L Brands Reports 2% Growth In May Sales, COMPS Remain Flat

L Brands, Inc. LB disclosed that its net sales witnessed 2 percent growth in May to $816.6 million from $799.1 million recorded for the four weeks ended May 30, 2015. According to the company, its comparable sales for the four weeks ended were flat. For the year-to-date period, L Brands reported net sales of $3.430 billion representing an increase of 4 percent compared to net sales of $3.311 billion for the same period last year. Its comparable sales grew 2 percent for the 17 weeks ended May 28. Shares of the company traded 0.86 percent higher in the pre-market trading on Thursday.