A Look Into L Brands Monthly Performance In August 2016
L Brands recently released its August monthly sales performance. The merchandise margin rate was flat throughout the company and the inventories per square foot were 7% higher year-on-year. L Brands restructuring activities for the Victoria’s Secret business and the Beauty division are the main reasons for the company’s current lukewarm performance. In the Victoria’s Secret division the August comparable sales remained flat year-on-year, mostly due to the sell-off of the non go forward categories such as swimwear and apparel, and the restructuring of the Beauty business. Excluding these categories comparable sales grew by 2% year-on-year. The merchandise margin declined for Bath & Body Works as well. L Brands performance will remain subdued until the repositioning of its business continues, however, we expect the company to recover and follow its erstwhile successful growth trend after that.
Have more questions on L Brands? See the links below.
- What Is L Brands’ Revenue And EBITDA Breakdown?
- How Has L Brands’ Revenue And EBITDA Composition Changed Over 2012-2016E?
- L Brands Q4 2015 Pre-Earnings Report
- L Brands 2015 Year In Review
- How Was L Brand’s Monthly Performance In February 2016?
- How Was L Brand’s Monthly Performance In March 2016?
- What Is L Brands’ Fundamental Value Based On 2016 Estimated Numbers?
- How Did L Brands’ Different Segments Perform Over The Last 5 Years?
- What Are The Key Takeaways From L Brands Q1 FY2016 Earnings Results?
- Why Is Victoria’s Secret Undergoing Restructuring Changes?
- Key Takeaways From L Brands May 16 Performance Report
- Why Has L Brands’ Stock Price Declined By Around 30% Year-To-Date?
- Which Is The Most Important Segment For L Brands’ Future Growth?
- How Was L Brands’ Monthly Performance In June 2016?
- L Brands Q2 FY16 Earnings Preview
- L Brands Delivered A Moderate Q2, Restructuring Activities Progressing On Track
Notes: