L Brands Announces Sales Results for the Five Weeks and Forty-Eighth Weeks Ended December 30, 2017; Revises Earnings Guidance for the Fourth Quarter of Fiscal Year 2018
For the forty-eighth weeks, the company reported net sales of $11.592 billion compared to net sales of $11.769 billion for the 48 weeks ended Dec. 31, 2016. Comparable sales decreased 4% for the 48 weeks ended Dec. 30, 2017.
The company expects to report fourth quarter earnings per share of about $2 compared to previous guidance of $1.95 to $2.10.