January bites but L Brands ekes out 3 percent growth for final quarter and full year

January bites but L Brands ekes out 3 percent growth for final quarter and full year

Bath & Body Works-owner L Brands has announced its results for the final quarter and fiscal year ended February 2, 2019.

The company behind Victoria’s Secret saw sales drop in the final month of the financial year, with comparable sales for the four weeks ended February 2 down 1 percent compared to the same period in 2018.

Despite the January lull, L Brands reported a 3 percent uplift in sales for the final quarter of fiscal 2018, with sales reaching US$4.852 billion, representing a 3 percent rise on the previous year. For the full year, sales stood at US$13.237 billion, which translates to growth of 3 percent compared to the 52 week period ended February 3, 2018.    

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