Steady comp growth at L Brands


L Brands (LB) expects to reports Q1 EPS of $0.50-$0.52 vs. guidance of $0.44-$0.49 and the consensus estimate of analysts of $0.48.

Comparable-store sales rose 8% in April (Easter shift) and 2% for the 13 weeks which ended on May 3.

Sales growth was consistent across brands - with L Brands, Victoria's Secret, and Bath & Body Works all showing a 8% comp in April.

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