L Brands has released its holiday 2019 sales and has updated its Q4 earnings guidance.
Related: L Brands Reports Q3 2019 Results
For Q4 2019, L Brands reported net sales of $3.906 billion, compared to net sales of $4.072 billion in Q4 2018. This marks a 3% sales decrease year-over-year.
The company also reported net sales of $12.113 billion for the 2019 fiscal year, compared to net sales of $12.457 billion for the 2018 fiscal year. This marks a 2% sales decrease year-over-year.
L Brands expects to report Q4 earnings per share of ~$1.85 compared to its previous guidance of ~$2 per share.