Key Takeaways From L Brands May 16 Performance Report
On June 2nd, L Brands released its monthly performance report for May 2016. the Victoria’s Secret comparable sales and merchandise margin rates for May remained weak on account of the repositioning of the Beauty segment, and the restructurings which are going on for the Victoria’s Secret core segment. Though comparable sales grew for the Bath & Body Works brand, however the merchandise margins remained dampened for this brand as well. This was mainly due to the weak exchange rate of Canadian dollars with respect to the USD. The company expects the June comparable store sales to be up by low single digits.
Have more questions on L Brands? See the links below.
- What Is L Brands’ Revenue And EBITDA Breakdown?
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- L Brands Q4 2015 Pre-Earnings Report
- L Brands 2015 Year In Review
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- What Are The Key Takeaways From L Brands Q1 FY2016 Earnings Results?
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for L Brands