L Brands To Report Strong Quarterly Results Yet Again

The company stated that its Q1 revenues increased by 5% to $2.512 billion from $2.391 billion in the year ago period, and comparable store sales also grew by 5%. After releasing the sales growth metrics, the parent company of Victoria's Secret and Bath & Body Works raised its Q1 EPS guidance from $0.50-$0.55 to $0.58-$0.60, suggesting that it had another quarter of better-than-expected performance.