The Columbus Dispatch
Driven by record results at Bath & Body Works, L Brands reported sales and earnings for the first quarter that were better than expected.
While performance at Victoria’s Secret Lingerie, Pink, Victoria’s Secret Beauty and International were largely in line with L Brands’ forecast, not all the news was good. Comparable store sales, a key indicator of a retailer’s health, were flat for the quarter. While Bath & Body Works showed a robust 13 percent growth in comparable store sales, the company’s struggling Victoria’s Secret brand showed a 5 percent decline in such sales.. . . more