NEW YORK (TheStreet) -- L Brands Inc. (LB) reported its sales results for May 2015, and posted a year-over-year increase in net sales and comparable same store sales, which exceeded analysts' expectations for the period.
For the four weeks ended May 30, 2015 L Brands said its net sales grew by 5% to $799.1 million, compared to the $763.6 million in net sales the company reported for the same month last year.
Comparable store sales for May 2015 jumped by 5% when compared to May 2014.
Analysts polled by Thomson Reuters had forecast for a 2.8% increase in same-store-sales.
L Brands is a Columbus OH.,-based specialty retail company that focuses on the sale of women's intimates and other apparel, as well as beauty and personal care products.
L Brands is the parent company of the Victoria's Secret and Bath & Body Works stores.
Shares of L Brands closed at $86.16 on Wednesday afternoon.
Separately, TheStreet Ratings team rates L BRANDS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate L BRANDS INC (LB) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, solid stock price performance and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."