Shares of L Brands Inc. LB, -1.08% surged 3.9% in premarket trade Thursday, after the Victoria’s Secret parent reported September sales that rose from a year ago and said it was pursuing “all alternatives” for its La Senza business. The company said La Senza, which has 126 company-owned stores in North America, is expected to record a 2018 operating loss of $40 million and revenue of $250 million. Separately, the company said net sales for the five weeks ended Oct. 6 rose 8% to $1.06 billion, while same-store sales increased 5%. That follows August net sales growth of 1.7% to $856.3 million and a same-store sales rise of 1%. The FactSet consensus for fiscal third-quarter (through October) is for net sales of $2.69 billion and same-store sales growth of 1.1%. L Brands’ stock has tumbled 53% year to date through Wednesday, while the SPDR S&P Retail ETF XRT, -2.46% has gained 4.4% and the S&P 500 SPX, -3.29% has tacked on 4.2%.
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