswire/ -- L Brands, Inc. (NYSE: LB) reported net sales of $1.078 billion for the four weeks ended Nov. 29, 2014, an increase of 9 percent, compared to net sales of $988.5 million for the four weeks ended Nov. 30, 2013. Comparable store sales increased 8 percent for the four weeks ended Nov. 29, 2014.
The company reported net sales of $8.464 billion for the 43 weeks ended Nov. 29, 2014, an increase of 7 percent compared to net sales of $7.944 billion for the 43 weeks ended Nov. 30, 2013. Comparable store sales increased 4 percent for the 43 weeks ended Nov. 29, 2014.
To hear further commentary provided on L Brands' prerecorded November 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 2,975 company-owned specialty stores in the United States, Canada and the United Kingdom, and its brands are sold in about 600 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 1995
L Brands, Inc. cautions 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 November sales call 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 November sales call:
-- general economic conditions, consumer confidence, consumer spending
patterns and market disruptions including severe weather conditions,
natural disasters, health hazards, terrorist activities, financial
crises, political crises or other major events, or the prospect of these
events;
-- the seasonality of our business;
-- the dependence on a high volume of mall traffic and the availability of
suitable store locations on appropriate terms;
-- our ability to grow through new store openings and existing store
remodels and expansions;
-- our ability to successfully expand into global markets and related
risks;
-- our relationships with independent licensees and franchisees;
-- our direct channel businesses;
-- our failure to protect our reputation and our brand images;
-- our failure to protect our trade names, trademarks and patents;
-- the highly competitive nature of the retail industry generally and the
segments in which we operate particularly;
-- consumer acceptance of our products and our ability to keep up with
fashion trends, develop new merchandise and launch new product lines
successfully;
-- our ability to source, distribute and sell goods and materials on a
global basis, including risks related to:
-- political instability;
-- duties, taxes and other charges;
-- legal and regulatory matters;
-- volatility in currency exchange rates;
-- local business practices and political issues;
-- potential delays or disruptions in shipping and transportation and
related pricing impacts;
-- disruption due to labor disputes; and
-- changing expectations regarding product safety due to new
legislation;
-- fluctuations in foreign currency exchange rates;
-- stock price volatility;
-- our failure to maintain our credit rating;
-- our ability to service or refinance our debt;
-- our ability to retain key personnel;
-- our ability to attract, develop and retain qualified employees and
manage labor-related costs;
-- the inability of our manufacturers to deliver products in a timely
manner and meet quality standards;
-- fluctuations in product input costs;
-- fluctuations in energy costs;
-- increases in the costs of mailing, paper and printing;
-- claims arising from our self-insurance;
-- our ability to implement and maintain information technology systems and
to protect associated data;
-- our failure to maintain the security of customer, associate, supplier or
company information;
-- our failure to comply with regulatory requirements;
-- tax matters; and
-- legal and compliance matters.
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 November sales call to reflect circumstances existing after the date of this report 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 2013 Annual Report on Form 10-K.
L BRANDS
NOVEMBER 2014
Comparable Store Sales Increase (Decrease):
Year-to- Year-to-
Nov. Nov. Date Date
2014 2013 2014 2013
---- ---- ---- ----
Victoria's
Secret(1) 6% (4%) 3% 2%
Bath & Body
Works(1) 11% (6%) 5% 1%
L Brands 8% (5%) 4% 2%
Victoria's Secret
Direct Sales (5%) 9% 0% (3%)
(1) - Results include company-owned stores in the United States and Canada.
Total Company-Owned Stores:
Stores Stores
Operating Operating
at 2/1/14 Opened Closed at 11/29/14
--------- ------ ------ -----------
Victoria's
Secret
U.S. 977 12 (4) 985
PINK
U.S. 83 32 (1) 114
Victoria's
Secret
Canada 24 7 - 31
PINK
Canada 10 - - 10
Total
Victoria's
Secret 1,094 51 (5) 1,140
Bath &
Body
Works
U.S. 1,559 13 (11) 1,561
Bath &
Body
Works
Canada 79 10 (1) 88
Total
Bath &
Body
Works 1,638 23 (12) 1,649
Victoria's
Secret
U.K. 5 4 - 9
Henri
Bendel 29 - - 29
La
Senza
Canada 157 - (9) 148
Total L
Brands
Stores 2,923 78 (26) 2,975
===== === === =====
http://photos.prnewswire.com/prnvar/20140130/CL56250LOGO
Logo - http://photos.prnewswire.com/prnh/20140130/CL56250LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/l-brands-reports-november-2014-sales-300004678.html
SOURCE L Brands, Inc.
