The second quarter net sales of L Brands, Inc grew by 12 per cent to $2.351 from $1.369 billion for the corresponding quarter last fiscal. Sales of Bath & Body Works during the quarter ended July 03, 2021 grew by 48 per cent to $1.239 billion from $743.5 million sales recorded during the corresponding quarter last fiscal.

Victoria’s Secret net sales during the second quarter increased to $1.112 billion from $625.7 million in the corresponding quarter last fiscal. The brand’s comparable sales during the quarter increased by 3 percent compared to the same period in 2019.

The company currently expects to report second quarter operating income of more than $400 million for the Bath & Body Works segment, and more than $200 million for the Victoria’s Secret segment. The increase to the company’s previous second quarter earnings guidance was principally driven by higher than forecasted merchandise margin rates, as strong customer response to merchandise assortments and disciplined inventory management enabled a reduction in promotional activity.