Intimate Brands
This article was originally published in The Rose Sheet
Executive Summary
Bath & Body Works sales increased 3% for the FY second quarter (ended Aug. 1). Intimate Brands attributed the personal care retailer's "flat" sales to "strong comparable store sales of a year ago." The company reported Bath & Body Works operating profit increased 30% in the period. "New product collections kept the stores fresh and exciting while creating special appeal to new groups of customers," Intimate Brands stated. Consolidated sales rose 6% to $874.7 mil. and net income grew 21% to $73.6 mil...