Before Wednesday’s opening bell, L Brands (LB) released its comparable store sales data for November. Here’s what the news means for mutual fund investors.
Inside LB's November Comps
While many retailers struggle to stay afloat, L Brands, the parent company company of Bath & Body Works and Victoria’s Secret, has excelled in the apparel business. On Thursday morning, the company released yet another increase in comparable store sales.
The company reported a 9% increase in net sales for November. For the 43 week period ended November 29, the company reported that sales rose 7%. Comparable store sales increased by 4%.
Year-to-date, LB is up nearly 35%. On November 20th, the company released its third quarter financial results, which came in above analysts’ estimates.
Mutual Funds to Watch
For investors seeking exposure to L Brands, but also want diversification, a mutual fund investment may be a good alternative. The funds below currently hold the largest stakes in LB.
|VMCIX||Vanguard Mid Cap Index||1.47%|
|VTSMX||Vanguard Total Stock Market Index||1.41%|
The Bottom Line
The funds above allow investors to gain exposure to LB while remaining diversified. Investors interested in L Brands may also be interested in stocks like Ann Inc (ANN), Coach (COH) and Chico’s (CHS).