What L Brands' November Comps Mean for Mutual Fund Investors (LB)

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.

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).