L Brands reports March comps of -10% vs +3% (VS +2%, BBW +5%) year ago and -13% (VS -16%, BBW -4%) last month (43.10)
- LB prior guidance equated to March/April combined comps down low to mid single-digits.
- LB expected the Easter shift negative impact on March comps by 2-3 pts.
- Co reported net sales -7% to $951.4 million for the five weeks ended April 1, 2017
- Vicotria's Secret comps of -13% Y/Y
- Bath & Body Works comps were flat Y/Y
--> Stock +2.3% pre open