L Brands reports May comps of -7% vs guidance for May total comps to be down mid-to-high single digits (reported flat comps year ago and -5% last month)
Co reported net sales decreased 5 percent to $774.3 million for the four weeks ended May 27, 2017, compared to net sales of $816.6 million for the four weeks ended May 28, 2016. For May, the exit of the swim and apparel categories had a negative impact of 10 percentage points and 14 percentage points to total company and Victoria's Secret comparable sales, respectively.