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L Brands Sustains Decent Comparable Sales Run in November
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L Brands, Inc.’s sustained focus on cost containment, inventory management, merchandise, and speed-to-market initiatives has kept it afloat in a competitive environment. Further, the company’s Bath & Body Works segment continues to drive the comparable sales (comps) performance.
Comps for the four-week period ended Dec 1, 2018 rose 9%. Comps for the month under review fared better than the prior-year period’s decline of 1% and also showcased an improvement from growth of 4% and 5% registered in October and September, respectively.
Net sales during the month under review surged 26% to $1.596 billion from $1.267 billion reported in the prior-year period.
After recording flat comps in the month of October, Victoria’s Secret comps increased 2% in the month of November on account of growth witnessed in lingerie and beauty. This was partly offset by sluggishness in the Pink brand. Moreover, merchandise margin rate fell considerably in the month under review, primarily owing to higher promotional activity.
Comps at Bath & Body Works surged 18% in the month of November, following an increase of 11% in the preceding month. Merchandise margin rate fell owing to calendar shift. Promotional activity was lower during the period.
L Brands’ operational efficiencies together with its new and innovative collections bode well. Furthermore, the company’s focus on tapping international markets is likely to provide long-term growth opportunities and generate increased sales volumes. We note that shares of this Zacks Rank #2 (Buy) stock have increased 13% against the industry’s decline of 17.7% in the past three months.
Shoe Carnival (SCVL - Free Report) delivered an average positive earnings surprise of 31.4% in the trailing four quarters. The stock flaunts a Zacks Rank #1.
Fossil Group, Inc. (FOSL - Free Report) has an average positive earnings surprise of 119.5% in the trailing four quarters and a Zacks Rank #1.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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L Brands Sustains Decent Comparable Sales Run in November
L Brands, Inc.’s sustained focus on cost containment, inventory management, merchandise, and speed-to-market initiatives has kept it afloat in a competitive environment. Further, the company’s Bath & Body Works segment continues to drive the comparable sales (comps) performance.
Comps for the four-week period ended Dec 1, 2018 rose 9%. Comps for the month under review fared better than the prior-year period’s decline of 1% and also showcased an improvement from growth of 4% and 5% registered in October and September, respectively.
Net sales during the month under review surged 26% to $1.596 billion from $1.267 billion reported in the prior-year period.
After recording flat comps in the month of October, Victoria’s Secret comps increased 2% in the month of November on account of growth witnessed in lingerie and beauty. This was partly offset by sluggishness in the Pink brand. Moreover, merchandise margin rate fell considerably in the month under review, primarily owing to higher promotional activity.
Comps at Bath & Body Works surged 18% in the month of November, following an increase of 11% in the preceding month. Merchandise margin rate fell owing to calendar shift. Promotional activity was lower during the period.
L Brands’ operational efficiencies together with its new and innovative collections bode well. Furthermore, the company’s focus on tapping international markets is likely to provide long-term growth opportunities and generate increased sales volumes. We note that shares of this Zacks Rank #2 (Buy) stock have increased 13% against the industry’s decline of 17.7% in the past three months.
3 Other Stocks to Focus Upon
Boot Barn Holdings (BOOT - Free Report) has an average positive earnings surprise of 15.1% for the trailing four quarters. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shoe Carnival (SCVL - Free Report) delivered an average positive earnings surprise of 31.4% in the trailing four quarters. The stock flaunts a Zacks Rank #1.
Fossil Group, Inc. (FOSL - Free Report) has an average positive earnings surprise of 119.5% in the trailing four quarters and a Zacks Rank #1.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>