L Brands Reports Better-Than-Expected December Same-Store Sales

L Brands Inc (NYSE: LB) announced Thursday morning December comparable same-store sales rose 4 percent for the five weeks ended January 3, better than the 3.5 percent growth analysts were expecting.

Total net sales rose 5 percent during the same period to $2.207 billion. For the 48-week period ending January 3, sales rose 6 percent to $10.671 billion while comparable store sales rose 4 percent.

Shares were down 1.4 percent in Thursday's premarket.

The company provided further commentary in the form of recorded remarks which can be accessed on the company's investor relations webpage.