US lingerie retailer Victoria’s Secrets saw its sales rise by 14.2 percent to $1.4 billion in its Q1 results.
The growth was largely driven by a 17 percent increase in comparable store sales, with sales at Victoria’s Secret Stores & Victoria’s Secret Beauty increasing by 19 percent to $987 million. La Senza comparatives tumbled four percent during the same quarter.
Limited Brands reported a 15 percent increase in sales at comparable stores across all its companies to $2.2bn, and a 20 percent increase in April, blowing past analysts’ estimates.
Net profit was $165.2 million, up from $112.5 million the previous year.